Coal Market Trends of 2010
Global demand for coal drove prices up in 2010, and this trend should continue in coming years, due in part to growing energy needs of the world’s two largest consumers of coal: India and China.
Articles Tagged "market"
New Arch Coal has sold $600 mln in 7 year notes
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
Euro Coal-Coal is easier on weak demand as Oil Surged
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
Coal India has initiated dialogue for IPO
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
Patriot Coal Corp. plans to cut output by 2mln tonnes
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
Coal Sees Glimmer Of Light
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.
ArcelorMittal to halt operations at two Russian coal mines
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
Industry may get to mine & sell coal in open mkt: India
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
Market not sure about US economic stimulus plan
Market is still not sure how and when the US economic stimulus plan would stir up the weakening demand. For full story, click here
US to dominate the market agenda
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
