Greenpeace report reveals global coal costs of €360 bn
Greenpeace today released an analysis showing that the global cost of coal was at least €360 billion last year alone. For full story, click here
Articles Tagged "price"
BHP pulls out Rio bid as commodities crash
BHP Billiton abandoned its year-long pursuit of Rio Tinto Group, blaming the rout in commodities prices and the credit-market squeeze for derailing the biggest hostile offer. For full story, click here
Coal India has more coal for e-auction than demand
The largest coal mining company of the country, Coal India Ltd (CIL), has more coal to offer through e-auctions than the actual demand, according to a company official. For full story, click here
Coal price slumps in China
It is reported that, owing to the world economic recession, coal demand continues to slide and coal price slumps, too. The stock price of coal enterprises has pointed to the downside. For full story, click here
Teck Drops to Lowest in 20 Years
Teck Cominco dropped to the lowest price in 20 years after announcing it would halt dividends and cut spending to repay debt from last month’s purchase of Fording Canadian Coal Trust. For full story, click here
Yanzhou Coal Mining shows little signs of stock rally
The company’s stock was up significantly in the beginning of June, after Yanzhou implemented 5:1 reverse split, but has been on a fall note. For full story, click here
China to strengthen coal price cap enforcement
China will bolster enforcement of its price cap on thermal coal to curb prices of the fuel. The official China Securities Journal reported: The National Development and Reform Commission (NDRC), the country’s powerful economic planning body, also foresees tighter coal supplies in central and southwestern China as hydropower generation falls in the winter. For more [...]
Russia anti-trust body demands Mechel to reduce coal price
Igor Artemyev, Head of Russia’s anti-trust body, said: Russian miner Mechel should significantly cut the price at which it sells coking coal to domestic steel makers and in return will receive a “less than average” fine. Click here for more information. Click here to visit company’s website.
Coaling Station: August 12
Welcome to the Coaling Station, your online recap of what’s happening in the global coal industry. We are hoping to have a new edition twice a week, depending on sector activity.
Indonesia to fix monthly coal price
Bloomberg reported that Indonesia will fix a monthly benchmark price for domestic and overseas sales of coal. For full story, click here
