John Wallington who joined Firestone in November to lead the bankable feasibility study (BFS) of the Waterberg coal project in South Africa has announced that it would now step down coal junior Firestone Energy MD. Firestone is quoted saying: “Wallington will continue to be a board member and will devote such time as is necessary [...]
Continue reading "Wallington Steps Down as Firestone MD"
Friday, May 21, 2010
The coal export giant, BHP Billiton’s Douglas-Middelburg optimisation (DMO) project has contracted AFS Group (Pty) Ltd to supply its fuel monitoring technologies and expertise to BHP. AFS have been supplying for all all of BHP’s collieries and will now include the DMO project site. AFS Group GM Pradil Maharaj is quoted saying: ” We oversee [...]
Continue reading "AFS, Approved Fuel Supplier for BHP"
Monday, May 10, 2010
Indian utility Maharashtra State Electricity Board (MSEB) is looking for any coal supplier to send 3.35 million tonnes of imported coal to supply its five power plants. A major Indian trader said during an interview, “MSEB is in the market for a large tonnage, National Thermal Power Corp. will be tendering for at least 14 [...]
Continue reading "Maharashtra Asking for $3.35 Million on T coal imports"
Thursday, April 15, 2010
By Desmond McMahon—Exclusive to Coal Investing News Analysts expect coal prices to continue to rise after a strong first quarter performance with demand from China and the United States putting increased pressure on limited supply. And, The World Bank approved funding for a massive coal-burning plant in South Africa. Steel-making coal prices jumped 22 percent [...]
Continue reading "Coal Supply Tightens"
Monday, September 21, 2009
Coal prices have risen 30 per cent from their low in March. However, for the second half of 2009, there are still risks of tight coal supply. In China, many domestic producers have arbitraged the low offshore prices with higher onshore prices, which has made demand look stronger than it was. So, correction is expected in the new two months. However, strong demand for thermal coal in China and India is expected to help Asia avoid the first fall in imports for a decade this year, and push import growth even higher in 2010.
Continue reading "Back In The Black"
Tuesday, March 31, 2009
After a dark winter for Canadian coal producers, spring supply contract negotiations halfway around the world are providing a glimmer of light at the end of the mine shaft. As news of the pricing agreement filtered through the market last week, Canadian coal stocks have reaped the benefits.
Continue reading "Coal Sees Glimmer Of Light"
Wednesday, February 4, 2009
Rio Tinto recently gave a big break to JSW Steel Ltd. on an existing contract. The mining major’s move to cut its coking coal prices for the Indian company by 43 percent are a dark sign of things to come for coking coal miners.
Continue reading "Major cuts to coking coal prices"
Wednesday, January 28, 2009
There’s no denying the worldwide recession has led to global cutbacks in the demand for most commodities, coal included. Coal producers like Peabody Energy have been forced to curtail production as demand slumps from both the steel industry and the energy sector.
Continue reading "Will Peabody ride the coal bull again?"
Thursday, January 15, 2009
Supply and demand of coal is expected to be a bit more important in 2009, with the almost irrational movement along with crude oil turning out to be less of an influence.
Continue reading "Coal and Oil – the Rise and Fall"
Wednesday, December 10, 2008
Along with most in the commodity sector, the coal industry will likely take a hit in 2009, but many analysts are confident that coal demand along with prices will rebound in 2010. As energy demand from developing countries like China and India recovers, we’ll once again see upward movement in the coal price.
Continue reading "Coal: Future outlook remains strong"
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Friday, May 21, 2010