Czech Coal has Filed Protest Over Intl Power Asset Sale
Mining group Czech Coal filed a complaint on Monday against the sale of Czech assets of International Power, declared it could harm the coal and electricity markets. For full story, click here
Articles Tagged "assets"
Coal Sees Glimmer Of Light
After a dark winter for Canadian coal producers, spring supply contract negotiations halfway around the world are providing a glimmer of light at the end of the mine shaft. As news of the pricing agreement filtered through the market last week, Canadian coal stocks have reaped the benefits.
Straits Resources sits pretty on coal sale
Straits Resources revealed that it has just sold its stake in its coal assets to Thailand’s PTT International Company for $US335 million. For full story, click here
Coal India has set its eyes on mining assets in Australia
After obtaining mineral concessions for two mining blocks in Mozambique, Navratna public sector unit Coal India has now set its eyes on coal assets in Australia. For full story, click here
Coal Stocks Swing
Coal stocks have been hit hard in this recession, given slumping electricity demand in the U.S. and the sharp drop-off of steel demand. For shareholders of Patriot Coal Corp (PCX: NYSE), the pain has been particularly acute. The stock lost 96 per cent of its value since last June's record highs. This year alone, Patriot's stock is down 41 per cent versus a 1 per cent decline by the Dow Jones U.S. Coal Index.
ICVL identifies coal assets abroad
International Coal Ventures Limited (ICVL), a special purpose vehicle (SPV) floated by five public sector undertakings, including Coal India Limited (CIL), has identified some coal assets in Australia, Mozambique, the US and Indonesia for acquisition, a top CIL official told Business Standard. For full story, click here
