China Shenhua Energy , the country's biggest listed coal producer, reported a 42.6 percent fall in first-half net profit while second largest player China Coal swung to the red on weak demand and a slump in prices.
Unions representing workers at South African coal producers have dismissed a wage offer from employers' body, the Chamber of Mines and said negotiations were "not making progress", setting the stage for a potentially prolonged dispute.
Iron ore and coal producer Cliffs Natural Resources Inc reported a second-quarter profit, compared with a year-ago loss, on lower costs and said it expects "improved" profitability in the second half of the year.
WASHINGTON (dpa-AFX) - Coal producer Peabody Energy (BTU) on Wednesday said
it has named longstanding financial executive Amy Schwetz to executive vice
president and chief financial officer.
Schwetz replaces Michael Crews, who has announced...
WASHINGTON (dpa-AFX) - Arch Coal Inc. (ACI) has tapped restructuring
advisers to explore ways to reduce its multibillion-dollar debt load, the Wall
Street Journal reported Friday, citing people familiar with the matter.
The St. Louis,...