Coal Hits a Wall in US Market
Sliding demand is forcing US coal producers to reassess their future after several American miners shut down capacity and shifted focus abroad.
Articles Tagged "Coal Market News"
Greece to Charge Fees for Coal-Generated Electricity
Reuters reported that Greece is planning to impose a fee on power generated from coal.
Thermal Coal Prices Fall as Chinese Demand Softens
Falling Chinese thermal coal demand in the short-term is falling due to adequate stockpiles. However, the long-term trend is likely to be a growing reliance on foreign sources for Chinese consumers.
Coal Mining Production Growing Despite Volatility
Concerns of weakening US and Chinese growth and European instability have led to a drop in coal company share prices However, coal production levels and expansion investments remain robust on the back of continued emerging market growth.
Coal India First-Quarter Profit Beats Estimates on Higher Prices, Demand
Bloomberg reported that Coal India's (BOM:533278) profits for first quarter were higher than analysts' expectations.
Navajo Nation Settles Coal Mining Royalty Case
Business week reports that the Navajo Nation's allegations that a coal mining company conspired with others to deprive the tribe out of millions of dollars has been settled in federal court.
Australian Coal Premium to Widen on Asia Growth
Bloomberg reported that Australian coal’s premium over Europe is expected to widen as economies in China and India expand.
EPA Warming Plan Under Fire in House
MSNBC reported that a political battle is brewing in the US over potential new emissions rules that some believe will create a "war on domestic coal."
BLM Denies Request to Change Coal Leasing Process
Bloomberg reported that environmental groups were unsuccessful at convincing the US Bureau of Land Management to change their coal leasing process in Wyoming and Montana. The article states that: In 2009, the groups WildEarth Guardians and the Sierra Club asked the BLM to change the policy so the BLM alone would decide which coal reserves [...]
Sherritt to Release Third Quarter 2010 Financial Results
Sherritt International Corporation (TSE:S) reported that it is scheduled to release its third quarter 2010 earnings results on Wednesday October 27, 2010, before markets open. The release will be followed by an analyst conference call at 2:00 p.m (Eastern Time).
