International ratings agency Moody's has announced that it has downgraded the credit rating of Raspadskaya Coal Company (Raspadskaya), one of the largest coking coal producers in Russia, to B2 from B1, reflecting Moody's expectation of ...
Tags: Coal Company, coking coal
Brazil-based miner Vale has announced its financial results for the second quarter of the current year, reporting a net profit of $424 million, decreasing by 84 percent compared to the second quarter of the previous year. The company's ...
Strong buying interest in China over the extended weekend pushed Asian spot metallurgical coal prices substantially higher Monday, as hard coking coals traded $3-4/mt higher than Wednesday last week, market sources reported. On an FOB ...
Tags: Buying Spree, Metallurgical Coal
Lisle, Illinois-based Suncoke Energy Partners, LP announced Tuesday that its wholly-owned subsidiary executed a definitive agreement to acquire 100 percent of the ownership interest in Kanawha River Terminals LLC (KRT) for $86 million. KRT ...
Tags: Suncoke Energy, Coal Terminal
US-based coal producer Walter Energy has announced its financial results for the second quarter and the first half of the current year. In the second quarter, Walter Energy posted a net loss of $34.5 million, compared to a net profit of $ ...
Tags: Walter Energy, coal producer
It’s reported that America Metal market (AMM) award Best Mergers and Acquisitions to AK Steel. The company’s vertically integrated in iron ore and metallurgical coal requirements in 2015 will achieve greater control over ...
The precise scope of China's proposed ban on the importation of lower calorific value thermal coal has become clearer after Platts was given sight of a copy of the relevant draft regulation and has been able to publish its contents for ...
Tags: Low-CV Thermal Coal, Chemicals
Cleveland, Ohio-based Cliffs Natural Resources reported late Wednesday Q1 2013 net income of $97 million, down significantly from $376 million in Q1 2012. Consolidated sales margin decreased 18 percent in Q1 to $238 million, from $292 ...
Australia-based Wesfarmers Resources has announced that in the quarter ended March 31 its coking coal output from the Curragh coal mine in central Queensland amounted to 1.53 million mt, decreasing by 15.4 percent compared to the previous ...
Tags: Wesfarmers, Coking Coal Output
UK-based mining giant Anglo American Corporation has announced its production results for the first quarter ended on March 31, 2013. In the first quarter, the iron ore production from Kumba Iron Ore increased by two percent year on year ...
Brazil-based mining giant Vale has announced its production results for the first quarter of 2013. In the first quarter, Vale produced 67.53 million mt of iron ore, falling 3.5 percent compared to the corresponding quarter of the previous ...
Tags: Vale, Iron Ore Production
Australian miner BHP Billiton has announced its production results for the third quarter and the first nine months ended March 31, 2013. In the third quarter, BHP Billiton produced 40.2 million mt of iron ore, up six percent compared to ...
Tags: BHP Billiton, Iron Ore Output
Birmingham, Alabama-based coal producer Walter Energy, Inc. said Thursday that performance in Q1 2013 improved over Q4 2012, driven largely by increased metallurgical coal sales volume and pricing, increased production and lower costs. ...
Tags: Walter Energy, Coal Production
On Wednesday, Brazil's Vale lifted the force majeure on a number of its coal sales contracts in Mozambique. On February 15, 2013, Vale declared force majeure following heavy rainfall since early February in Tete, Mozambique, creating ...
Tags: coal sales, coal, Vale
The Australian Bureau of Resources and Energy Economics (BREE) has revised its estimate for Australia's metallurgical coal exports for 2013 to 158 million mt, around the level of exports prior to the 2011 Queensland floods, up nine percent ...
Tags: Bree Lowers, Metallurgy, Coal Export