Coal Investing News» commodities

Wallington Steps Down as Firestone MD

Mike Rodger — Sat, 22 May 2010 02:27:47 +0000

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 [...]

AFS, Approved Fuel Supplier for BHP

Mike Rodger — Sat, 22 May 2010 02:18:01 +0000

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 [...]

Maharashtra Asking for $3.35 Million on T coal imports

Mike Rodger — Tue, 11 May 2010 00:00:11 +0000

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 [...]

Coal Supply Tightens

Mike Rodger — Fri, 16 Apr 2010 00:18:52 +0000

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 [...]

Back In The Black

Mike Rodger — Tue, 22 Sep 2009 07:32:09 +0000

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.

Coal Sees Glimmer Of Light

Mike Rodger — Tue, 31 Mar 2009 12:12:55 +0000

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.

Major cuts to coking coal prices

Mike Rodger — Thu, 05 Feb 2009 05:01:51 +0000

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.

Will Peabody ride the coal bull again?

Mike Rodger — Thu, 29 Jan 2009 02:07:13 +0000

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.

Coal and Oil – the Rise and Fall

Mike Rodger — Thu, 15 Jan 2009 17:39:58 +0000

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.

Coal: Future outlook remains strong

Mike Rodger — Thu, 11 Dec 2008 02:00:08 +0000

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.