Skip to main content

Drilling & production

BHP Billiton announces fourth quarter production figures

The world’s largest mining company has announced Q4 2012 production figures broadly in line with analyst’s expectations for petroleum and metallurgical coal, although thermal coal production was lower.

 
 
 
 
 
 

Caterpillar stung by Chinese investment

Caterpillar has announced it will take a US$ 580 million “goodwill impairment charge” on its acquisition of ERA Mining Machinery and its subsidiary, Zhengzhou Siwei Mechanical & Electrical Manufacturing Co. Ltd.

 
 
 
 

US coal prices and production down in 2012

The US Energy Information Agency (EIA) has released a report on US coal production and prices for 2012 that shows both were down from 2011 figures.

 

Rio Tinto releases Q4 2012 operations review

Global mining major, Rio Tinto, has released its Q4 2012 operations review, reporting a rise in thermal coal production but a drop in metallurgical coal production.

 

Trelleborg acquires SeaTechnik

Trelleborg Marine Systems has announced the acquisition of Sea Systems Technology Ltd, significantly strengthening its berthing, docking and mooring business

 

CONSOL Energy agrees sale of two Canadian coal assets

Diversified US fuel producer, CONSOL Energy, has agreed sale of two coal assets in Canada for a total of US$ 127 million. The sale of these properties is part of an ongoing strategy sell non-core assets, which is expected to continue in 2013.

 

EIA releases first Short-Term Energy Outlook for 2013

The US Energy Information Administration (EIA) has released its first Short-Term Energy Outlook for 2013. The EIA predicts average Brent crude oil and Henry Hub natural gas prices spot prices will fall compared to 2012. Coal’s share of the energy mix will rise.