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Monday, January 23, 2012
Vilified as a dirty energy source in advanced industrialized economies, coal is booming around the world. Emerging economies are the critical driving force behind the continued growth, but barriers do exist. Continue reading » -
Monday, January 9, 2012
In 2012, China is apt to be the driving force of the coal markets, followed by its fellow emerging markets. Continue reading » -
Monday, December 19, 2011
Looking to capitalize on Mongolia’s growing importance as a strategic raw materials supplier to resource-hungry China, private commodities company Trafigura is actively expanding its already significant position in the global resource market. Continue reading » -
Tuesday, December 6, 2011
While 2011 was not as radiant as its long term coal projections, both thermal and coking coal markets saw consistent production and consumption growth. Continue reading » -
Monday, November 21, 2011
Falling Chinese thermal coal demand in the short-term is falling due to adequate stockpiles. However, the long-term trend is likely to be a growing reliance on foreign sources for Chinese consumers. Continue reading » -
Thursday, November 3, 2011
Concerns of weakening US and Chinese growth and European instability have led to a drop in coal company share prices However, coal production levels and expansion investments remain robust on the back of continued emerging market growth. Continue reading »
FirstEnergy to Shut Down Six Coal Plants
FirstEnergy Corp. (NYSE:FE) announced it plans to close six coal plants due to the introduction of new environmental regulations.
Lower Dollar Boosts Coal Prices
Reuters reported that a dip in the dollar prompted coal prices to rise.
Higher Coal Prices Help Consol Energy
MarketWatch reported that Consol Energy (NYSE:CNX) profits were up 87% in fourth quarter.
Production Up, Sales Down for Gloucester Coal
MarketWatch reported that Gloucester Coal (ASX:GCL) reported higher coal output but that market conditions were deteriorating.
Kinder Morgan and Arch Coal Work on Coal Expansion
Reuters reported that Arch Coal (NYSE:ACI) and Kinder Morgan (NYSE:KMI) have reached a coal throughput agreement.
Pacific Coal Announces Quarterly and Full Year Update
Pacific Coal Resources Ltd. (TSXV:PAK) announced an update on activities at its three coal mines.
Japanese Shipping Company Targets US Coal Exports
Bloomberg reported that shipper Daichi Chuo (TSE:9132) hopes to take advantage of a coal boom by shipping US exports.
Putin Commits Funds to Boost Coal Sector
Reuters reported that Russia’s Prime Minister will inject $8 billion into improving the country’s coal sector.
Chandgana Power Plant Project EPC, PPA, Project Financing Update
An update on the Prophecy Coal Corp. (TSX:PCY,OTCQX:PRPCF,FWB:1P2) EPC (Engineering, Procurement, Construction), PPA (Power Purchase Agreement), and project financing in connection with its proposed Chandgana power plant project in Mongolia: 4 Chinese EPC companies have reviewed information and conducted project site visits in Mongolia, and Prophecy working closely with a working commission on the PPA.
Euro Coal Down on Lower Chinese Demand
Reuters reported that Euro coal prices fell slightly as demand waned during China’s Lunar New Year holiday.
US Coal Stocks Up on Chesapeake Announcement
Bloomberg reported that shares in US coal mining companies rose after Chesapeake (NYSE:CHK) said gas production would be cut.
South Africa and Swaziland Partner Up to Improve Coal Shipments
Mining Weekly reported that a planned railway line should alleviate pressure on the existing coal corridor.
Newcastle Coal Prices Fall as Lunar New Year Approaches
Platts reported that Newcastle thermal coal prices fell as Chinese demand dropped off.
Global Met Coal Corp Submits Technical Report
Global Met Coal Corporation (TSXV:GMZ,FWB:B1H) announced its submission of a technical report on the Mongolia-based Mogoin Gol Coking Coal Deposit.
Kuzbassrazrezugol Planning Coal Production Cut
Bloomberg reported that Russian coal producer Kuzbassrazrezugol intends to decrease production this year.
- Novadx Ventures Corp. – Emerging Coal Producer
- Prophecy Coal — Fulfilling Asia’s Energy Needs
- SouthGobi – Powering China’s Growth
- Thelon Capital Ltd. – Approximately 14 million tons of Inferred Coal Reserves
- Westcore Energy Ltd.- North American Energy Solutions
Asides
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Thu, Jan 26, 2012