After a dark winter for Canadian coal producers, spring supply contract negotiations halfway around the world are providing a glimmer of light at the end of the mine shaft. As news of the pricing agreement filtered through the market last week, Canadian coal stocks have reaped the benefits.
Continue reading "Coal Sees Glimmer Of Light"
Tuesday, March 17, 2009
Coalcorp Mining Inc. revealed that it is providing its second Default Status Report in accordance with National Policy 12-203: Cease Trade Orders for Continuous Disclosure Defaults. For full story, click here
Continue reading "Coalcorp Mining provided updates on default status report"
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"
Thursday, November 27, 2008
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
Continue reading "Greenpeace report reveals global coal costs of €360 bn"
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Tuesday, March 31, 2009