Panamax coal freight rates on established routes from South Africa's Richards Bay and Indonesia to India ended the week higher on Friday as grain cargoes in the Atlantic basin absorbed tonnages from both hemispheres, sources said. ...
Tags: coal freight, coal, Panamax freight
China National Coal Group mined 176 million mt of coal in 2012, up 7.3% year on year, according to data released Tuesday on the China National Coal Association website. The company's coal sales, meanwhile, rose 9.5% year on year to ...
Australia-based miner Rio Tinto has announced that it will register an impairment charge of $3 billion in its financial results for 2012 due to underperformance of its Mozambican coal business and an additional $10 billion write-down from ...
Tags: coal business, coal assets, coal
Proactive Investors reported that Mamba Minerals will raise USD 787,500 through the private placement of 3.5 million shares at USD 0.225, in a deal arranged by Capital Investment Partners to Michael O’Keeffe. O’Keeffe was the ...
Tags: Proactive Investors, Mamba Minerals, private placement, Minerals
Indonesian coal miner Atlas Resources has set aside USD 50 million for capital expenditure next year, after cutting this year’s capex in half amid falling coal prices. Mr Andre Abdi president and director of Atlas Resources said ...
Tags: coal miner, Atlas Resources, coal prices, lower calorie coal
BHP Billiton Petroleum Group Chief Executive said PetroChina has acquired an interest in a world class gas source and BHP Billiton has exited a non-strategic asset BHP Billiton,the Australian coal miner, had signed an agreement with ...
Tags: PetroChina interests, Gas Project, Petroleum Group, Petroleum
Essar Steel Algoma Inc provide the following corporate update. The Board of Directors has initiated a search for a new Chief Executive Officer. Mr Kalyan Ghosh CCO will continue to serve the Company as Chief Executive Officer on an ...