Puda Coal Inc a supplier of China’s high grade metallurgical coking coal used to make coke for the purposes of steel manufacturing announced its financial results for the quarter ended June 30th 2009. Mr Liping Zhu, president & CEO of Puda Coal, stated: We experienced lower demand during the second quarter of 2009, as the [...]
Shares of coal companies tumbled on Tuesday following bleak second-quarter results and disappointing production guidance by one of the world’s leading coal producers. For full story, click here
Coal stocks dipped across the board Wednesday after a pileup of bleak economic news sent investors scurrying, worried that a reversal of the market’s rally will translate to more pullback in demand for basic materials. For full story, click here
Shares in Bisichi Mining, the UK miner with direct coal mining operations in South Africa announced that it gained 5.7 percent after the company posts a record set of full-year results, with Numis Securities keeping its buy recommendation on the stock. For full story, click here
Westmoreland Coal Company announced a net loss applicable to common shareholders of USD 49.9 million for 2008 as compared to the net loss of USD 23.2 million for 2007. Mr Keith E Alessi, Chairman & CEO of Westmoreland, said: In the face of an unprecedented and difficult business environment, we took steps to address issues [...]
James River Coal Company reported that it had incurred a net loss of USD 33.6 million or USD 1.26 per fully diluted share for the Q4 of 2008 and a net loss of USD 96.0 million or USD 3.91 per fully diluted share for the year ended December 31st 2008. For full story, click here
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