International Coal’s shares rise on takeover talk
Bloomberg.com reports that International Coal Group's (NYSE:ICO) shares were trading up, after reports that Massey Energy (NYSE:MEE) might be buying it.
Articles Tagged "international coal"
Hunt For Coal Gets Intense
The hunt for coal assets has never been so intense. India has 256 billion tonnes of coal reserves, of which around 455 mt per annum is mined. The country imports around 40 mt of coal. Demand is expected to reach around two billion tonnes a year by 2031-32, around five times the current rate of extraction. US has also put clean coal projects to the test with $27.6 million.
China increases coal imports
China has discovered a new coal field containing more than 13 billion tonnes of proven coal reserves in the northwestern region of Xinjiang, the China News Service reported on Monday. The 1,400 square-kilometre Sha'erhu coal field, located in the county of Shanshan in eastern Xinjiang
