Arch Coal Inc has sold $600 million of senior notes in the 144a private placement market, said IFR, a Thomson Reuters service. For full story, click here
Continue reading "New Arch Coal has sold $600 mln in 7 year notes"
Friday, June 12, 2009
Forward cargoes of coal sold at or below $70 per tonne on Thursday, easing slightly as plentiful European supply kept the near-term market under pressure despite a rally in the price of oil. For full story, click here
Continue reading "Euro Coal-Coal is easier on weak demand as Oil Surged"
Tuesday, June 9, 2009
Coal India declared that it has initiated dialogues with the government for its initial public offer and the navratna PSU could be listed soon as the market scenario has turned favourable. For full story, click here
Continue reading "Coal India has initiated dialogue for IPO"
Monday, April 6, 2009
Patriot Coal Corp. reported that it’s cutting another 2 million tons of southern West Virginia production due to weak market conditions. For full story, click here
Continue reading "Patriot Coal Corp. plans to cut output by 2mln tonnes"
Tuesday, March 31, 2009
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.
Continue reading "Coal Sees Glimmer Of Light"
Friday, March 20, 2009
ArcelorMittal, the world’s largest steel producer announced that it has considered halting operations at two of its three Russian coal mines bought last year from competitor OAO Severstal until market conditions improve. For full story, click here
Continue reading "ArcelorMittal to halt operations at two Russian coal mines"
Wednesday, March 4, 2009
The Indian government plans to throw open commercial coal mining activities in the country by allowing private companies to form JV with state run firms. For ful story, click here
Continue reading "Industry may get to mine & sell coal in open mkt: India"
Tuesday, February 17, 2009
Market is still not sure how and when the US economic stimulus plan would stir up the weakening demand. For full story, click here
Continue reading "Market not sure about US economic stimulus plan"
Monday, February 16, 2009
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
Continue reading "US to dominate the market agenda"
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Tuesday, July 28, 2009