The Australian reported that BHP's and Rio Tinto's contracts with China and Japan for iron ore and coking coal are about to be renegotiated.
Continue reading "China’s Energy Demands Fuel Bonanza for BHP and Rio"
Thursday, October 1, 2009
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.
Continue reading "Rio Tinto's Debt Gamble, BHP Builds"
Thursday, August 6, 2009
BHP Billiton Ltd, the world’s leading mining company, has had a berth at the Hay Pt. coal terminal blocked by a Greenpeace ship, the activist group said, a day after protesters forced loading to be stopped. For full story, click here
Wednesday, August 5, 2009
BHP Billiton, the world’s largest mining company, halted loading at the Hay Pt. coal terminal in Australia’s Queensland state because of disruption by Greenpeace protesters. For full story, click here
Continue reading "BHP Billiton declared loading at Coal Terminal Stopped by Protest"
Thursday, July 23, 2009
BHP Billiton, the world’s leading mining company, declared that it would spend $260 million to expand output at the Mt. Arthur thermal coal mine in Australia by 30 percent amid a rebound in demand. For full story, click here
Continue reading "BHP Billiton will expand Mt. Arthur Thermal Coal Mine"
Friday, June 26, 2009
About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd. For full story, click here
Continue reading "Indonesia Investors has eyed BHP Billiton Coal Project"
Wednesday, June 10, 2009
Global miner BHP Billiton has agreed to take a 58 percent price cut for the coal it sells to major steel-makers, in line with market expectations and a sharp dip in the international steel industry. Sydney-based Patersons Securities coal analyst Andrew Harrington stated: We had assumed 60 percent decline. For full story, click here
Continue reading "BHP Billiton declared 2009 steel-making coal prices slipped 58%"
Friday, May 8, 2009
BHP Billiton Mitsubishi Alliance declared that it will partly close its Norwich Park coal mine in Australia’s Queensland state for one month beginning in June. For full story, click here
Continue reading "BHP Billiton Mitsubishi will partly close Norwich Coal Mine"
Monday, April 6, 2009
Coal India has recruited 343 freshers from prestigious IITs and IIMs in the current placement season, more than double the number it had hired last season, even as its global peers like Rio Tinto and BHP Billiton have cut jobs amid global economic slump. Coal Chairman Partha S Bhattacharyya stated: We have hired 343 professionals [...]
Continue reading "Coal India recruited 343 freshers this season"
Thursday, March 26, 2009
BHP Billiton Ltd has slashed nearly 400 jobs held by outside contractors at coal mines in Australia. For full story, click here
Continue reading "BHP Billiton laid off 400 coal mine workers"
CoalInvestingNews.com maintains a focus on Coal exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
The Coal Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Get our exclusive independent commentary on coal trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Monday, February 28, 2011