China is on the verge of signing a $1.6 billion deal within weeks which would transform Victorian brown coal into fertiliser but, more importantly, send a signal that China is still willing to do business in Australia. For full story, click here
South Korean shipper SK Shipping Co. declared that it had won a USD 100 million deal to ship coal for a power company. For full story, click here
Patriot Coal Corp. declared that a key metallurgical coal customer agreed to purchase the originally contracted volumes for the rest of the year, and that its second-quarter earnings would be largely driven by the deal. For full story, click here
Nippon Steel Corp., Japan’s largest mill has declared that it will pay up to 67 percent less for semi-soft coking coal this fiscal year. UBS AG analyst Atsushi Yamaguchi stated: The price cuts for all the varieties of coking coal will have roughly a 10,000 yen ($100) a ton cost benefit per one ton of [...]
CIL is all set to finalize the deals to develop 7 underground and 19 abandoned mines in next 6 month’s time. For full story, click here
Monday, July 13, 2009