Going Against the Fear Curve: Dan Chu on the Coal Market

Going Against the Fear Curve: Dan Chu on the Coal Market

At the 2014 Coal Association of Canada Conference and Trade Show, seasoned metals and mining investment banker Dan Chu shared his views on the coal market and tried to answer the question "is now the time to invest?"

Read More Feature Articles

 

Company News

Anglo American to Stop Production at Peace River Coal Mine

Reuters reported that Anglo American Plc (LSE:AAL) plans to halt production at its Peace River coal mine in British Columbia at the end of this year. Anglo cited weak prices for metallurgical coal as driving its decision.

Fortune Minerals Hoping BC-Tahltan Talks Will Continue

Mining Weekly reported that contrary to recent reports, Fortune Minerals Ltd. (TSX:FT) is pleased with the news that the government of British Columbia and the Tahltan First Nation are making a "renewed effort to conclude the Klappan Strategic Initiative."

Read More Company News

Market News

China to Ban High Ash, High Sulphur Thermal Coal Imports

Reuters reported that China is planning to ban imports of coal with high ash and sulphur content in a bid to combat air pollution. The new regulations are slated to come into effect in 2015.

Coking Coal at Bottom, Set to Rebound, Citigroup

The Australian reported today that the outlook for coking coal prices seems to be picking up, with predictions for a price between US$130 and US$150 per tonne near term. Prices could reach up to US$170 in the longer term, according to the news outlet.

India Supreme Court Holds Off on Coal Block Decision

Reuters reported that a hearing on illegal coal licenses in India ended on Tuesday with the Supreme Court stating it would reserve judgement for a later date. In August, the court found India's method of granting coal licenses to be illegal, putting hundreds of coal blocks in limbo and threatening India's already precarious supply.

India Taking Emergency Steps to Deal with Coal Shortages

Mining Weekly reported yesterday that the Indian government has ordered coal miners in the country to "launch emergency measures" in order to deal with coal shortages facing thermal power producers.

Read More Market News

Authors

See all Authors