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Thermal 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 write down the value of the debt by an eye-watering 80%.

Haydn Black
Thermal coal losing energy market share in the US

Thermal coal losing energy market share in the US

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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