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Tag: sub bituminous coal

Coal 101: What is Anthracite?

Coal 101: What is Anthracite?

Anthracite is one of the four types of coal. Here’s a look at what it’s used for, as well as where it’s mined and which companies are mining it.

Introduction to Coal Investing

For thousands of years coal has been used as an important source of energy, including a crucial role as a driving force in the Industrial Revolution. Today, coal is the largest source of energy for electricity generation in the world. Coal provides 27 percent of global primary energy needs and

Rio Tinto’s Debt Gamble, BHP Builds

Coal Investing News reports Rio Tinto has more asset sales since February 2008.
Arch Coal has completed the acquisition of Rio Tinto’s Jacobs Ranch coal mine for a purchase price of approximately $764 million, which includes an estimate for working capital adjustments.

In 2008, Jacobs Ranch produced 42.1 million tons of sub-bituminous

Rio Tinto’s Debt Gamble, BHP Builds

Arch Coal has completed the acquisition of Rio Tinto’s Jacobs Ranch coal mine for $764 million. For Rio Tinto, under tremendous pressure to reduce its $42-billion debt, the selling spree has just got underway. Meanwhile, rival BHP Billiton is sitting pretty with $18 billion in cash, and is eyeing 5

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