Search Results
Coal Mining Exploration Forecast Probably not so hot anymore
The recent drop in the market price of coal from its record levels earlier this year will adversely impact earnings of Indonesian coal producers. Based on this factor, going forward, we expect weaker coal prices in line with the downtrend in oil prices, while higher supplies are expected on China’s higher exports as domestic consumption [...]
Mining Company, Xstrata To Accept a Cut in Prices Coal Mine Contract in Japanese Utilities
Xstrata Plc, the world’s biggest exporter of power-station coal, has been forced to accept a cut in prices for annual calendar-year contracts for the fuel with Japanese utilities, Citigroup Inc. and Merrill Lynch & Co. said.
Xinwen Mining Group Acquires Australian Coal Mine Exploration Permit in Bowen Basin
Xinwen is the third-largest coal miner in China and this acquisition comes after its bigger rival China Shenhua Energy bought an exploration licence near Gunnedah from the NSW government in Australia last month for $261 million.
Xinwen Mining Group has acquired Australian Linc Energy’s, Teresa exploration permits in the Bowen Basin for $1.5 billion as it [...]
Power cuts effect not significant
ZIMBABWEAN platinum mine Mimosa had not been significantly affected by the rolling power cuts that had been plaguing Zimbabwe this month as it had strategically built up a two-month stockpile of ore to be processed during power interruptions, an executive said recently.
“Obviously, there has been an impact, but not on a significant level,” Mimosa mining [...]
Coal Surge Seen by Mobius as China’s Imports Increase (Update2)
Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring [...]
China Coal-Mine Deaths Rise as Owners Resist Closure
China’s coal-mine deaths rose to the highest in at least five months in November, as owners of small pits and local authorities resisted government closure orders.
More than 150 accidents killed 420 miners during the month, the State Administration of Work Safety said on its Web site this week, as pit owners stepped up output to [...]
China Coal expects high coal price on strong demand
China’s second-biggest coal group by revenue, China Coal Energy Co., expects coal prices to remain high, driven by strong domestic demand, the firm’s chairman said on Tuesday.
China Coal is looking to raise up to US$1.7 billion in a Hong Kong initial public offering in order to raise funds for expansion in a country where coal [...]
