CAPITAL MARKETS

Coal investment sours for Tribeca

INVESTING in US thermal coal producer Paringa Resources by taking on a A$40 million secured loan facility from Macquarie Bank looks to have been a bad decision by Tribeca Global Natural Resources, which has taken the decision to writedown the value of the debt by an eye-watering 80%.

High CO2 coal is rapidly losing market share

High CO2 coal is rapidly losing market share

Tribeca was one of a syndicate of lenders supporting the Kentucky-focused coal miner, which filed for bankruptcy protection in February to facilitate the sale of the operating Poplar Grove mine, part of...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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