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Estimate Price Of Iron Ore Sales Contract Change
The biggest exploration company and iron ore producer of world does many changes at the price of iron sale. Iron ore producer company gets pressure from some steelmaker companies. Steelmaker company expects iron ore retreat.
Alpha Gets Low-Cost Wyoming Coal With Foundation Buy
Alpha Natural Resources Inc.’s $2 billion acquisition of Foundation Coal Holdings Inc. gives the company access to low-cost Wyoming surface mines as stricter regulation makes work in Appalachia more costly.
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.
Mining Companies Investment Deal Review : BHP Billiton Revive Bid for Rio Tinto and Investmen Deal With Chinalco
BHP Billiton is unlikely to attempt to resurrect its bid for Rio Tinto while the target continues to proceed with its $US19.5 billion ($28 billion) investment deal with Chinalco.
China Coal Mining Companies, Shenhua Group Suspended $2.5 billon Mine Project
The biggest China coal mining company has suspended a $2.5 billion mining exploration project. This act impact of global financial crisis.
Grande Cache Coal Corporation Intends To Seek Regulatory Approval Propose Underground Mine
Grande Cache Coal Corporation announced today that it intends to seek regulatory approval for the No. 12 South B2 Underground Mine. The purpose of this mine is to provide a successor mine to the Company’s present No. 7 Underground Mine.
Thermal Coal Reserves Producer, Phoenix Coal Inc. Announces Financial Result 2008 year
Phoenix Coal Inc a leading producer and consolidator of thermal coal reserves in the Illinois Basin announced its financial results for the fourth quarter and year ended December 31st 2008. Unless otherwise noted, all reserves and resources are expressed in imperial tons, and all financial information is expressed in U.S. dollars.
Coking Coal Producer, BHP Billiton Mitsubishi Alliance Coking Coal Exports Decline at Australian Port
The BHP Billiton Mitsubishi Alliance, the world’s largest coking coal exporter, shipped 21 percent less of the fuel from its largest Australian port last month as demand slumped.
Arch Coal Inc. Plans To Cut Coal Mine Production
Shares of Arch Coal Inc. fell on Monday following news that the company plans to cut 2009 production due to declining demand.
