Arch Coal Inc, one of the world’s biggest coal producers, declared that it has launched an offering of stock and notes to help fund its purchase of a Wyoming mining complex. For full story, click here
Articles Tagged "stock"
Worried over the dwindling coal stock at thermal power plants, Punjab State electricity board would take up the matter with Coal India Limited. For full story, click here
It is declared that high grade mixed coal with 6,000 calorie per kilogram at Qinhuangdao port, China’s leading coal port, has dipped further by CNY 10 per tonne to CNY 600 per tonne to CNY 620 per tonne making the combined dipping range in the last month at about 3.1%. In the meantime, coal stock [...]
The U.S. Interior Department has said it will try to overturn a Bush administration rule that made it easier for coal mining companies to dump mountaintop debris into valley streams. The action is the latest blow to the coal industry, which defends mountaintop mining as a safer, cheaper alternative to traditional underground mining.
China’s main stock index surged 1.5 percent in active turnover on Thursday, led by coal shares, gaining for a fourth day in a row as ample liquidity courses through China’s capital markets. For full story, click here
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.
Supply and demand of coal is expected to be a bit more important in 2009, with the almost irrational movement along with crude oil turning out to be less of an influence.
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