Coal Top Stories

BHP Billiton to escalate defence from Elliott with Goldman’s help

Analysts expect BHP to argue that a demerged petroleum business would need to fund offshore growth projects by raising debt. It may also contend that a stand-alone division won’t have the same ability to defer production until oil prices improve.

Cecilia Jamasmie | April 11, 2017 | 4:08 am

Coking coal price soars past $300

Coking coal price has doubled in two weeks – storm…

Frik Els | April 10, 2017 | 1:05 pm

BHP rejects activist fund Elliott urge to spin off US oil assets

Company says the associated risks of spinning off about $22…

Cecilia Jamasmie | April 10, 2017 | 3:22 am

Yancoal poised to become one of Australia’s top three coal producers

By the end of 2017, Yancoal Australia may become one…

Project Monitor | April 7, 2017 | 11:28 am

Coking coal price close to $300 a tonne on Australian disruptions

Coking coal prices gained 86% to $283.10 a tonne this…

Cecilia Jamasmie | April 7, 2017 | 6:49 am

Foreign workers to relieve labour shortage in Australia’s mining industry

Australia’s government announced Friday it will allow a new mine to hire about 1,700 foreign workers to alleviate a labour shortage threatening the resources boom.

Cecilia Jamasmie | May 25, 2012 | 4:13 pm

Rail strike threatens Canadian coal, potash

A strike by CP Rail is hampering the movement of goods across Canada including mined commodities coal and potash.

Andrew Topf | May 24, 2012 | 7:42 pm

Zuckerberg lost $1.5 billion in 24 hours, but he wasn’t the unluckiest billionaire. Batista was

The declines wiped $1,744,800,000 from Batista's personal fortune in one day, which means he fared worse than Mark Zuckerberg who suffered more than $1.5 billion in losses as a result of the post Facebook IPO fiasco.

Frik Els | May 23, 2012 | 8:57 pm

Patriot Coal is burning down

Trading in the stock was halted in a circuit breaker around lunchtime after falling 57.6% over doubts about its finances and is now worth less than tenth of what it was in July last year.

Frik Els | May 22, 2012 | 7:47 pm

Hard coal landing: Australia scraps $9 billion port expansion

The state government has scrapped plans for a $8.8 billion coal terminal expansion project at Queensland's Abbot Point, Australia citing funding issues and environmental regulations, but China's slowing economy probably had more than a little to do with it.

Frik Els | May 21, 2012 | 9:18 pm