Yanzhou Looks To Buy Vale SA’s Integra Property
Bloomberg reported that Yanzhou Coal (NYSE:YZC) is one of several groups interested in buying Vale's (EPA:VALE5) Australia-based Integra coal mine.
Articles Tagged "australia"
Lower Chinese Demand Hurts Newcastle Coal Prices
Bloomberg reported that coal prices at Australia's Newcastle terminal dropped to an 18-month low due to weak demand.
BHP Billiton to Shut Down Australian Coal Mine
Reuters reported that BHP Billiton (NYSE:BHP,ASX:BHP) is going to close its Norwich Park coal mine, located in Northeast Australia, as it has been losing money for the last few months.
Stanmore Coal Receives Grant from Japanese Government
Platts reported that Australia’s Stanmore Coal Ltd. (ASX:SMR) received a $1.23 million research grant from the Japanese government. The grant is intended to help develop Stanmore’s Range project in the Surat coal field.
Work Stoppage Expected at BHP’s Australian Coal Mines
Reuters reported that union workers are planning a work stoppage at BHP Billiton's (ASX:BHP) Australia coal mines.
Australia Coal Exports to Japan Returning to Pre-Disaster Levels
Platts reported that coal exports from Australia's PWCS terminals to Japan are increasing again following last year's earthquake and tsunami.
Court Rules in Favor of Xstrata’s Proposed Australian Coal Mine
Reuters reported that Xstrata (LSE:XTA) won a court case that challenged its plans to build the biggest coal mine in Australia.
Vietnam Seeks to Import Coal from Australia and Indonesia
Platts reported that state-owned Vinacomin is looking to secure Australian and Indonesian coal imports.
Peabody Lowers Earnings Forecast
Forbes reported that Peabody Energy (NYSE:BTU) cut its projected earnings, citing bad weather in Australia.
Taipower Considers Buying Australian Coal Asset
Bloomberg reported that Taipower may invest in Australian coal to secure fuel supply.
