BHP Coal Miners To Strike
Reuters reported that coal miners at one of BHP Billiton's (NYSE:BHP) coal mines are planning a strike.
Reuters reported that coal miners at one of BHP Billiton's (NYSE:BHP) coal mines are planning a strike.
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.
Reuters reported that union workers are planning a work stoppage at BHP Billiton's (ASX:BHP) Australia coal mines.
Bloomberg reported that first half profits for BHP Billiton (NYSE:BHP) were down on increases to costs and lower production.
Reuters reported that a joint venture between BHP Billiton (NYSE:BHP) and Mitsubishi Corp (NYSE:MTU) will invest in the expansion of coal mining in Australia.
Reuters reported that rumours Walter Energy (NYSE:WLT) could be taken over by BHP Billiton (NYSE:BHP) boosted the company's shares.
Various natural disasters, coupled with continued demand growth from emerging markets, have supported strong prices of both thermal and metallurgical coal markets in 2011, but expect prices to slide in Q4.
Reuters Africa reported that Optimum Coal (JNB:OPT) is growing its portfolio with the purchase of two prospecting rights from BHP Billiton (NYSE:BHP).
Reuters.com reports that, as Australia prepares to be hit by another natural disaster, BHP (NYSE:BHP) and Peabody Energy (NYSE:BTU) have closed coal mines.
Bloomberg.com reports that BHP Billiton (NYSE:BHP) expects that coal production will be impacted by recent Australian flooding
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