Monday, October 13, 2014

Former Xstrata boss tried buying BHP’s coal assets

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Coal News Digest
Tuesday 14 October 2014
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It is unclear whether Mick Davis bid for all the assets that BHP ended up including in the new to-be listed firm.

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Welder at work.

The Guardian and ABC News led with the remarks in its coverage.

The US$3.4 billion project is expected to produce up to 5.5 million tonnes metallurgical coal per year and create 500 jobs in Queensland.

The sudden reversion to protectionism is designed to save the local coal industry.

The commodities trader and miner explored a stock-exchange listing Down Under.

Anglo's chief warned the company plans to take severe measures over the next two years.

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The fog hanging over the South African assets of Continental Coal may clear in the next few days in the wake of 'offers' for the mines.

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