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Allegiance Coal in $33 6m rights issue at 42pc discount

Listed coal producer Allegiance Coal was asking investors to tip in $33.6 million on Wednesday morning to fund working capital as it refurbishes its Black Warrior and New Elk Mines.

Allegiance Coal completes first loading of second train

Allegiance Coal Ltd’s New Elk team successfully completed the first loading of the second unit train, leased by New Elk Coal and set up and pulled by Union Pacific locomotives.

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