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.
Yanzhou Coal Mining Co.’s talks to take over Felix Resources Ltd, whose stock rose 9 percent last year, suspended after price disagreements between the two. Huo Teh-ming professor of China Center for Economic Research at Peking University, said: While China is encouraging its companies to spend more on commodities and energy assets overseas, these acquisitions [...]
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