Macauhub declared that over 1.7 billion tonnes of coal may be mined at an open-air mine at Benga in Mozambique’s Tete province as of 2010. For full story, click here
Continue reading "Open Cast Coal Mine in Benga will begin operating in 2010"
Monday, March 2, 2009
Coal stocks have been hit hard in this recession, given slumping electricity demand in the U.S. and the sharp drop-off of steel demand. For shareholders of Patriot Coal Corp (PCX: NYSE), the pain has been particularly acute. The stock lost 96 per cent of its value since last June's record highs. This year alone, Patriot's stock is down 41 per cent versus a 1 per cent decline by the Dow Jones U.S. Coal Index.
Continue reading "Coal Stocks Swing"
Friday, November 21, 2008
Department of Energy awarded a coal operating contract 152 to Philippine National Oil Co.-Exploration Corp and Agusan Petroleum and Mineral Corp. to explore a possible coal mine in Siay, Zamboanga Sibugay. For full story, click here
Continue reading "Dept of Energy gave coal operating contract to Philippine National"
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Thursday, June 11, 2009