Reuters reported that due to the rising cost of natural gas, more U.S. utilities may be turning towards coal for power, according to electricity traders. As quoted in the market report: A recent increase in U.S. natural gas prices and a decline in coal is set to dent demand for gas as utilities use more [...]
Bloomberg reported that Indonesian coal swaps held steady.
Bloomberg reported that South African coal export prices have reached a three-year low.
Corsa Coal Corp. (TSXV:CSO) announced its results for the third quarter of 2012, commenting that it sold 138,000 tons of metallurgical coal at an average realized price of $152 per ton.
Facing labor unrest, declining Chinese demand and decreased thermal coal prices, South African coal producers are turning to Europe to pick up excess supply.
Bloomberg reported that according to Moody's Investors Services, it seems the switch from coal generated electricity to natural gas electricity looks to be permanent.
Reuters reported that on Monday workers at Fenoco, Colombia's main coal railway, will vote on whether to lift a strike that has been going on for 18 days. The strike is pushing up coal prices even though coal is available in the Atlantic and Pacific markets.
After years of massive investment, coal production is finally coming to roost. Too bad it's coming all at once.
Months of economic worry have led to Europeans choosing coal over gas, reversing the trend seen in the US.
Indonesia’s coal sector is dealing with a sluggish market and the roll out of unpopular new mining laws. But the outlook is still good for the world’s largest thermal coal exporter.
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