July 26, 2011 Downer wins Xstrata coal contract Downer EDI Ltd has secured contract worth more than $400 million with mining giant Xstrata Coal for development of a coal handling and preparation plant (CHPP) at its Ravensworth North…
July 26, 2011 Fy 2011 underlying net profit of A$70m expected – Whitehaven Coal According to the Australian coal miner, FY 2011 underlying net profits, before significant items are likely to come in at A$70m, boosted by a strong output performance in the June…
July 26, 2011 UK coal inventories fell in March to almost three year low UK coal inventories held by power companies fell in March to the lowest in almost three years after stocks were run down last year on weakening demand. According to figures…
July 26, 2011 CIL may buy 30pct stake in Indonesian firm Coal India Ltd is in advanced stages to acquire a 30% stake in an Indonesia coal firm. Mr NC Jha chairman of Coal India said that the company has sought…
July 26, 2011 Xstrata posts flat H1 for copper, coal Xstrata, the fourth-largest global diversified miner, had reported a drop in copper output in the first quarter, hit by severe weather conditions at its Collahuasi mine in Chile.
July 26, 2011 Can Goldman, Morgan Stanley recover commodities moxie? At the once-feared commodity trading arms of Goldman Sachs and Morgan Stanley, the pressure to do better in the second half of this year has never been more intense.
July 26, 2011 Lockheed Martin reports a breakthrough in underground communication systems The US government has approved a new wireless communication system from Lockheed Martin that enables trapped miners and rescue workers to communicate during a disaster as safe to use in…
July 26, 2011 Union power in Pilbara boosted by ruling A landmark victory in the Federal Court looks set to give unions more power to bargain on behalf of workers at Rio Tinto and BHP Billiton iron ore operations in…
July 26, 2011 Australia’s Whitehaven Coal expects FY’11 underlying net profit pre-items A$70 mln Australia's Whitehaven Coal reported a 48 percent rise in equity coal output in the June quarter versus the same period a year ago and said it expects to show a…
July 25, 2011 Macarthur coal exports plunge amid due diligence Macarthur Coal, the mining group that is the target of a $4.7 billion takeover bid by US energy company Peabody Energy and steel giant ArcelorMittal, has suffered a steep slide…
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