January 27, 2012

Peabody has best year ever; revenues rise 18% to $8 billion

US coal giant Peabody Energy posted its best-ever performance in 2011, with revenues increasing 18% to $7.97 billion and operating profit rising by the same percentage to $1.59 billion.

January 27, 2012

Cliffs Natural Resources: 2011 iron ore prices and volumes come in under expectations

Cliffs Natural Resources Inc., a US iron ore and coal producer, is anticipating lower prices and volumes of iron ore shipped in the fourth quarter.

January 27, 2012

Japan steel output set to fall

Bad news from nation's steel makers translates into more bad news for already weakened dry bulk sector.

January 27, 2012

Hundreds turn out to launch Bellingham anti-coal train initiative

With a musical kickoff from bandZandt singing "No Coal Trains," local activists launched their "Coal-Free Bellingham" campaign for a citizen initiative to outlaw coal trains through a city ordinance.

January 26, 2012

Dr Caterpillar’s (excellent) prognosis for mining

With revenues of $60 billion last year and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy…

January 26, 2012

FirstEnergy To Close 6 Coal-Fired Plants, Raises 2011 View

FirstEnergy Corp. (FE) plans to close six of its older coal-fired power plants located in three states by September due to expected […]

January 25, 2012

Sherritt Announces Senior Management Changes

Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX:S) today announced changes to the leadership of its senior management team, effective February 1, 2012.

January 25, 2012

Poland’s Bogdanka wins coal supply contract worth $3.4 billion

Polish miner Bogdanka has signed a 20-year coal supply deal with power group Enea estimated to be worth $3.4bn. Enea will take deliveries of coal intended for its 1,000MW power…

January 25, 2012

Union threatens job action at BHP Billiton’s coal port

Labour negotiations between BHP Billiton and unions representing coal workers are at an impasse and could disrupt coal operations across Eastern Australia.

January 25, 2012

Kinder Morgan and Arch Coal sign throughput agreement to further expand coal terminal network

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced plans to invest approximately $140 million to further expand its coal handling facilities along the Gulf Coast.