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Tata Power Plans To Buy Coal From Coal Mines In Mozambique
Largest electricity supply companies in India Tata Power plans to buy coal from coal mines managed by the Australian mining company Riversdale. Planned purchases of coal from Riversdale to secure the supply of coal as a fuel electricity.
Mining Stock, U.S. Coal Mining Companies Share Fell After Macquarie Research Downgraded
Stock in U.S. coal mining companies fell on Wednesday after Macquarie Research downgraded the sector to ‘neutral’ from ‘overweight,’ saying it believes demand for seaborne metallurgical, or steel-making, coal in China is slowing.
Analyst Curt Woodworth also said the fundamentals for thermal coal, used mainly by utilities to generate electricity, continued to worsen and he expected [...]
Brazilian Mining Company, Vale Begins To Develop Coal Mine Project in Tete, Mozambique
Brazilian major diversified miner Companhia Vale do Rio Doce (Vale) has started development of its $1,3-billion Moatize coal project in Tete province, Mozambique. Production is scheduled to start in December 2010.
India Starts Auction of Oil, Gas Exploration Areas (Update2)
India started its largest auction of oil and gas fields, offering 70 areas for exploration when energy producers are cutting investments because of falling prices and the global recession.
China Coal Mining Company, Yanzhou Coal Mining Co. Plans Take Over Felix Resources
Yanzhou Coal Mining Co.’s talks to take over Felix Resources Ltd., whose stock gained 9 percent last year, have stalled after price disagreements, two people with knowledge of the matter said.
Mining Companies To Acquire, Xstrata To Acquire Coal Mining Business From Glencore International
Shareholders in Xstrata PLC should abstain from voting on an upcoming resolution that would authorize the Anglo-Swiss miner to acquire a coal mining business from major shareholder Glencore International AG, Pensions Investment Research Consultants Ltd. said Tuesday.
Mining Companies, Vale – Xstrata – Rio Tinto Submitted Proposal To Develop Mongolia Coal Mine
Vale, Xstrata and Rio Tinto are among the companies that have submitted proposals to develop Mongolia’s prized $2 billion Tavan Tolgoi coal mine, according to two people with direct knowledge of the matter.
Coal Mine Producer, Arch Coal Inc. Release Fourth Quarter 2008 Earning Profit
Arch Coal Inc., one of the world’s biggest coal producers, reports earnings for the fourth quarter and full-year 2008 before the market opens Friday. The following is a summary of key developments and analyst opinion related to the period.
Coal Mine Producer, Peabody Reported Fourth Quarter Earning 2008
Before market opens on Tuesday, one of the world biggest coal producer, announce reported earning for the fourth quarter and full-year 2008.
