Arch Coal’s cash purchase of International Coal Group this week represents what is expected to be commonplace within the metallurgical coal scene in 2011: an M&A revival.
Continue reading "American Coal Landscape in Merger and Acquisition Revival"
Thursday, July 23, 2009
Canada's biggest generator of energy has launched a $1.5 billion hostile bid for the country's leading developer of clean power, including the two largest wind farms in Ontario. TransAlta Corp.'s proposed acquisition of Calgary-based Canadian Hydro Developers Inc. could well pave the way for more acquisitions.
Continue reading "Coal Cruises To A New Level"
Tuesday, June 16, 2009
Chinese coal trader China Qinfa Group is planning an US$ 81 million (HK$630 million) Hong Kong IPO, for investment in new production facilities. The company is set to sell 250 million shares at a range of HK$2 to HK$2.52 per share, representing a 2008 price-to-earnings multiple of 7.5 to 9.5. Also, Alpha Natural Resources Inc (ANR.N) is to acquire Foundation Coal Holdings Inc (FCL.N) for $1.5 billion in an all-stock deal to create the third-largest U.S. coal producer, signaling an expected wave of consolidation in the fragmented industry.
Continue reading "China Sees Coal In New Light"
Thursday, June 4, 2009
Though the world economy continues to remain frail, more and more production is coming on line and mines are being developed. And as factories begin to open rather than close, and for all the new nuclear power plants being foreshadowed, there will be an enormous demand for thermal coal. A false dawn?
Continue reading "Rip Might Show In Coal Supply/Demand"
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.
Continue reading "Coal: Bullish On The Long Term"
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Thursday, May 5, 2011