Bloomberg reported that its analysts believe that Xstrata plc (LSE:XTA) is set to sell coal to Japan at $98 per metric ton, the lowest level seen in three years, beginning April 1, 2013.
Articles Tagged "lse:xta"
Problems for the coal sector continue, stemming from a supply glut and reduced demand in key consuming markets. However, the head of the world's largest thermal coal exporter says the bottom of the market has been reached, and that prices should begin rising again after year-end.
Mineweb reported that Rio Tinto (ASX:RIO), Xstrata (LSE:XTA) and BMA, an alliance between BHP Billiton (ASX:BHP) and Mitsubishi (TSE:8058), have all cut, or are planning to cut, contract workers at coal mines in Queensland, Australia.
A look at why this up-and-coming coal region is attracting the attention of major multinational mining companies — and how coal investors can profit.
Reuters reported that Xstrata (LSE:XTA) won a court case that challenged its plans to build the biggest coal mine in Australia.
Reuters reported that Xstrata (LSE:XTA) will sell Canadian coking coal to Japan in a joint venture with JX Nippon.
Bloomberg reported that Xstrata (LSE:XTA) is purchasing Sukunka Coal for half a billion dollars.
Reuters reported that the merger of Xstrata (LSE:XTA) and Glencore (LSE:GLEN) will only make their long-time collaboration more formal.
While 2011 was not as radiant as its long term coal projections, both thermal and coking coal markets saw consistent production and consumption growth.
Bloomberg reported that a mining worker strike is having a significant impact on Xstrata's (LSE:XTA)South African operations.