Aussie floods push price of coal for steelmaking toward new record
Local officials are saying that the floods in the northern Australian state of Queensland have reached “biblical proportions.” The floods, a result of the wettest spring on record, have struck an area bigger than France and Germany combined. Flooding from six rivers...Acquisition fever burns hot–here are three stocks to profit from the frenzy
Acquisition frenzy is upon us. August is on a path to be the second best August ever for acquisitions. Making a profit from one of these deals ought to be as easy as shooting fish in a barrel. Except it’s not. Many of the barrels as completely void of deals: fire away...Peabody's the name if Asian coal is the game
(I am on vacation until August 24. During that time Jubak Picks will operate on a reduced schedule of one or two posts a day.) If China is the story in coal—and I think it is since China is now the No. 1 energy consumer and uses about three times as much coal as the...Now it's coal that's on fire–because of the snow
Bad idea to run out of coal during a cold spell. But that’s exactly what’s happened to China’s utilities. Near panic spot buying has sent the price of thermal coal above $100 a metric ton for the first time in a year. China imported about 50 million metric tons of...Jim’s Daily Email Alerts:
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