The Financial Mail reported that recent interim results from Coal of Africa were disappointing, after the company has suffered through a strike, weak coal prices and asset impairments, yet remains confident about future prospects. As quoted in the market report: Revenue reflected both weaker coal prices and lower production after a strike at Mooiplaats, one of CoAL’s [...]
Articles Tagged "Coal Stocks"
Bloomberg reported that Rio Tinto has recorded their first full-year loss in 21 years, thanks to one-time charges on its coal and aluminum operations.
Bloomberg reported that Whitehaven Coal stock price surged to a near two-month high on news that they have received approval to build the $789 million Maules Creek mine.
Reuters reported that Consol Energy intends to shed more assets this year as it tries to regain a foothold in a shaky market.
Mining Weekly reported that Peabody Energy reported a $1 billion loss in Q4 2012, and expects to bleed further in the current quarter before beginning to rebound, with an increase in prices to steel-making coal.
Mining Weekly reported that Hong-Kong based HEI has received the green light from Chinese authorities and will go ahead with their subscription for $100-million Coal of Africa Limited’s (CoAL’s) shares, listed on the JSE, ASX and Aim.
Canada Coal Inc. (TSXV:CCK) announced that it is working towards acquiring 11 coal exploration licences within the Fosheim Peninsula region on Ellesmere Island, which will add an additional 280,000 acres to Canada Coal's project area in key areas.
The Street reported that shares of James River Coal jumped after analyst upgrade, citing rising natural gas prices making coal more attractive.
Arch Coal, Inc. (NYSE:ACI) announced the pricing of $375 million senior notes offering.
Platts reported that New World Resources' coal production remained stable this year, but that sales dropped by 10 percent, compared to last year.