Severoceske doly announces its Net Profit results for 2008
Top Czech brown-coal mining company Severoceske doly announced its after-tax profit worth Kc3.15bn last year, a rise by nearly 8 percent from Kc2.92bn in 2007. For full story, click here
Articles Tagged "profit"
Coal: Bullish On The Long Term
We are into the second half of the second month of 2009 and pressure on coal prices have not eased. While the long-term outlook in this sector remains strong, thanks to strong fundamentals, spot prices continue to be under pressure. The reasons are being cited as high utility coal inventories, lower demand for electricity and competition from natural gas.
Will Peabody ride the coal bull again?
There’s no denying the worldwide recession has led to global cutbacks in the demand for most commodities, coal included. Coal producers like Peabody Energy have been forced to curtail production as demand slumps from both the steel industry and the energy sector.
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.
Introduction to Coal Investing
If you are lucky, Santa Claus may leave a huge lump of coal in your stocking this year. With near-month futures contracts trading in the $120-$130 per ton range, the formerly shunned fuel is more valuable than ever.
Profit of China Coal up by 91% YoY in H1
China Coal Energy Co Ltd’s gross profits CNY increased by 90.6% YoY. to 7.2 billion in January to July, 2008. For full news, click here
