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 mining"
Future of Rio Tinto’s Mount Thorley Warkworth Under Review After Court Decision
Coal – Reuters reported that Rio Tinto is mulling over the future of its Mount Thorley Warkworth minin Australia, after a court rejected their request to expand it. As quoted in the market report:
Mining Crucial to South Africa: Chamber of Mines
Coal – Mining Weekly reported that, despite reports to the contrary, the mining industry remains a crucial part of the South African economy, as there are a vast number of products and services that rely heavily on the minerals and resources mined there.
Firestone Energy Tells Shareholders To Reject Range River Bid
Coal – Mining Weekly reported that Firestone Energy is urging its shareholders to reject a hostile takeover offer from Range River Gold.
Teck Coal Facing Environmental Challenges at Elk Valley
Coal – The Globe and Mail reported that Teck is running up against some serious water pollution issues in Elk Valley, where contaminants are leaching out of their mine into the water and collecting in the eggs of the waterlife animals.
Striking Workers Injured in Clashes with Police at Shanduka Coal’s Graspan Colliery
Coal – Reuters reported that striking workers have been injured in clashes with police during labour unrest at Shanduka Coal's Graspan colliery in South Africa. As quoted in the market report: Seven workers were admitted to hospital and nine were arrested after the incident on Tuesday. Operations at Graspan remained suspended on Wedn
Directors Stage Mass Exodus from Bumi Resources
Coal – Bloomberg reported that 10 directors have resigned from Bumi Resources's board as the company works towards distancing itself from Bakrie Group and PT Bumi.
James River Coal Reports Biggest Loss in Eight Years
Coal – Bloomberg reported that James River Coal has announced their biggest loss in eight years and that they have been forced to idle five mines due to waning demand.
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.
Coalfield Resources’ Daw Mill Colliery Future Uncertain
Coal – Reuters reported that Britain's biggest coal miner, Coalfield Resources' Daw Mill Colliery has closed after a fire placing debt on future operations in the mine.
