Future Coal
Coal isn’t what it used to be and neither is its future. Clean coal's future isn’t as bright as it was a few years ago, but will it remain viable long after "cheap gas"?
Cheap Gas Hurts US Coal
Record low gas prices are pushing coal out of the US energy mix, resulting in rising US thermal exports and falling global prices.
Indonesia’s Coal Game
Indonesia’s coal sector is dealing with a sluggish market and the roll out of unpopular new mining laws.
China Slows Coal Markets
Exports coming out of China and news of slowing demand and have left many traders uncertain of where coal prices will settle in the coming months.
Market News
Patriot Coal Shares Recover Slightly
The Street reported that shares of Patriot Coal (NYSE:PCX) rallied as the company said it was in talks to secure financing.
Coal Producer Bogdanka Drops on Lower Prices
Bloomberg reported that a drop in thermal coal prices caused shares of Polish coal producer Bogdanka to fall.
Banpu Stock Price Falls to 30-Month Low
Reuters reported that the Banpu pcl (FRA:BPFF) share price fell to its lowest in two and a half years.
Euro Coal Price Falls By $1
Reuters reported that prices for European ARA thermal coal fell slightly.
Company News
Cardero Reaches Agreement on Coal Shipments with Ridley Terminals
Cardero Resource Corp. (TSX:CDU,AMEX:CDY,FWB:CR5) announced it has agreed to terms regarding coal shipments from its British Columbia-based Carbon Creek deposit.
Peabody Leases Low Sulfur Coal Reserves
Peabody Energy Inc. (NYSE:BTU) announced it successfully bid to lease coal reserves near its Wyoming-based North Antelope Rochelle Mine.
Colonial Coal Updates Corporate Activities
Colonial Coal International Corp. (TSXV:CAD) announced an update to its British Columbia-based coal projects.
Novadx Initiates New Strategic Plan
Novadx Ventures Corp.(TSXV:NDX) announced the initiation of a new strategic plan which focuses on four key initiatives. The Company put the plan in place with the help of Sandstorm Metals & Energy Ltd.
