Shares in Bisichi Mining, the UK miner with direct coal mining operations in South Africa announced that it gained 5.7 percent after the company posts a record set of full-year results, with Numis Securities keeping its buy recommendation on the stock. For full story, click here
Read the full article: "Bisichi Mining gained 5.7 percent"
Thursday, April 30, 2009
Coalcorp Mining Inc. announced that it is providing its fifth Default Status Report in accordance with National Policy 12-203: Cease Trade Orders for Continuous Disclosure Defaults. For full story, click here
Read the full article: "Coalcorp Mining provided updated default..."
Thursday, April 30, 2009
Australia’s Riversdale Mining declared that it has been granted a mining licence for the Benga Coal project in Mozambique. For full story, click here
Read the full article: "Mozambique has granted Riversdale Coal..."
Wednesday, April 29, 2009
Red Hill Energy (CVE:RH) announced today that their 100% owned Ulaan Ovoo coal project in Mongolia received a positive pre-feasibilty study. The study shows at a coal price of $76US/tonne, an after tax and royalty NPV of $US250 million with a discount rate of 10%.
Read the full article: "Red Hill Energy study shows NPV of $250m"
Wednesday, April 29, 2009
The long-term fuel supply pact between the country’s biggest coal producer, Coal India, and power utilities led by navratna firm NTPC is set to miss the April-30 deadline on account of procedural delays. Coal India Chairman Partha S Bhattacharyya stated: All the issues between both the parties have been worked out and the pact is [...]
Read the full article: "Coal India, power companies will miss April..."
Wednesday, April 29, 2009
China Shenhua Energy Co., the country’s biggest coal producer, declared that its first-quarter profit surged 17.2 percent, supported by higher prices and a revival in demand thanks to the government’s economic stimulus spending. For full story, click here
Read the full article: "China Shehua Energy's Q1 profit surged..."
Wednesday, April 29, 2009
Yanzhou Coal Mining, a Chinese coal producer declared that its Q1 net profit has been down by 48.5%. For full story, click here
Read the full article: "Yanzhou Coal Mining reported Q1 net profit..."
Tuesday, April 28, 2009
Arch Coal Inc.’s bleak first-quarter earnings, dismal 2009 profit outlook and output cuts sent shares tumbling for the second straight day and prompted two analysts to cut the coal company’s price target. For full story, click here
Read the full article: "Arch Coal dips on dismal Q1 results, 2009..."
Tuesday, April 28, 2009
European API2 coal swaps settled little changed on Monday in relatively thin trading. Coal swaps dip around $2.50 by midday in line with weaker oil prices but later recovered most of the earlier losses. For full story, click here
Read the full article: "European AP12 coal swaps settled little..."
Tuesday, April 28, 2009
The Queensland government declared that it will try to find jobs for 360 coal workers sacked from a central Queensland mine, as a new report raises fears of job cuts in tourism. For full story, click here
Read the full article: "Queensland Govt. will try to find more jobs..."
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Thursday, April 30, 2009