International Coal Group Inc has posted a second-quarter profit that beat market estimates by a cent and said the worst of the market weakness seemed to be over, sending its shares up 10 percent. Chief Executive Ben Hatfield declared: Economic signals from Asia are somewhat encouraging, and we are hopeful that the U.S. economy will [...]
South Africa’s Chamber of Mines declared the country’s coal producers and mineworkers had agreed a two-year wage deal, averting the possibility of a strike in the sector. For full story, click here
After foraying into steel-making, NMDC is betting big on power generation, calling it a natural extension of mining coal. For full story, click here
Mining group Xstrata Plc has released first-half output and price data on Tuesday. For full story, click here
Macarthur Coal Ltd, the world’s leading exporter of pulverized coal, is in talks to sign its first long-term sales contracts with steel mills in China as demand surges for the raw material. For full story, click here
Arch Coal Inc, one of the world’s biggest coal producers, declared that it has launched an offering of stock and notes to help fund its purchase of a Wyoming mining complex. For full story, click here
International Coal Group Inc has posted a second-quarter profit that beat market estimates by a cent, helped by higher margins, and declared the worst of the market weakness seemed to be over, sending its shares up 9 percent in pre-market trade. For full story, click here
The Indian market is paying the highest prices at present for South African spot coal. For full story, click here
Peak agricultural lobby group Agforce has backed Queensland farmers who are battling coal miners planning to dig up their prime agricultural farmland. For full story, click here
IANS declared that 250 proposals to divert 50,818 hectares of protected forest land have been approved by the government since the forest Act was passed in 1980. For full story, click here
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