Tag Archive | "coal mining companies"

Puda Coal Updates Coal Mine Projects

Monday, February 7, 2011

Puda Coal (AMEX:PUDA) is planning several mine acquisitions and consolidations in China. The article is quoted as saying: Shanxi Puda Coal Group Co. Inc. (“Shanxi Coal”), a 90% subsidiary of the Company, is approved by the government to acquire nine thermal coal mines in Pinglu County and consolidate them into five mines. To access the [...]

Coal: Bullish On The Long Term

Friday, February 13, 2009

We are into the second half of the second month of 2009 and pressure on coal prices have not eased. While the long-term outlook in this sector remains strong, thanks to strong fundamentals, spot prices continue to be under pressure. The reasons are being cited as high utility coal inventories, lower demand for electricity and competition from natural gas.

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