2011 Coal Market Trends
While 2011 was not as radiant as its long term coal projections, both thermal and coking coal markets saw consistent production and consumption growth.
While 2011 was not as radiant as its long term coal projections, both thermal and coking coal markets saw consistent production and consumption growth.
Platts reported that the global operations headquarters of Peabody Energy (NYSE:BTU) will be relocated to Brisbane.
Peabody Energy (NYSE:BTU) and ArcelorMittal (NYSE:MT) have now removed all conditions of their takeover of Macarthur Coal (ASX:MCC).
MarketWatch reported that Peabody (NYSE:BTU) and ArcelorMittal's (NYSE:MT) bid to take over Macarthur Coal (ASX:MCC) was extended for two more weeks.
Peabody Energy (NYSE:BTU) and ArcelorMittal (NYSE:MT) announced that China has approved the companies' takeover of Macarthur Coal (ASX:MCC).
Platts reported that Peabody Energy Corp. (NYSE:BTU) will market coal to Asia in a joint venture agreement with Winsway (HKG:1733).
In the wake of the turbulence surrounding Ivanhoe Mines Ltd share in Mongolia’s Oyu Tolgoi copper and gold mine, uncertainty remains as Mongolia aims to bring its massive untapped coal to the world.
Platts reported that Peabody Energy (NYSE:BTU) and ArcelorMittal (NYSE:MT) are still waiting for Chinese approval for their takeover of Macarthur Coal (ASX:MCC).
CNBC News reported that Peabody Energy (NYSE:BTU) is seeking renewal of a coal mining permit in Arizona.
The Bedford Report released research on Patriot Coal (NYSE:PCX) and Peabody Energy (NYSE:BTU).
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