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.
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 (NYSE:BTU) and ArcelorMittal (NYSE:MT) are still waiting for Chinese approval for their takeover of Macarthur Coal (ASX:MCC).
Various natural disasters, coupled with continued demand growth from emerging markets, have supported strong prices of both thermal and metallurgical coal markets in 2011, but expect prices to slide in Q4.
Peabody Energy (NYSE:BTU) and ArcelorMittal (NYSE:MT) announced their intention to bid for acquisition of Macarthur Coal (ASX:MCC).
Peabody Energy (NYSE:BTU) and ArcelorMittal SA (NYSE:MT) announced their joint intention to acquire Macarthur Coal (ASX:MCC).
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