Coal – Arch Coal’s cash purchase of International Coal Group this week represents what is expected to be commonplace within the metallurgical coal scene in 2011: an M&A revival.
Articles Tagged "coal producer"
Coal Investing News reports coal is at a new level. But Canadian Hydro is playing hard to get. TransAlta chief executive Steve Snyder said his company, based in Calgary, proposed the same transaction back in December and was promptly rebuffed, forcing it to go directly to Canadian Hydro’s shareholders. The proposed acquisition is set to [...]
Coal Investing News reports coal seen in a new light in China. The Chinese coal trader plans to kick off its public offering on Friday with trading in shares expected to begin on July 3. China Everbright Capital is handling the deal, sources added. China Qinfa is involved in the purchase, processing and transport of [...]
Coal Investing News reports coal stocks in the US have been doing well. Shares in Indonesia’s biggest coal producer, PT Bumi Resources Tbk (BUMI.JK), jumped by as much as 8.4 per cent on Monday on news that China had placed orders to buy 8 million tonnes of coal from it in 2009. “Eight million tonnes [...]