India is on a coal buying spree ad the nation is scrambling to cover an expected shortfall in domestic supply. Coal majors are entertaining all levels of deals, from minority stakes in mines to becoming an operator. Many are chasing stakes in large-scale mines of 10 million to 15 million tonnes a year. Also being eyed are mid-sized thermal coal blocks in Australia.
Continue reading "India Seeks Coal"
Thursday, April 30, 2009
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
Continue reading "Bisichi Mining gained 5.7 percent"
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Wednesday, September 16, 2009