Anglo Puts Brakes on Power Project
Mining Weekly reported that a power project that was being facilitated by Anglo American has been deferred, in light of the recent downturn in the platinum sector
Articles Tagged "coal news"
Feasibility Study Finds Stanmore Coal’s Range Project Viable
Mining Weekly reported that a recently completed feasibility study for Stanmore Coal's the Range project in Queensland supports the technical and economic viability for the project.
Undeveloped Coal Assets Threaten Climate Change, Weaken Investment
The Sydney Morning Herald reported that investors in companies with coal assets should consider the potential future deflating of these assets as pressure to cut emissions mounts, according to a new report.
Patriot Coal Set for Court Fight To Terminate Benefits for Miners, Retirees
NASDAQ.com reported that the court case for Patriot Coal to remove itself from obligations to its unionized miners and retirees is set to begin next week.
Coal Gasification Viable Method of Accessing Difficult Coal Reserves
Mining Weekly reported that coal gasification has become a legitimate, viable method of accessing deep, otherwise unrecoverable coal reserves, according to the International Energy Agency Clean Coal Centre. As quoted in the market report:
Cliffs Natural Resources Stock Price Rises 18 Percent on Strong Profits
CNBC reported that Cliffs Natural Resources' stock price jumped close to 18 percent on Thursday after they reported stronger than expected profits for the first quarter.
Corsa Coal Increases 2013 Sales Guidance
Corsa Coal Corp. (TSXV:CSO) announced its financial results for Q1, including production results and adjustment to sales forecasts
Northfolk Southern Relies on Transport of Other Goods to Beat Analyst Estimates
CNBC reported that Norfolk Southern beat analyst estimates with their Q1 results, mostly due to transporting non-coal items.
Lower Coal Prices to Blame for Teck’s 40 Percent Drop in Q1 Profits
Reuters reported that Teck reported a 40 percent drop in first-quarter profit, blaming lower coal prices. As quoted in the Reuters report: Teck warned in February that demand for coal would be soft through at least the first half of 2013. The company said economic uncertainty in Europe and the United States, along with lower [...]
Chinese Coal Imports Rebound After Two Consecutive Months of Decline
Reuters reported that Chinese coal imports for March rose by 13.3 percent, marking the first rise after two consecutive months of decline, but are still significantly down from the end of last year.
