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
Continue reading "Patriot Coal has restructured supply deal with key client"
Tuesday, April 28, 2009
Arch Coal Inc.’s bleak first-quarter earnings, dismal 2009 profit outlook and output cuts sent shares tumbling for the second straight day and prompted two analysts to cut the coal company’s price target. For full story, click here
Continue reading "Arch Coal dips on dismal Q1 results, 2009 outlook"
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"
Tuesday, March 24, 2009
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
Continue reading "Coal miner New Hope declared rise in earnings"
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Monday, June 15, 2009