Articles Tagged "expectations"

BHP Billiton declared 2009 steel-making coal prices slipped 58%

Global miner BHP Billiton has agreed to take a 58 percent price cut for the coal it sells to major steel-makers, in line with market expectations and a sharp dip in the international steel industry. Sydney-based Patersons Securities coal analyst Andrew Harrington stated: We had assumed 60 percent decline. For full story, click here

James River Coal Q1 profit beat expectations

James River Coal Co’s quarterly profit has beaten expectations, boosted by a 73 percent surge in the average price of Central Appalachian coal, but it would adjust production volumes to keep pace with the softness in the coal market. Chief Operating Officer C.K. Lane stated: In response to the weak coal markets, we are continuing [...]