Steel, cement and power companies, which have traditionally relied on cheap Indonesian coal to fuel their factories, are rushing to purchase South African coal—hitherto a premium commodity—attracted by a sharp slip in prices. For full story, click here
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.
Coal miner New Hope Corporation revealed that its full-year profit guidance has delivered a boost in earnings for the half on higher commodity prices. For full story, click here
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