Coal Investing News» australia

Queensland Coal Port Expansion Scaled Down

Jessica Oman — Mon, 21 May 2012 15:23:38 +0000

Reuters reported that expansion of the Abbot Point coal port would be significantly scaled back.

Yanzhou Looks To Buy Vale SA’s Integra Property

Jessica Oman — Thu, 10 May 2012 03:28:59 +0000

Bloomberg reported that Yanzhou Coal (NYSE:YZC) is one of several groups interested in buying Vale's (EPA:VALE5) Australia-based Integra coal mine.

Lower Chinese Demand Hurts Newcastle Coal Prices

Jessica Oman — Wed, 02 May 2012 19:14:34 +0000

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

Charlotte McLeod — Wed, 11 Apr 2012 17:58:13 +0000

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

Charlotte McLeod — Tue, 10 Apr 2012 19:28:04 +0000

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

Jessica Oman — Thu, 05 Apr 2012 19:37:12 +0000

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

Jessica Oman — Tue, 03 Apr 2012 00:03:56 +0000

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

Jessica Oman — Tue, 27 Mar 2012 22:19:18 +0000

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

Jessica Oman — Mon, 26 Mar 2012 15:55:41 +0000

Platts reported that state-owned Vinacomin is looking to secure Australian and Indonesian coal imports.

Peabody Lowers Earnings Forecast

Jessica Oman — Fri, 23 Mar 2012 18:06:35 +0000

Forbes reported that Peabody Energy (NYSE:BTU) cut its projected earnings, citing bad weather in Australia.