BHP, Xstrata, Anglo Coal Operations Hit by South African Rains
Bloomberg.com reports that BHP (NYSE:BHP), Xstrata (LON:XTA), Anglo (PINK:AGPPY) Coal 's coal shipments are all being impacted by heavy rain in South Africa
Articles Tagged "bhp billiton"
Coal Market Leaps To Life
Coal prices firm up.
Coal Showing The Way In Australia
There is a real, physical demand for commodities and coking coal price is expected to jump by 36% in 2010, forecast analysts.
Coal Prices To Jump 10% In 2010
Coal companies are locking in some advantageous deals, as the broad economy juggernaut rallies forth. Look out for coal stocks in 2010.
Rio Tinto's Debt Gamble, BHP Builds
Arch Coal has completed the acquisition of Rio Tinto's Jacobs Ranch coal mine for $764 million. For Rio Tinto, under tremendous pressure to reduce its $42-billion debt, the selling spree has just got underway. Meanwhile, rival BHP Billiton is sitting pretty with $18 billion in cash, and is eyeing 5 acquisitions. So is Western Coal.
Coking coal price cuts
The metallurgical coal industry is set to face significant declines in price, according to analyst’s forecasts. Bloomberg conducted a survey of a nine-analyst panel whose median forecast placed the price of coking coal at $200 a tonne by April 2009. The individual forecasts ranged from $140 to $305 a tonne.
