Cougar Energy Limited announced the issue of 250,000 ordinary shares at $0.05 per share, upon conversion of options. For full story, click here
Read the full article: "Cougar Energy Limited Announces Conversion..."
Friday, January 30, 2009
Hillsborough Resources Limited announced that Vitol SA converts 3,000,000 warrants to common shares at a conversion price of $0.60 resulting in a cash contribution to Hillsborough in the amount of $1,800,000. For full story, click here
Read the full article: "Hillsborough Resources Limited Announce..."
Thursday, January 29, 2009
Centennial Coal Company Limited announced that it has agreed to issue 754,666 ordinary shares of which 24,000 shares for $1.14 (plus $0.35 option purchase price), 368,333 shares for $1.98 (plus $0.448 option purchase price). For full story, click here
Read the full article: "Centennial Coal Company Limited Announces..."
Thursday, January 29, 2009
The company agreed to cut coking coal prices for India’s JSW Steel Ltd. by 43 percent for the last three months of an annual contract after global demand slumped. Jim Lennon, London-based analyst at Macquarie Group Ltd., said: This shows that companies are willing to be flexible in these unprecedented times, $175, however, is still [...]
Read the full article: "Rio Agrees to Slash JSW’s Coking Coal..."
Wednesday, January 28, 2009
There’s no denying the worldwide recession has led to global cutbacks in the demand for most commodities, coal included. Coal producers like Peabody Energy have been forced to curtail production as demand slumps from both the steel industry and the energy sector.
Read the full article: "Will Peabody ride the coal bull again?"
Tuesday, January 27, 2009
Coal India may increase prices from next fiscal. For full story, click here
Read the full article: "Coal India may increase prices from next..."
Tuesday, January 27, 2009
Xstrata said it is restructuring operations at its Mt Isa mining and processing complex in Queensland, Australia. For full story, click here
Read the full article: "Xstrata said it is restructuring operations"
Tuesday, January 27, 2009
Rio Tinto Alcan said plans to cut another six percent of output and will also cut alumina production, shed 1,100 employees to cut costs. For full story, click here
Read the full article: "Rio Tinto shed 1,100 employees to cut costs"
Tuesday, January 27, 2009
Many existing producers also have shut down or curtailed output at mines and plants as high costs and low prices bite. For full story, click here
Read the full article: "Many existing producers also have shut down..."
Monday, January 26, 2009
During the 1980s, a coal mining strike changed the landscape of many Scottish towns. Tight-knit communities and families were torn apart by the long strike that drained meager savings, by the workers who left for other jobs and by Margaret Thatcher’s union-busting policies. For full story, click here
Read the full article: "Coal-mine strike wreaks havoc and mystery in..."
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Friday, January 30, 2009