Indonesia’s second-largest coal producer, PT Adaro Energy Tbk reported a doubling in nine-month net profit to 686 billion rupiah ($56.7 million), citing higher selling prices for its coal. For full story, click here
Read the full article: "Indonesia's Adaro says 9-mth net profit..."
Friday, November 28, 2008
Qinhuangdao coal prices see a big dive for 3 weeks in a row, nearly down by CNY 100 per tonne on average each week. For full story, click here
Read the full article: "Qinhuangdao coal price returns to H1 level"
Thursday, November 27, 2008
The company is finalizing an extension of the agreement deadline with the vendors of Appolo Mines and Diversified Energy of Middlesboro, For full story, click here
Read the full article: "Homeland Energy Finalizing Deadline for..."
Thursday, November 27, 2008
Greenpeace today released an analysis showing that the global cost of coal was at least €360 billion last year alone. For full story, click here
Read the full article: "Greenpeace report reveals global coal costs..."
Thursday, November 27, 2008
Coal is the best commodity to get into right now. The recent global economic downturn has led to a slump in coal demand and production cuts, however serious investors are not shying away from what they see as a most opportune time.
Read the full article: "Coal: Commodity Favoured By Investors"
Wednesday, November 26, 2008
BHP Billiton abandoned its year-long pursuit of Rio Tinto Group, blaming the rout in commodities prices and the credit-market squeeze for derailing the biggest hostile offer. For full story, click here
Read the full article: "BHP pulls out Rio bid as commodities crash"
Wednesday, November 26, 2008
Government has conferred Navratna status on Coal India, enabling the state-run PSU to enjoy better financial and administrative autonomy. For full story, click here
Read the full article: "Coal India gets 'navratna'"
Tuesday, November 25, 2008
The largest coal mining company of the country, Coal India Ltd (CIL), has more coal to offer through e-auctions than the actual demand, according to a company official. For full story, click here
Read the full article: "Coal India has more coal for e-auction than..."
Tuesday, November 25, 2008
Corporate biggies like Rio Tinto, ArcelorMittal, Reliance, Sterlite, Essar and JSW Steel have evinced interest in reviving 18 abandoned mines of Coal India. For full story, click here
Read the full article: "Biz honchos like ArcelorMittal, Rio Tinto..."
Monday, November 24, 2008
It is reported that, owing to the world economic recession, coal demand continues to slide and coal price slumps, too. The stock price of coal enterprises has pointed to the downside. For full story, click here
Read the full article: "Coal price slumps in China"
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Friday, November 28, 2008