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News of CALPERS Potentially Divesting its Coal Assets Overdone

On December 15, news outlets announced that a California state senator might propose a bill in January that would require the California Public Employees’ Retirement System to divest of its holdings in companies that produce coal. This headline-grabbing news sent coal stocks and ARLP partners down significantly. However, Peter Epstein thinks that the reaction was possibly overdone.

India One Step Closer to Allowing Commercial Coal Mining

The Indian government moved forward with a bill to open up commercial mining in the country when the Lok Sabha passed the Coal Mines (Special Provisions) Bill, 2014 on Thursday. The bill includes the Coal Mine Nationalisation Act, which will allow companies to mine coal in India "in any form either for own consumption, sale or for any other purpose."

This Coal Company is Up 92 Percent in a Tough Market

Low coal prices have put many coal producers underwater, but one company is managing to go against the tide and has even managed to clock big returns this year. Westmoreland Coal Company is up 92 percent year-to-date, and had more good news to report on Wednesday — it just extended a long-term supply agreement for thermal coal from its Kemmerer mine in Wyoming.

MicroCoal Technologies Up 13 Percent on JV Announcement

MicroCoal Technologies ticked upward on the news that it has partnered with an affiliate of Hong Kong's Jiu Feng Investments in order to help advance its processes in Asian markets. MicroCoal has developed patented clean coal upgrading technology to improve the usability of lower-rank coals.