Coal and Consumable Fuels
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*Rothschild seeks to counter Bakrie plan to unwind Bumi. LONDON, Dec 10- Financier Nat Rothschild said he had secured the support of 11 investors including Abu Dhabi, Schroders and Standard Life as he seeks to counter efforts by his former partners in Bumi to dismantle the coal mining venture.
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TORONTO, Dec 10- The start-up of Imperial Oil Ltd's 110,000 barrel per day Kearl oil sands mine is being hampered by bitter winter weather in northern Alberta and is production is unlikely until January, the company's chief executive said on Monday.
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TORONTO, Dec 10- Canadian Oil Sands Ltd, the largest shareholder in the Syncrude Canada joint venture, said on Monday that the oil sands project was still looking to resolve problems causing a production shortfall.
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TORONTO, Dec 10- The chief executive of one of Canada's largest oil sands companies said on Monday that new government rules limiting control of the Alberta oil sands by state-owned companies will be healthy for the industry.
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FRANKFURT, Dec 7- Makers of chemicals and plastics from plant matter are emerging as unlikely beneficiaries of the abundance of U.S. shale gas, which is shaking up the global petrochemical industry.
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The Syncrude Project is a joint venture among Canadian Oil Sands, Imperial Oil Ltd, Mocal Energy, Murphy Oil Corp, Nexen Inc, Sinopec and Suncor Energy Inc, as the project owners, and Syncrude as the project operator.
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BEIJING, Dec 6- Big state Chinese power firms, such as the Huadian Group and top coal producer the Shenhua Group, have been named among the winners of the country's second shale gas auction, the Ministry of Land and Resources announced on Thursday.
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*Slump could pressure PICC Group debut on Friday. HONG KONG, Dec 5- Shares in Zhengzhou Coal Mining Machinery slid in their first day of Hong Kong trade after underwriters of the $300 million offering were stuck in the rare position of holding unsold stock, underscoring poor demand that bodes ill for Chinese insurer PICC's bigger debut on Friday.
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*Slump could pressure PICC Group debut on Friday. HONG KONG, Dec 5- Shares in Zhengzhou Coal Mining tumbled in their Hong Kong debut after underwriters of the $300 million offering were stuck in the rare position of holding unsold stock, underscoring poor demand that bodes ill for Chinese insurer PICC's debut on Friday.
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Andrew Dale, Head of Resources Research, Asia, Macquarie says China's coal market faces high inventory levels and weak prices. He gives his top stock pick for the sector.
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*Taxpayers stand to miss out on growing coal exports to Asia. WASHINGTON, Dec 4- U.S. miners who are booking big profits on coal sales to Asia are enjoying an accounting windfall to boot. At issue is the black rock pulled from the coal-rich Powder River Basin in Wyoming and Montana.
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WASHINGTON, Dec 4- U.S. miners who are booking big profits on coal sales to Asia are enjoying an accounting windfall to boot. "We are committed to collecting every dollar due," said Patrick Etchart, spokesman for the Office of Natural Resources Revenue, which collects federal royalties.
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*China to announce tender winners soon. BEIJING, Dec 4- Non-oil companies may have won most of the blocks offered in China's second shale gas auction, media and industry officials say, which may mean lucrative opportunities for service companies such as Schlumberger, Halliburton and China's Anton Oilfield Services Group.
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*Railway says will not extend line into Wyoming, Montana. TORONTO, Dec 3- Canadian Pacific Railway will take a C $180 million charge to abandon plans to expand into the Powder River coal-mining region in the U.S. states of Wyoming and Montana, citing weakness in the thermal coal market.
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OTTAWA, Nov 26- The United States will still need to import crude as production from the Bakken and other domestic shale oil regions rises, and Canada is a big potential source of such supplies, Fatih Birol, the International Energy Agency's chief economist, said Monday.
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Jan Fabian, incoming CEO of OKD,a coal company, tells CNBC that despite an ongoing recession in the Czech Republic, this region boasts a very stable business environment.
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Despite the cries for green energy solutions, coal as a fuel is more popular now than it has been in many years, primarily because it is cheap and easy to ship. The NYT reports.
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The "Fast Money" trader explains why he sees opportunity in this stock now.
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Treasury yields are much lower today as traders worry about the looming fiscal cliff, with CNBC's Bertha Coombs; and Moody's decided it will not immediately downgrade the U.S. if the country goes over the fiscal cliff. And, a look at how to protect your money, with Tom Lee, JPMorgan Chief U.S. Equity Strategist.
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Both Mitt Romney and Barack Obama like coal. But should you? The FMHR traders weigh in.