Construction Costs Hurt Duke Energy Profits
CNBC News reported that Duke Energy (NYSE:DUK) reported lower net income due to coal plant construction overruns.
Coal Market News Directory
India Looks At Sovereign Fund for Coal Assets
Reuters reported that the Indian government is considering a fund to help it buy overseas coal assets.
India’s Bureaucratic Delays Stall Overseas Coal Purchases
Bloomberg reported that India is struggling to complete purchases of overseas coal assets due to its own convoluted approval process.
Euro Coal Prices Recover Slightly
Reuters reported that the price of European coal finally stabilized after low prices attracted buyers.
Lower Chinese Demand Hurts Newcastle Coal Prices
Bloomberg reported that coal prices at Australia's Newcastle terminal dropped to an 18-month low due to weak demand.
Lower Ratings Cause Coal Stocks To Fall
CNBC News reported that coal stocks including Arch Coal (NYSE:ACI) and Consol Energy (NYSE:CNX) fell due to slow demand and lower analyst ratings.
Richards Bay Coal Price Falls Under $100
Bloomberg reported that coal export prices from South Africa's Richards Bay terminal dropped for a third week.
Oversupply Causes Euro Coal Price to Fall
Reuters reported that European prompt physical coal hit a two-year low due to oversupply in the market.
Euro Coal Prices Drop to Two-Year Low
Reuters reported that prices for European prompt physical coal fell to $90.50 per tonne.
Coal of Africa Extends Closing Date for Chapudi Acquisition
Mining Weekly reported that Coal of Africa (ASX:CZA) should close its acquisition of the Chapudi project in a few weeks.
