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Business 09 Feb 2018 | 12:00 AM

China wealth fund to join fray for US$2bil Rio portfolio

SYDNEY: The Chinese sovereign wealth fund is considering joining the bidding for Rio Tinto Group’s last remaining coal mines, which may fetch more than US$2bil, people familiar with the matter said.

World 29 Jan 2018 | 6:50 PM

China blizzards snarl railroads, coal deliveries amid power worries

BEIJING (Reuters) - China's worst blizzards this winter have snarled the country's railroads and highways, cutting off critical supplies of thermal coal, and fuelling a rally in prices to record highs and raising concerns about potential heating and electricity shortages.

Markets 10 Jan 2018 | 12:00 AM

Coal India raises thermal coal prices

NEW DELHI: Coal India Ltd has raised some prices of the fuel used to fire power plants for the first time in about a year-and-a-half, as the world’s biggest coal producer shores up efforts to pay for higher salaries. Shares jumped.

Corporate News 27 Dec 2017 | 12:00 AM

China’s coal imports from Australia down in November

BEIJING: Chinese imports of coal from key supplier Australia slipped in November from a year ago, customs data showed, hit by heavy traffic congestion in Australian ports.

Corporate News 21 Dec 2017 | 12:00 AM

Glencore and Apollo bidding for Rio coal mines

Whitehaven Coal and South32 among those vying for US$1.5bil assets

Business 13 Nov 2017 | 12:00 AM

Rio Tinto to go coal-free

World’s second biggest miner focusing on better assets

Commodities 21 Aug 2017 | 5:12 AM

Coal price surge justified by China's dynamics, for now

LAUNCESTON, Australia: How much of the current surge in thermal coal prices in Asia is because of a fundamental shift in the supply-demand balance, and how much is down to speculative froth?

Corporate News 28 Jul 2017 | 7:17 AM

Glencore signs deals to buy 49% of Hunter Valley coal

SYDNEY: Glencore said it had signed agreements to buy a 49% stake in coal mines in Australia’s Hunter Valley for just over US$1.1 billion, getting a share of assets it was expected to miss out on to China’s Yancoal.

Corporate News 27 Jul 2017 | 11:05 AM

At "bare bones" Noble Group, staff exits and debt pose more risks

SINGAPORE: Noble Group is slimming down drastically to its core Asian coal-trading business, but that may not be enough to revive its fortunes due to a staff exodus, shrunken balance sheet and debts of more than $3 billion, analysts and industry sources say.

Corporate News 14 Jun 2017 | 7:11 AM

Former Noble Group CEO claims millions of dollars in unpaid shares

SINGAPORE: The former chief executive of troubled Hong Kong-based commodity merchant Noble Group, Yusuf Alireza, has issued a claim against the firm's founder and emeritus chairman Richard Elman over alleged unpaid share payments worth millions of dollars.