China’s fourth leading coal producer is set to bid for Queensland coal miner, Felix Resources. The potential deal is the leading involving an Australian firm and a Chinese state-owned company since Chinalco’s failed bid to double its stake in Rio Tinto. For full story, click here
Continue reading "China Coal Bid will test Investment Review"
Friday, August 7, 2009
Chinese coal miners, led by China Shenhua Energy Co have sold more than half of a government quota for the fuel as of the end of May at higher prices after demand improved. For full story, click here
Continue reading "Chinese Miners Meet 65% of thermal Coal Sales Quota"
Sunday, July 12, 2009
RBC Capital Markets declared that the report of cancellation by a Chinese purchaser of an Australian coal cargo during shipment may not signal a slump in demand from power plant operators in the Asian nation. For full story, click here
Friday, July 10, 2009
The figures are daunting. Coal demand in the international market has been waning. International coal prices have been lingering at a low track from March to May, and statistics from China's customs shows that China's import of coal in May reached 9.43 million tonnes surging by 133.1 per cent year-on-year, which is also the highest level ever. But there are rays of hope elsewhere. Western Australia's miners have recorded their fifth consecutive month of growth, and UAE's Coal & Oil Group is planning to invest around $300 million to buy new ships and to acquire coal mines.
Continue reading "Alarm Bells Ring For Coal Imports"
Friday, June 19, 2009
Japanese utilities have agreed 2009 thermal coal contracts with Chinese producers at $78.50 a tonne, dip about 46 percent from a year ago but above initial asking prices from China. For full story, click here
Continue reading "Japanese Utilities firms to purchase '09 Chinese Coal $78.50 T"
Wednesday, June 17, 2009
Chinese steel companies have raised steel production this year, due to the Government’s 4 trillion yuan stimulus package for construction of housing, roads and railroads. Shane Stephan, chief development officer, officer: The metallurgical coal market is showing tentative signs of recovery with renewed customer interest. For full story, click here
Continue reading "Macarthur: Demand for Coking Coal has shown recovery"
Wednesday, April 29, 2009
Yanzhou Coal Mining, a Chinese coal producer declared that its Q1 net profit has been down by 48.5%. For full story, click here
Continue reading "Yanzhou Coal Mining reported Q1 net profit dipped 48.5%"
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.
Tuesday, August 11, 2009