The Wall Street Journal reported that Glencore Xstrata plc (LSE:GLEN) is going to shelve its plans for a new coal export terminal in Queensland, Australia. The decision reportedly comes on the back of the company's concern about the medium-term outlook for the coal industry.
Coal’s fall has been significant this year, but some suggest there are signs of a comeback on the horizon.
Paragon Report released research on Arch Coal Inc. (NYSE:ACI), Patriot Coal Corporation (NYSE:PCX) and the outlook for the coal industry.
The Street reported that demand for coal from China is being targeted by analysts as a rising opportunity in the coal market.
Mining Weekly reported that Southern African Coal Processing Society chairperson Mark Cresswell sees opportunity for South Africa's coal sector.
Platts reported on the role of the coal industry in fighting climate change.
Forbes reported on what could happen to the coal industry in the US with new emissions restrictions.
Platts reported that analyst Prakash Sharma predicted that thermal coal prices would stay at high levels over the long run.
Platts reported that by 2015, China's coal demand is predicted to reach 4.2 billion metric tons a year.
Platts reported that Deutsche Bank said its forecast thermal coal price outlook anticipates oversupply in global markets.
Get our independent commentary on coal trends and companies delivered to your inbox.
