By IBTimes AU
Yanzhou Coal Mining of China is in an $8-billion merger talks with Gloucester Coal of Australia. In anticipation of the takeover, Gloucester (ASX: GCL) will halt trading on its stocks on Tuesday. (Dec 19)
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CHINA, AUSTRALIA, INVESTMENT
By IBTimes AU
U.S. coal giant Peabody Energy said it will increase seaborne export coal volumes at its Wilpinjong and Millennium mines in Australia by 3 million tonnes to 5 million tonnes after expanding both operations. (Dec 15)
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AUSTRALIA
By IBTimes AU
The $2.25 billion buyout by Whitehaven Coal (ASX: WHC) of Aston Resources (ASX: AZT) will create the largest independent publicly traded coal company in Australia. Besides Aston, which is owned by Nathan Tinkler, Whitehaven also agreed to buy Boardwalk Resources for $499.8 million. (Dec 11)
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CHINA, AUSTRALIA, INDIA, RIO TINTO, INVESTMENT
By IBTimes AU
At least two major Chinese investors in Australia's resources sector expressed having second thoughts of furthering investment plans in the country's mining industry due to the escalating regulatory risks imposed by the mining and carbon tax laws. (Nov 15)
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CHINA, AUSTRALIA, MANUFACTURING, INVESTMENT
By Reuters
Stock index futures pointed to a higher open on Wall Street Friday, with futures for the S&P 500 up 0.6 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.7 percent at 0924 GMT (4:24 a.m. ET). (Nov 11)
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DOW JONES, BNP PARIBAS, EXXON MOBIL, CATERPILLAR, MICHIGAN, INVESTMENT
By IBTimes AU
ArcelorMittal has decided to pull out from its joint venture with U.S.-based Peabody Energy for Macarthur Coal after issues of management control arises. (Oct 25)
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MANAGEMENT
By Reuters
Peabody Energy Corp's (BTU.N) quarterly profit beat Wall Street estimates as the largest U.S. coal producer realized higher pricing in all regions and domestic volumes increased. (Oct 25)
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DOW JONES, NEW YORK
By IBTimes AU
The local share market traded virtually sideways today, as investors stayed out of the market ahead of a key meeting of European leaders at the weekend. The All Ordinaries Index (XAO) lost 3.4pts by close to 4203.4 while the S&P/ASX 200 Index (XJO) fell 3pts to 4141.9. (Oct 21)
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CHINA, TWITTER, FACEBOOK, EUROPEAN UNION, AUSTRALIA, RIO TINTO