GLG News by Metallurgical Coal Experts

Corus is Europe’s 2nd largest steel producer which produces over 20 Mn tones crude steel with annual revenue of around 12 billion GBP. Corus was acquired by India based Tata Steel for $ 13.7 Bn. during April 2007. The company has steel manufacturing facilities in Britain and Netherlands. After...

I have more than 35 years experience in power & energy industry that includes fossil (Coal & Gas) based power plants as well as non conventional energy like hydro power & wind energy farms. I was key person for selection of vendors / OEM suppliers among all leading Wind Energy vendors e.g....

Title is misleading, though the article is well written. It ignores many other ways to consume solar and paints with a broad brush. I agree with the conclusions on photovoltaic.

- LNG imports into the UK may reduce reliance on Russian gas - Zeebrugge hub importance played down - LNG hope and reality not congruent - UK LNG is about $10/mmbtu vs LNG at Lake Charles which is about $5/mmbtu.  Russian gas is an unknown.

Tradewinds quoted Fearnley Fonds as suggesting that EGL is already in breach of its debt covenants due to falling asset values and that dividend cuts will be necessary.  While dividend cuts are inevitable, true asset values are higher than suggested.

    The Dakota Minnesota & Eastern (DM&E) Railroad was recently acquired by the Canadian Pacific (CP) Railway.  The DM&E has for years been proposing an extension to the Wyoming Powder River Basin coal reserves.  This project, if commenced, would upgrade an...

Africa  : Untapped in oil and gas deposits Africa  : A paradise of world emigration Africa  : Untouchable  by  natural disasters

Britannia Bulk Holdings (NYSE:DWT) published a press release indicating a dire financial crisis at the company.  DWT is an example of issues facing many speculative dry bulk owners.

The bankruptcy filing by Industrial Carriers Corp (ICI) is likely to be replicated many times over the next two years, but will not affect a significant percentage of drybulk operators.

Spot rates for dry bulk shipping have dropped below variable operating costs.  Fundamentally, this should not be the case.  Rates will recover.