Saturday 23 November 2024
 
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coal business

Alpha close to $7bn Massey deal

Alpha Natural Resources, one of the biggest firms in the Appalachian coal business, is close to a deal to buy Massey Energy Company for about $7 billion, sources said. Massey shareholders will receive slightly more than one Alpha

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Coal business 'robust despite price fall'

Dubai-based traders Coastal Energy, a wholly-owned subsidiary of the C&O Group, has said its coal trading business was robust despite the slide in coal prices due to strong demand from buyers. "Despite the global slowdown, Indian deman

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