Australian miner Macarthur Coal Ltd cut its first-half profit forecasts and said it would curtail production amid a global slowdown in demand, sending its shares down 20 percent. For full story, click here
Read the full article: "Australia's Macarthur cuts profit,..."
Tuesday, December 30, 2008
GMR Group plans to buy 100-150 million tonne capacity coal mine in Indonesia to feed 1,500 megawatt power generation capacity for 20 years. For full story, click here
Read the full article: "GMR bullish on power; plans to buy coal mine..."
Monday, December 29, 2008
Coal exports from Australia’s Newcastle port jumped 22 percent from the previous week to a six-week high, while the number of ships arriving at the port also held near its highest level since early November. For full story, click here
Read the full article: "Australia Newcastle coal exports jump 22..."
Friday, December 26, 2008
Steel manufacturers, both in private and public sectors, have started renegotiating coking coal prices with overseas suppliers, mainly those in Australia, in view of present economic slowdown hitting the steel industry. For full story, click here
Read the full article: "Steel producers renegotiate prices with coal..."
Thursday, December 25, 2008
China’s coal prices at Qinhuangdao, a domestic benchmark, fell by 30% in a month because of weaker demand for the fuel. For full story, click here
Read the full article: "Qinhuangdao coal prices fall by 30% in a..."
Thursday, December 25, 2008
Alliance Resource Partners, L.P. and Alliance Holdings GP, L.P. announced that Joseph W. Craft, III, President and Chief Executive Officer, will make a presentation at the 1st Annual Raymond James Coal Investors Conference in New York City at approximately 8:30 a.m. Eastern time on Thursday, December 4, 2008. For full story, click here
Read the full article: "Alliance to Present at the 1st Annual..."
Wednesday, December 24, 2008
It is reported that Heilongjiang LongMay Mining Group, the largest coal enterprises in northeast China, produced 45.54 million tonnes of raw coal. For full story, click here
Read the full article: "Heilongjiang LongMay Mining to produce 54..."
Tuesday, December 23, 2008
NTPC Ltd, has switched to linking coal imports with global indices, from an earlier fixed-price system, so as to gain from falling prices, government and company officials said. For full story, click here
Read the full article: "NTPC to switch coal import mechanism –..."
Tuesday, December 23, 2008
Rio Tinto Group may have to cut contract prices by a third next year because of slumping demand from steelmakers, according to a survey of analysts. For full story, click here
Read the full article: "BHP, Rio May Have to Cut Coking Coal Prices..."
Monday, December 22, 2008
GMR Group plans to buy 100-150 million tonne capacity coal mine in Indonesia to feed 1,500 megawatt power generation capacity for 20 years. For full story, click here
Read the full article: "GMR bullish on power; plans to buy coal mine..."
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Wednesday, December 31, 2008