Article Directory

EY: Coal M&A to Accelerate in 2015

In a report titled "Mergers, acquisitions and capital raising in mining and metals," EY takes a look at what's been happening in the coal space over the past year and what might be in store for 2015.

Cardero Announces New Resource Estimate for Carbon Creek

Cardero Resource has made good on a promise to put out a new technical report for its Carbon Creek joint venture project. Carbon Creek underwent a significant change back in June when Cardero withdrew from a coal lease that made up part of the project, rendering a previous prefeasibility study invalid.

Coal Outlook 2015: Material Recovery in Pricing Still a Few Years Out

2014 hasn't been the best year for the coal market. Next year, Joe Aldina of Wood Mackenzie expects to see more high-cost supply come out of the market, but his firm isn't calling for a material recovery in coal prices for another couple of years.

News of CALPERS Potentially Divesting its Coal Assets Overdone

A California state senator might propose a bill in January that would require CALPERS 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. 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."