The Sydney Morning Herald reported that investors in companies with coal assets should consider the potential future deflating of these assets as pressure to cut emissions mounts, according to a new report.
Reuters reported that Chinese coal imports for March rose by 13.3 percent, marking the first rise after two consecutive months of decline, but are still significantly down from the end of last year.
Bloomberg reported that power plants like Dynegy Corp. and Duke Energy Corp. are bracing for new EPA rules regarding water waste, which are expected to levy more cost on an already struggling U.S. coal industry.
Bloomberg reported that Mongolia's Erdenes Tavan Tolgoi LLC expects to resume coal exports to China next week after a three-month stand off.
Bloomberg reported that Peabody Energy reported a loss for Q1 that was less than had been anticipated . As quoted in the market report:
Bloomberg reported that Peabody Energy is seeking to have a lawsuit from Patriot Coal over retiree obligations dismissed.
Reuters reported that Rio Tinto is mulling over the future of its Mount Thorley Warkworth minin Australia, after a court rejected their request to expand it. As quoted in the market report:
Mining Weekly reported that, despite reports to the contrary, the mining industry remains a crucial part of the South African economy, as there are a vast number of products and services that rely heavily on the minerals and resources mined there.
Bloomberg reported that Japan's biggest electrical utility, Tokyo Electric Power Co, is turning to coal plants increasingly for power, and plans to reduce more costly oil purchases by up to a third
Bloomberg reported that Rio Tinto has lifted force majeure at thermal coal supply contracts from its Kestrel mine after flooding swamped the rail line.
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