Coal Investing News» industry

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 [...]

Coal Blocks for Companies Setting Up End-Use Industry

Mike Rodger — Fri, 14 Aug 2009 15:41:14 +0000

The government is planning to incorporate a provision in the proposal for auction of coal blocks, under which preference would be given to companies, which were willing to set up end-use industries in the State in which they would mine coal. For full story, click here

B.C. Miners ride high coal prices to record 2008 profits

Mike Rodger — Wed, 06 May 2009 16:33:01 +0000

B.C.’s mining industry has posted record profits in 2008 primarily on the strength of coal but 2009 is not shaping up as well. For full story, click here

U.S Coal Miners see higher profits despite dwindling price

Mike Rodger — Wed, 15 Apr 2009 11:25:33 +0000

While U.S. coal miners are likely to report strong quarterly profits this month, weak demand and a supply glut could hover the industry’s prospects for the rest of the year. For full story, click here

Zhengzhou Coal Industry issued RMB 1 bln in corporate bonds

Mike Rodger — Tue, 14 Apr 2009 14:50:52 +0000

Zhengzhou Coal Industry Group Co Ltd, a state-owned enterprise located in central China’s Henan Province, reported that it will issue corporate bonds worth RMB 1 billion. For full story, click here

Coal industry remain unaffected by price drop

Mike Rodger — Thu, 12 Mar 2009 13:15:36 +0000

A dip in the contract price of coal by 40 per cent is being shrugged off by the industry. However, it will make a multi-billion-dollar dent in national export revenues. PricewaterhouseCoopers mining analyst, Tim Goldsmith, said: You’ve got to look at the fact that last year prices pretty much doubled and in some cases tripled. [...]

Coal Stocks Swing

Mike Rodger — Mon, 02 Mar 2009 19:00:19 +0000

Coal stocks have been hit hard in this recession, given slumping electricity demand in the U.S. and the sharp drop-off of steel demand. For shareholders of Patriot Coal Corp (PCX: NYSE), the pain has been particularly acute. The stock lost 96 per cent of its value since last June's record highs. This year alone, Patriot's stock is down 41 per cent versus a 1 per cent decline by the Dow Jones U.S. Coal Index.

US to dominate the market agenda

Mike Rodger — Mon, 16 Feb 2009 16:35:27 +0000

China had dominated the metals market agenda the previous week but last week all eyes were on the world’s largest economy, the United States. For full story, click here

Coal industry has climate deal concerns

Mike Rodger — Mon, 02 Feb 2009 12:15:26 +0000

The coal industry is concerned it will not get enough financial assistance out of emissions trading. For full story, click here

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.