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Coal Investing News
Objective News on Coal mining, exploration, and coal industry investing
  • Peabody Leases Low Sulfur Coal Reserves
    Peabody Energy Inc. (NYSE:BTU) announced it successfully bid to lease coal reserves near its Wyoming-based North Antelope Rochelle Mine.
  • BHP Coal Miners To Strike
    Reuters reported that coal miners at one of BHP Billiton's (NYSE:BHP) coal mines are planning a strike.
  • US Coal Shipments Down
    Reuters reported that shipments of coal on US railroads are down due to slower demand.
Welcome to Prime Synergy
Coal India shares leap 40% on debut PDF Print E-mail
Written by Administrator   
Sunday, 06 March 2011 06:59


MUMBAI: Shares in state-run Coal India soared nearly 40% on their first day of trading on the Mumbai stock market Thursday as investors scrambled to invest in the world's biggest coal miner.

The sale of a 10% stake in Kolkata-based Coal India last month was the biggest share sale in Indian history and banked the government 3.4 billion dollars.

The shares jumped to 340 rupees (7.7 dollars) in morning trade, up 38.7% from the issue price of 245 rupees, handing those able to buy in the initial public offering (IPO) a handsome profit on paper.

Last Updated on Tuesday, 08 March 2011 23:42
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Coal Mining Prospect in Indonesia PDF Print E-mail
Written by Administrator   
Saturday, 05 March 2011 11:36

Indonesian Coal Mining Association (APBI) believed that the local coal production this year as a whole could reach 250 million tons. That number increases, where coal production in 2010 is expected to reach 270 million tons.

On the other hand, countries exporting energy resources, now visible from taking a position in Indonesia. One was China, which will begin to look to coal mining companies in the country for cooperation. In addition to meet the needs of fuel for electricity, as well as to diversify its foreign exchange reserves.

Last Updated on Wednesday, 09 March 2011 06:49
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Chinese Coal Demand Remains Strong in the Face of Rising Interest Rates PDF Print E-mail
Written by Administrator   
Sunday, 06 March 2011 06:45


Recent concerns over inflationary pressures in several emerging markets have prompted increases in lending rates from a growing number of central banks. China’s central bank – the People’s Bank of China (PBC) – raised interest rates in early February by 0.25 percent on one year and long term lending rates; the third hike since mid-October with more increases expected in the first half of the year. India has pushed its marker up 50 basis points to 13 percent in late January and the Russian Bank raised its lending rate for the first time since December 2008 over concerns of consumer price increases. While the hikes could signal a slower phase of growth for coal powered economies like China, the moves are only short-term adjustments as longer term prospects are expected to remain strong.

Last Updated on Tuesday, 08 March 2011 23:42
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