China's "control coal" policy may not bode well for the United States, which plans to ship the fossil fuel to Asia via West Coast terminals.
Articles Tagged "peabody energy"
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.
Can investors still make money investing in the beaten-up US coal sector?
Mining Weekly reported that Peabody Energy reported a $1 billion loss in Q4 2012, and expects to bleed further in the current quarter before beginning to rebound, with an increase in prices to steel-making coal.
Coal’s fall has been significant this year, but some suggest there are signs of a comeback on the horizon.
Patriot Coal is the first big US coal casualty of cheap natural gas, but will others have the same fate?
Peabody Energy (NYSE:BTU) announced that it has leased 721 million tons of ultra low sulfur coal reserves near its Wyoming mine.
Reuters reported that a Chinese company has bid to purchase Peabody Energy's (NYSE:BTU) Australia-based Wilkie Creek mine.
Peabody Energy Inc. (NYSE:BTU) announced it successfully bid to lease coal reserves near its Wyoming-based North Antelope Rochelle Mine.