Articles Tagged "xstrata"

Xstrata Coal H1 Production Update

Xstrata Coal’s output volumes for the six months to June 2009 surged by 4.2 million tonnes or 11% over the corresponding period in 2008. For full story, click here

Xstrata will restart Okay Coking Coal Mine

A central Queensland coal mine which closed last year will reopen. Xstrata has closed off the Oaky number one mine north-east of Emerald late last year, blaming a slump in demand for coking coal in China. For full story, click here

Rip Might Show In Coal Supply/Demand

Though the world economy continues to remain frail, more and more production is coming on line and mines are being developed. And as factories begin to open rather than close, and for all the new nuclear power plants being foreshadowed, there will be an enormous demand for thermal coal. A false dawn?

Obama To Reverse Bush Rule On Coal

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 increases coal imports

China has discovered a new coal field containing more than 13 billion tonnes of proven coal reserves in the northwestern region of Xinjiang, the China News Service reported on Monday. The 1,400 square-kilometre Sha'erhu coal field, located in the county of Shanshan in eastern Xinjiang

Coal Stocks Swing

Coal stocks have been hit hard in this recession, given slumping electricity demand in the U.S. and the sharp drop-off of steel demand. For shareholders of Patriot Coal Corp (PCX: NYSE), the pain has been particularly acute. The stock lost 96 per cent of its value since last June's record highs. This year alone, Patriot's stock is down 41 per cent versus a 1 per cent decline by the Dow Jones U.S. Coal Index.

Xstrata mines hit

Xstrata Ltd said on Wedenesday mining and transport operations were being disrupted by heavy rains in Australia’s Queensland state. For full story, click here