Cliffs Natural Resources Stock Price Rises 18 Percent on Strong Profits
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"
Rio Tinto’s Unloading of Coal Assets Suggest Weak Coal Prices, Long-Term
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.
Yen Forces Japan Towards Coal
Coal – Reuters reported that Japan is focusing on coal-powered energy as the yen is making oil and LNG cost-prohibitive.
Richards Bay February Exports Surge 29 Percent
Coal – Platts reported that coal exports for the month of February from Richards Bay surged by 29 percent.
Coal Supplies Ramp up, Push Coal to Record Low
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:
New World Resources Looking for Partner for Polish Mine
Coal – Bloomberg reported that coal producer New World Resources is looking for a partner to help develop the Debiensko mine located in Poland.
Path to Sever Ties with Bakrie Family Clean for Bumi
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.
Alpha Coal’s Fourth Quarter Results Beat Analyst Estimates
Coal – Bloomberg reported that Alpha Coal beat analyst estimates with fourth quarter results with a reduction in costs and an increase in exports.
Whitehaven Gains Approval to Build $789 Million Maules Creek Mine
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.
European Coal Producers Hike Prices in Advance of Colombian Strike
Coal – Reuters reported that coal producers in Europe are raising their prices on supply fears as Colombian miners prepare to go on strike.
