investors shouldn’t assume that the recent bout of fuel-switching marks the end of king coal. For one, two consecutive colder-than-average winters in 2009-10 and 2010-11 helped eliminate the utilities’ supply overhang in the wake of the financial crisis and Great Recession.
The co-founder of London's Alternative Investment Market listed Strategic Natural Resources talks about how his team is using its burgeoning Elitheni resource to negotiate both domestic power and export off-take agreements to emerging markets.
Severe and widespread flooding several weeks ago in Queensland - Australia's main coal producing region - sent shock waves through the already under-supplied coking coal market. Prices briefly ratcheted up to what some termed hysterical levels.
Resources company Sherritt International Corp. (TS) is "suspending significant expansion initiatives" at its metals division and putting a lid on costs because of a slumping economy while reporting strong third-quarter results.