US investor Philip Falcone is investigating offers for his stake in Fortescue Metals but analysts believe he is still bullish about Western Australia’s vibrant iron ore sector.
In an interview with The Wall Street Journal yesterday, the head of Harbinger Capital said his company had received multiple calls from strategic buyers looking to acquire its 15.8 […]
Coal mine exploration company in Asia, Arch Coal Inc. reports result of exploration coal-mine which they do experiences improvement.
St. Louis-based Arch — one of the nation’s biggest coal producers — reported net income of $113 million, or 78 cents per share in the latest April-through-June period. That compared with $37.6 million, or 26 cents […]
Some mining companies in China experiences degradation in process of mine exploration , especially coal-mine. Effect existence of degradation produce of coal mine results, industrial sector in China to experience degradation. Said submitted by government China some times ago. this situation makes government China will compile planning to anticipate lacking of supply of coal to […]
Some mining exploration companies in China losts ground in result of minining exploration, especially result of coal-mine exploration of coal. Retrogression experienced by coal mine China to result happened retrogression in some public service sectors in country China.
Influence existence of degradation result of exploration of coal-mine is some airlines experiences improvement of defrayal for air […]
There’s a new coal mining giant in Appalachia.
Cleveland-Cliffs Inc., the largest producer of iron ore pellets in North America and a major supplier of metallurgical coal, announced it is buying coal producer Alpha Natural Resources in a deal valued at $10 billion.
Cleveland-Cliffs is headquartered in Cleveland, Ohio. The company operates six iron ore mines in […]
Volatility in New Zealand’s sharemarket came home to roost for coking coal mine producer Pike River Coal whose dream share run came to abrupt halt yesterday after gaining nearly 50% in value in the past month.
Pike River shares have steadily risen 48%, from $1.67 on May 30 to trade around $2.47.
However, yesterday they fell more […]
These are boom times for mining companies but the big profits are being eaten into not only by spiraling energy costs but suddenly rising prices for the explosives used to blast into the rocks.
It’s all because of the high price of natural gas, which when converted into ammonia is used to produce ammonium nitrate, […]
Shenhua Energy Co Ltd , China’s largest producer of coal, sold 19.4 percent more in May than a year ago, as it fed the world’s largest energy consuming nation and raced to meet shortfalls.
The firm produced 13.3 percent more coal last month, or 15.3 million tonnes, it said in an exchange filing on Monday, and […]
Rocketing prices for coking coal and iron ore, the two main components of steel, have left steelmakers shell-shocked. But the price spikes have lit a “For Sale” sign atop the coal mining sector, and a range of assets could change hands this year.
Some of the world’s biggest steelmakers, after divesting their coal and iron ore […]
This week crude oil spiked 8% higher Friday into the high $130s; Senator Barack Obama cinches the Dem-Nom; an Israeli official says that bombing Iran’s nuclear facilities looks inevitable; the U.S. unemployment rate pops half a full percentage point to 5.5%; the buck gets thumped despite Bearded Ben’s early-week fireside chat (where he uncharacteristically mentioned […]