Cheap Gas Hurts US Coal
Record low gas prices are pushing coal out of the US energy mix, resulting in rising US thermal exports and falling global prices. Continue reading...
View ArticleCoal Markets in Oversupply
After years of massive investment, coal production is finally coming to roost. Too bad it's coming all at once.Continue reading...
View ArticleCoal to be Dominant Fuel Source by 2020: Wood Mackenzie
Wood Mackenzie believes that by 2020, coal will take oil's place as the most dominant source of fuel in the world.Continue reading...
View ArticleStable 2014 in Store for US Coal Producers
2013 US coal production and export numbers are expected to come in lower than they were in 2012, but Moody's sees this year bringing stability for those producing the fuel in the country. Continue...
View ArticleThe Met Coal Market in 2014: Conditions to Improve, Says Joe Aldina
Wood Mackenzie analyst Joe Aldina discusses the thermal and met coal markets and when they may start to "turn the corner."Continue reading...
View ArticleThe Thermal Coal Market in 2014: Slow and Steady Recovery
The thermal coal market story may be gloomy, but as with met coal, analyst Joe Aldina is confident that a recovery is on the horizon.Continue reading...
View ArticleCoal Outlook 2015: Material Recovery in Pricing Still a Few Years Out
2014 hasn't been the best year for the coal market. Next year, Joe Aldina of Wood Mackenzie expects to see more high-cost supply come out of the market, but his firm isn't calling for a material...
View ArticleJonny Sultoon Talks Coal Price and Coal Market Outlook at PDAC 2015
At PDAC, Resource Investing News spoke with Jonny Sultoon of Wood Mackenzie about some of the key factors driving the coal market. Overall, he sees "possible price floors being reached" in 2015, with...
View ArticleMorgan Stanley Coal Price Outlook
Morgan Stanley put out its Global Metals Playbook this week, and things aren't looking great for many of the commodities mentioned in the report. Unfortunately, thermal and metallurgical coal were not...
View ArticleCIBC: Met Coal Price Showing Signs of Life
In its latest Base Metals Monthly Watch, CIBC notes that on May 28, the seaborne metallurgical coal price saw its largest rise since November 4 of last year. Overall, CIBC is forecasting an average met...
View ArticleGlencore to Shut West Wallsend Mine Next Year
Mineweb reported that Glencore Plc (LSE:GLEN) has decided to close its West Wallsend underground coal mine in Australia in 2016, citing poor coal prices as the reason behind the decision. The post...
View Article5 Top Coal Stories for Q1 2015
The first quarter of 2015 didn't bring much relief for the coal price and coal companies. And unfortunately now that we're well into the second quarter of the year, the situation is not looking much...
View ArticleBC Buys Arctos Project from Fortune Minerals and POSCAN for $18.3 Million
The buy comes as the government looks to resolve issues raised by the local Tahltan Nation regarding development of the project. The post BC Buys Arctos Project from Fortune Minerals and POSCAN for...
View ArticleThermal Coal Price Recovery Could Take Years
Australian Mining reported that Jean-Sébastien Jacques, Rio Tinto plc's (ASX:RIO,LSE:RIO,NYSE:RIO) new coal boss, believes that it will take a long time for the market to see a recovery in the thermal...
View ArticleAlpha Natural Resources to Cut 500 More Jobs in Central Appalachian
Mining Weekly reported that Alpha Natural Resources (NYSE:ANR) is planning to idle more of its coal operations in the United States due to persistently poor conditions in the coal market. The post...
View ArticleLower Steel Production Hurting Coking Coal Prices
Pressure on coking coal prices isn't likely to let up any time soon, according to the latest report from BMO Capital Markets. The post Lower Steel Production Hurting Coking Coal Prices appeared first...
View ArticleTeck Resources Cuts Coal Output Forecast
Teck Resources (TSX:TCK.B) released its unaudited Q2 results on Thursday, reporting that all of its operations have remained cash flow positive. It reported that rotating shutdowns at its coal...
View ArticleGeorge Soros is Investing Millions in Coal
Despite spending millions fighting climate change and funding clean energy, billionaire George Soros now looks to be investing in coal. The post George Soros is Investing Millions in Coal appeared...
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Highlights from the 2015 Coal Association of Canada Conference
CAC Chairperson of the Board, Max Wang At the 2015 Coal Association of Canada (CAC) conference, held in Vancouver on September 17 and 18, members of the coal industry met to discuss how those around...
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Teck Resources Reports $2.1 Billion Loss on Asset Writedowns
Teck Resources (TSX:TCK.B) reported a loss of $2.1 billion for the third quarter. The company also reported $2.2 billion in non-cash, after-tax impairment charges in “non-cash revaluations of assets to...
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