Court Rules in Favor of Xstrata’s Proposed Australian Coal Mine
Reuters reported that Xstrata (LSE:XTA) won a court case that challenged its plans to build the biggest coal mine in Australia.
Reuters reported that Xstrata (LSE:XTA) won a court case that challenged its plans to build the biggest coal mine in Australia.
Reuters reported that Xstrata (LSE:XTA) will sell Canadian coking coal to Japan in a joint venture with JX Nippon.
Bloomberg reported that Xstrata (LSE:XTA) is purchasing Sukunka Coal for half a billion dollars.
Bloomberg reported that a mining worker strike is having a significant impact on Xstrata's (LSE:XTA)South African operations.
Cline Mining Corp. (TSX:CMK) announced the sale of its Lossan coal deposit to Xstrata (LSE:XTA) for $40 million.
Bloomberg reported that Xstrata's (LON:XTA) first half profit was up on higher prices for coal and copper.
Mineweb reported that First Coal Corporation has received a purchase offer from Xstrata (LON:XTA).
Reuters.com reports that Xstrata's (LON:XTA) 2010 coal production fell by 6%.
Coal operations will be shut by a 48-hour strike during the weekend in Xstrata (XTA.L)
Demand for coal to generate electricity and make steel in China and India is expected to grow by 7-8% annually in the next five years, leaving the world chronically short of the fuel. Moreover, currencies linked to coal have outperformed both their emerging market and G-10 peers.
Get our independent commentary on coal trends and companies delivered to your inbox.