Coal Investing News» investing news

AFS, Approved Fuel Supplier for BHP

Mike Rodger — Sat, 22 May 2010 02:18:01 +0000

The coal export giant, BHP Billiton’s Douglas-Middelburg optimisation (DMO) project has contracted AFS Group (Pty) Ltd to supply its fuel monitoring technologies and expertise to BHP. AFS have been supplying for all all of BHP’s collieries and will now include the DMO project site. AFS Group GM Pradil Maharaj is quoted saying: ” We oversee [...]

Maharashtra Asking for $3.35 Million on T coal imports

Mike Rodger — Tue, 11 May 2010 00:00:11 +0000

Indian utility Maharashtra State Electricity Board (MSEB) is looking for any coal supplier to send 3.35 million tonnes of imported coal to supply its five power plants. A major Indian trader said during an interview, “MSEB is in the market for a large tonnage, National Thermal Power Corp. will be tendering for at least 14 [...]

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: The Dark Horse In Waiting

Mike Rodger — Wed, 21 Oct 2009 17:40:48 +0000

Demand for coal to generate electricity and make steel in China and India is expected to grow by 7-8% annually in the next five years, leaving the world chronically short of the fuel. Moreover, currencies linked to coal have outperformed both their emerging market and G-10 peers.

Alarm Bells Ring For Coal Imports

Mike Rodger — Fri, 10 Jul 2009 08:36:23 +0000

The figures are daunting. Coal demand in the international market has been waning. International coal prices have been lingering at a low track from March to May, and statistics from China's customs shows that China's import of coal in May reached 9.43 million tonnes surging by 133.1 per cent year-on-year, which is also the highest level ever. But there are rays of hope elsewhere. Western Australia's miners have recorded their fifth consecutive month of growth, and UAE's Coal & Oil Group is planning to invest around $300 million to buy new ships and to acquire coal mines.

Coal Sees Glimmer Of Light

Mike Rodger — Tue, 31 Mar 2009 12:12:55 +0000

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.

China increases coal imports

Mike Rodger — Tue, 17 Mar 2009 20:13:15 +0000

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

Coal: Bullish On The Long Term

Mike Rodger — Fri, 13 Feb 2009 16:24:15 +0000

We are into the second half of the second month of 2009 and pressure on coal prices have not eased. While the long-term outlook in this sector remains strong, thanks to strong fundamentals, spot prices continue to be under pressure. The reasons are being cited as high utility coal inventories, lower demand for electricity and competition from natural gas.

Major cuts to coking coal prices

Mike Rodger — Thu, 05 Feb 2009 05:01:51 +0000

Rio Tinto recently gave a big break to JSW Steel Ltd. on an existing contract. The mining major’s move to cut its coking coal prices for the Indian company by 43 percent are a dark sign of things to come for coking coal miners.

Will Peabody ride the coal bull again?

Mike Rodger — Thu, 29 Jan 2009 02:07:13 +0000

There’s no denying the worldwide recession has led to global cutbacks in the demand for most commodities, coal included. Coal producers like Peabody Energy have been forced to curtail production as demand slumps from both the steel industry and the energy sector.