Coal – CNBC reported that Cliffs Natural Resources' stock price jumped close to 18 percent on Thursday after they reported stronger than expected profits for the first quarter.
Articles Tagged "coal markets"
Coal – Mineweb reported that Rio Tinto's move to unload some of its assets, including coal assets, suggests that they are uneasy about long term coal prices.
Coal – Reuters reported that Japan is focusing on coal-powered energy as the yen is making oil and LNG cost-prohibitive.
Coal – Platts reported that coal exports for the month of February from Richards Bay surged by 29 percent.
Coal – Bloomberg reported that European coal has dropped to a record low as the balance of supply and demand move farther apart. As quoted in the market report:
Coal – Bloomberg reported that coal producer New World Resources is looking for a partner to help develop the Debiensko mine located in Poland.
Coal – Bloomberg reported that Bumi PLC's recent blocking of Nathaniel Rothschild's attempt to seize control of the board opens the door to severing ties with the Bakrie Family.
Coal – Bloomberg reported that Alpha Coal beat analyst estimates with fourth quarter results with a reduction in costs and an increase in exports.
Coal – Bloomberg reported that Whitehaven Coal stock price surged to a near two-month high on news that they have received approval to build the $789 million Maules Creek mine.
Coal – Reuters reported that coal producers in Europe are raising their prices on supply fears as Colombian miners prepare to go on strike.