trending Market Intelligence /marketintelligence/en/news-insights/trending/Jcsi1rIn8IDbr54tglrQmw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Paringa's Hartshorne initiates financial outlook, operational performance review

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Paringa's Hartshorne initiates financial outlook, operational performance review

Paringa Resources Ltd. said Jan. 8 that its subsidiary Hartshorne Mining Group LLC retained FTI Consulting Inc. to review Hartshorne's near-term financial outlook and operational performance, which includes an assessment of additional financing required for operations.

Paringa said that its priority is to explore all opportunities to maximize the value of its subsidiary and the Poplar Grove coal mine in Kentucky, either through additional funding to finance the continuation of operations at the project, or by a potential trade sale.

The company noted that it has been focusing on ramping up mining operations at Poplar Grove, and drilling is underway for near-term production.

Hartshorne, upon consultation with Tribeca Global Resources Credit Pty. Ltd., decided to defer payment of the Dec. 31, 2019, quarterly interest and fees required under its term loan facility, totaling about US$1.5 million. The deferral triggered a default under the term loan facility, giving Tribeca the right to demand immediate full payment.

Paringa's securities will remain suspended from trading until further announcements on the said matters are made.