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 Rio Tinto's (NYSE:RIO) hard coking coal production is up substantially on the year.
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.
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.
Finding ways to assess and interpret climate impacts on coal companies and markets is increasingly necessary in order for investors to reap the opportunities that come with a changing climate, and not remain passive in the face of change.
Industrial Info Resources announced that Queensland's flooding will prevent many coal-mining companies to be able to deliver on their deadlines
Bloomberg.com reports that International Coal Ventures may be considering a bid for Riversdale Mining (ASX:RIV)- in competition with a recently placed bid from Rio Tinto. (NYSE:RIO)
The Financial Post.com reports that Rio Tinto (NYSE:RIO) has offered to buy coal miner Riversdale (PINK:RFLMF) for $3.9 B.
Bloomberg.com reports that coal output is being interrupted at Xstrata PLC (LON:XTA) and Rio Tinto's (NYSE:RIO) Australian coal mines because of extreme weather.
Mining Weekly.com reports that Coal of Africa (ASX:CZA) intends to buy the Chapudi Coal project from Rio Tinto (NYSE:RIO).
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