Xstrata snaps up First Coal for $147 million
Vancouver – Global coal giant Xstrata (XTA-L) has offered $147 million in cash for privately-held First Coal and its northeastern British Columbia coking coal assets.
Coal
Fortune, Posco to hook up
To advance its Mount Klappan anthracite coal project in northwest B.C., Fortune Minerals (FT-T) is partnering with South Korean steelmaker Posco.
Fortune Minerals, Posco to link up
To advance its Mount Klappan anthracite coal project in northwest British Columbia, Fortune Minerals (ft-t) is partnering with South Korean steelmaker Posco.
Peabody Energy among those picked to develop Tavan Tolgoi
Shares of Peabody Energy (BTU-N) jumped US$1.30 or 2.2% to US$60.69 following reports on July 5 that Mongolia had chosen it as part of a global energy consortium including China Shenhua Energy and a Russian-Mongolian group to develop its…
Letter to the editor: China Coal and Mei Feng
In the article “China Coal aims to become a mid-tier producer,” (T.N.M., May 30 – June 5/11), statements were made in respect of China Coal and its intended acquisition of the operating interest in the Mei Feng coal mine.
Commentary: ‘Old King Coal’ still reigns in the US
The following speech was recently given at the East Kentucky Leadership Conference, during a panel discussion called “Fate & Future of Coal & Alternative Energy Sources.”
Editorial: Aussie windfall taxes 2.0
Yes, they’re back. And probably here to stay this time. Rebounding from the June 2010 defeat of its proposed 40% “Resource Super Profits Tax” (RSPT) on miners, Australia’s centre-left government has spent the past year developing a more…
Commentary: ‘Old King Coal’ still reigns in the US
The following speech was recently given at the East Kentucky Leadership Conference during a panel discussion called, “Fate & Future of Coal and Alternative Energy Sources.”
Cline slumps on production delays, dilutive financing
Investors disappointed with Cline Mining’s (CMK-T, CLNMF-Q) early morning announcement on May 16 that coal production in 2011 is going to be lower than expected at its recently reopened New Elk coal mine in Colorado were hit with more…
China Coal aims to become a mid-tier producer (May 30, 2011)
Feng Lishe was born in Xinjiang – a province in remote northwestern China where per capita GDP typically averages US$2,000 a year in the cities, and about half that in the countryside.
Puda Coal faces class-action lawsuit (May 30, 2011)
Allegations of fraud and untrustworthy financial statements that have led to a class-action lawsuit against former stock market darling Puda Coal (PUDA-X) underscore just how risky doing business in China can be.
Macquarie says the best is yet to come
The recent pullback in base metals is a “good entry point for investors” analysts at Macquarie Capital Markets report in a May 17 research note to clients.