EPA Regulations Postponed; Coal Stocks Rise
Bloomberg reported that a delay on implementation of new Environmental Protection Agency rules caused coal stocks to increase.
Bloomberg reported that a delay on implementation of new Environmental Protection Agency rules caused coal stocks to increase.
Platts reported that stocks of coal at Chinese ports are up by just over 10% from last week.
Platts reported that four Chinese ports saw coal stocksdrop on November 27.
Platts reported that UK coal stocks were up last month, despite remaining lower on the year.
The Globe and Mail reported that Consol Energy Inc.'s (NYSE:CNX) shares rose on the company's increased profits due to higher steel-making coal prices.
Platts reported that strikes at coal mines in India caused a drop in Indian thermal coal stocks.
Bloomberg reported that the drop in coal stocks is inconsistent with coal prices, and this represents an opportunity for investors.
Reuters reported that coal stocks started to recover from recent declines.
Forbes reported that Arch Coal's (NYSE:ACI) downgraded coal outlook sent shares of coal companies down.
SouthGobi Resources Ltd. (TSX:SGQ) reported its completion of the third quarter and continues to see robust market activity in the coal sector.
Get our independent commentary on coal trends and companies delivered to your inbox.