A Joint Venture in Colombia That May Never Make Any Money Late last year BHP Billiton—along with Glencore and Anglo American Plc, its two joint venture partners in the Cerrejón coal mine in Colombia—completed a $1.3 billion expansion project to supply an additional eight million tons of thermal coal a year to global markets. It… Keep reading →
Analysts at brokerage Sterne Agee find coal stocks moving upward based on several supporting factors including US natural gas/coal pricing dynamics, Chinese industrial data, European economic improvement and a bounce in emerging market currencies relative to the dollar. While overall US power generation is down year-on-year, more coal than natural gas was burned to generate… Keep reading →
Editorial: Australian-Japanese Coal ‘Partnership’ and Why Global Coal is Here to Stay
By Roman KilisekRecently, the Australian Prime Minister Tony Abbott warned at the opening of the Caval Ridge coal mine in Queensland against the “demonization of coal.” According to the Sydney Morning Herald, PM Abbott stressed that “coal is good for humanity, coal is good for prosperity, coal is an essential part of our economic future, here in… Keep reading →