Coal news and updates

Updated daily

• Drop in coking coal prices to improve steel firms’ profit

  16 Jan 2014

  Decline in coking coal prices and a marginal improvement in steel prices are likely to help steel ... . ...Read More

• Atlantic Financial Coal: Prompt CIF ARA swaps jump $1 on Drummond supply stop

  16 Jan 2014

  Front-end European-delivered CIF ARA thermal coal swaps surged by more than $1 Wednesday as source... . ...Read More

• Rio Tinto slashes costs as iron-ore, coal output hit records

  16 Jan 2014

  Rio Tinto Group (RIO), the world’s second-largest mining company, beat its 2013 cost-cutting... . ...Read More

• CIL rallies 5% on Rs 18,000-cr dividend, but brokers cut target price

  16 Jan 2014

  Shares of Coal India rallied as much as 5.1 per cent a day after the coal giant announced a Rs 18,... . ...Read More

• Coal India interim dividend to make FIIs richer by Rs 1,001 crore

  16 Jan 2014

  The decision by government-owned Coal India to pay an interim dividend of 290 per cent will make i... . ...Read More

• CSX profit misses estimates on railroad coal shipments

  16 Jan 2014

  CSX Corp, the biggest railroad in the eastern U.S., declined in late trading after reporting fourt... . ...Read More

• CIL dividend at Rs 18,317 crore, Centre to get Rs 16,485 crore

  15 Jan 2014

  State-owned Coal India Ltd on Tuesday declared an interim dividend of Rs 29 per share amounting to... . ...Read More

• Coal scam: Centre to cancel 41 coal block allocations, asks companies to respond

  15 Jan 2014

  The government has said it may cancel 41 coal block allocations made between 1993 and 2009 but yet... . ...Read More

• Most US states still dependent on coal imports

  15 Jan 2014

  The use of coal to produce electricity in the United States has been declining in recent years. Ye... . ...Read More

• CEA asks Tata, Hindalco etc. to increase coal mine output

  15 Jan 2014

  The Central Electricity Authority has asked companies including NTPC, Hindalco, Tata Power and Tat... . ...Read More

• China to boost annual railway coal capacity to 3 bln T by 2020

  15 Jan 2014

  China aims to increase its annual railway capacity for coal haulage by around a third by 2020 as p... . ...Read More

• Big Coal Undercuts Landmark U.S. Overseas Investment Policy

  15 Jan 2014

  Environmentalists and some lawmakers are decrying a surprise move by conservative members of Congr... . ...Read More

• Prices rise as Colombian supplies start to tighten

  15 Jan 2014

  European physical coal prices rose on Tuesday as export trouble in Colombia threatened to cut supp... . ...Read More

• Iron ore, coking coal prices are breaking bad

  15 Jan 2014

  The price of iron ore slumped to a 6-month low on Tuesday, breaking below the $130 level for the f... . ...Read More

• Further firmness seen in SA coal prices

  14 Jan 2014

  January 14: Spot prices of South African steam coal of 6,000 Kcal/kg NAR firmed up sharply on Janu... . ...Read More