Paringa Resources

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No qualified buyers have been identified yet for an Australian-owned coal mine in western Kentucky that’s up for sale. 

The round of bidding by qualified buyers closed earlier this month in the sale of  Hartshorne Mining, the U.S. company operating the Poplar Grove mine in McLean County that filed for bankruptcy in February.

Hartshorne is a wholly-owned subsidiary of Paringa Resources, based in Perth, Australia.  

Hartshorne’s major lender, Tribeca Global Natural Resources, and its agent for the sale, reports that there were no qualified buyers for the mine, equipment and other assets.

The Tribeca report says that “significant headwinds have both directly and indirectly impacted the sales process.”


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The Australian-owned company with a troubled coal mine in western Kentucky is suing the U.S. Small Business Administration because it didn’t get money offered to other companies impacted by the COVID-19 pandemic.

It has not been a good year for Hartshorne Mining, with geological and financial troubles plaguing its Poplar Grove Mine, located about 30 miles south of Owensboro, in McLean County.

The coal company is owned by Paringa Resources, based in Perth, Australia.


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The Australian company that owns a western Kentucky coal mine will auction off the project next month.  The mine is operating under bankruptcy protection with a reduced workforce and COVID-19 safety precautions. 

Paringa Resources, based in Perth, Australia, will offer the Poplar Grove coal mine in McLean County for sale "on or about June 17," according to the company's first quarter 2020 report.

The sale will also include the nearby undeveloped Cypress Mine and other business assets. The timeline for the sale "remains subject to change" with the approval of the federal bankruptcy court for the Western District of Kentucky. 

The Kentucky mining project, located about 30 miles south of Owensboro, is operated by Paringa’s wholly-owned U.S. subsidiary, Hartshorne Mining Group, which declared bankruptcy in February.


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The CEO of the Australian company that owns a financially and geologically troubled coal mine in western Kentucky has resigned.

Paringa Resources announced the resignation of Egan Antill effective March 31.

Paringa’s wholly-owned subsidy, Hartshorne Mining Group, began operations at the Poplar Grove Mine in McLean County, about 30 miles south of Owensboro, in December 2018. 

Paringa has since discovered an unexpected geological fault in the region and has experienced financial trouble.

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The Australian company that owns a coal mine in McLean County announced on Feb. 21 that it's selling the troubled project and the Kentucky company operating the mine has filed for bankruptcy.

The Poplar Grove mine in rural McLean County, about 30 miles south of  Owensboro, is operated by Hartshorne Mining Group, a wholly-owned subsidiary of Paringa Resources, based in Perth, Australia.

Paringa has filed for Chapter 11 in the U.S. Bankruptcy Court for the Western District of Kentucky.


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McLean County officials are finalizing plans for a “rapid response” to assist coal miners who recently lost their jobs on one day’s notice.  

The Poplar Grove coal mine that began operations in December 2018 has encountered a series of financial and geological troubles.

The Poplar Grove mine, about 30 miles south of Owensboro, is owned by the Australian company Paringa Resources and operated by its wholly-owned subsidiary, the Hartshorne Mining Group.

Hartshorne sent a letter to some employees on Feb. 17 informing them they’d be terminated the following day. 

McLean County Judge Executive Curtis Dame said he’s talked with some of the miners and estimates at least 40 of them have lost their jobs, about half the workforce at the mine.


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Some of the employees at the Poplar Grove coal mine in McLean County, Kentucky, received a letter on Feb. 17 informing them that their employment will end Feb. 18.

The letter is from Hartshorne Mining Group, a wholly-owned subsidiary of Paringa Resources in Australia.

The letter said the project will transition from two mining units to one and some employees will be retained as the effort continues to seek additional financing or possibly the sale of the mine.

Paringa has encountered financial and geological problems at the Poplar Grove mine.

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An Australian company operating a new coal mine in western Kentucky is requesting an extended suspension on the trading of its stock.

The company has been having financial and operating issues at the Buck Creek Mining Complex in McLean County. 

The owner of the mine, Paringa Resources, made a request to the Australian Securities Exchange to keep the stock off the market until Feb. 25.

Paringa previously suspended trading of its securities until Jan. 28 to give it time for discussion with the company’s lenders.

The Kentucky mine is operated by Hartshorne Mining Group, a wholly-owned subsidiary of Paringa.


Paringa Resources

An Australian company operating a new coal mine in western Kentucky has asked the Australian stock exchange to extend the halt of trading of the company’s securities. Paringa Resources is facing financial and geological challenges.

The Australian Securities Exchange first suspended the trading of Paringa Resources stocks at the request of the company on Dec. 23.

That’s when Paringa reported that its Poplar Grove Mine in McLean County encountered a geological fault that had not been identified by consultants who prepared the original plan for the mine. 


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An Australian company operating a new coal mine in western Kentucky filed a report with the Securities and Exchange Commission on Jan. 8 that said the company failed to make a payment on its debt and has suspended trading of its stock. 

Paringa Resources shipped its first load of coal from the Poplar Grove Mine in McLean County in April 2019 to Kentucky Utilities and Louisville Gas & Electric. 

Paringa announced at that time it had committed 70 percent of the coal from the mine to regional power companies in 2020.


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The first shipment of coal from a new mine in McLean County in western Kentucky has been sent to utility companies in the state. 

The Australian company Paringa Resources announced on April 28 that it loaded 1,500 tons of washed coal from its new Poplar Grove mine onto barges at its dock on the Green River. This first shipment of coal went to Kentucky Utilities and Louisville Gas & Electric. 

Paringa said in a news release that it plans to bring in additional mining equipment and ramp up operations.

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The CEO of a company behind a new coal mine project in McLean County, Kentucky has resigned. The announcement from the Australian mining company Paringa Resources said managing director and CEO Grant Quasha is resigning as of June 18 to “pursue another opportunity.”

Quasha said in a Fox Business TV interview in September 2017 that the election of President Donald Trump has “ended the war on coal” and allowed Paringa to raise 40 million U.S. dollars in financing in the Australian equity markets, in addition to $20 million in project financing from Macquarie Bank in Australia for construction of the McLean County mine that will produce thermal coal for regional utilities. The mine is in what’s called “the Illinois Basin.” 


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An Australian company constructing a new coal mine in McLean County has filed a response to a lawsuit filed by two brothers who own land in the area. 

The response filed in McLean Circuit Court by Hartshorne Mining generally denies a list of claims by brothers Gordon and Kenneth Bryant, whose family has long owned acreage in the rural area.

Hartshorne denies that the coal mine is out of compliance with McLean County’s comprehensive plan because the project was approved by the fiscal court.