5 Top Coal Stories for Q1 2015

The first quarter of 2015 didn't bring much relief for the coal price and coal companies.

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Company News

Murray Energy to lay off around 1,800

Mining.com reported that US coal miner Murray Energy Corp. would lay off up to 1,800 workers in response to falling prices and demand for coal.

SouthGobi Extends TSX Delisting Review

South Gobi Resources Ltd. (TSX:SGQ) announced the extension of the TSX delisting review following the decision of the Continued Listing Committee of the Toronto Stock Exchange to defer its delisting decision until no later than June 24, 2015.

BHP Fined $25m in Olympics Probe

Mineweb reported that BHP Billiton Plc (NYSE:BHP) would pay $25 million fine for violating a U.S. anti-bribery law by failing to monitor a program during the 2008 Summer Olympics in Beijing.

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Company Videos

Morien Resources Looks to Purchase Other Royalties in 2015

Morien Resources Corp. (TSXV:MOX) CEO John Budreski, spoke to Resource Investing News at the Vancouver Resource Investment Conference 2015 about the Donkin Coal Project in Nova Scotia, Canada.

Fortune Minerals (TSX:FT) Troy Nazarewicz Talks Anthracite Coal in BC

Fortune Minerals Ltd. (TSX:FT) Investor Relations Manager Troy Nazarewicz spoke to Resource Investing News at the Vancouver Resource Investment Conference about its two advanced projects: NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories, and the Arctos Anthracite project in British Columbia.

INN Video: Stefan Szary of Saturn Minerals Inc.

Saturn Minerals Inc. (TSXV:SMI) Director Stefan Szary spoke with Resource Investing News about his company's coal, oil and gas assets in Saskatchewan. Mr. Szary said that investors should consider Saturn Minerals because "we have one of the largest coal seams in Canada: 89 meters, shallow, right by a rail, and in the course of that, we have oil and gas seeps and 1500 square kilometres of oil and gas rights as well, in the Williston Basis."

Market News

Axa Scraps Coal Investments

France’s largest insurer, Axa, has axed holdings in coal companies because of concerns about climate change. As quoted in the market news, Axa SA Chief Executive Officer Henri de Castries said he’s working to sell 500 million euros ($702 million) of coal assets and triple “green investments” to 3 billion euros by 2020. He joined investors [...]

Credit Agricole to Stop Financing Coal Miners

Mineweb reported that French bank Credit Agricole will not finance coal mining or miners as lenders grow concerned over funding coal due to environmental concerns.

Further Layoffs for Central Appalachian Coal Mines

McGraw Hill Financial reported that the Central Appalachian coal industry's struggles continued as Walter Energy said it may soon lay off as many as 370 coal workers in Alabama, just days after Alpha Natural Resources said it cut down its workforce in its Kentucky and West Virginia operations by 71 employees.

China Pollution War Threatens Coal Price Recovery

Bloomberg reported that China’s struggle to control its pollution level is threatening the recovery of coal prices from the lowest level in almost nine years.

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