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Tag: coal prices

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Coal Prices Buoyed by Cold Snap

Reuters reported that while coal prices rebounded from multi-year lows this week, the longer-term outlook remains weak. That’s largely because demand for the fuel is being tamped down by cheap oil and lower consumption in major markets.

Glencore to Cut More Australian Coal Output

Reuters reported that Glencore Plc (LSE:GLEN) said Monday that it is planning to shutter its Collinsville colliery in Australia for three weeks amidst lower coal prices. The company will also cut a further 180 jobs from the mine.

Coal in 2015: Another Tough Year

Coal in 2015: Another Tough Year

The Investing News Network got in touch with global coal researchers at Wood Mackenzie to get more insight into trends driving the coal market in 2015. Here’s a brief overview of the coal space this year.

Coal Stocks 2015

Coal Stocks 2015

Coal stocks have lost plenty of ground this year, and most analysts and market watchers say a material recovery is a few years out. Still it’s worth keeping an eye on junior coal stocks and what they’ve been up to in 2015.

Alpha Natural Resources Could Soon File for Bankruptcy

Alpha Natural Resources (OTCMKTS:ANRZ) is planning to file for bankruptcy as soon as Monday, Bloomberg reported. Three people with direct knowledge of the matter told the news outlet that Alpha is considering such measures in light of weak metallurgical coal prices.

BP Energy Report: Coal Growth to Slow Over Medium Term

Mining Weekly reported on BP’s publication ‘Energy in 2014: After a calm comes the storm.’ According to BP chief economist Spencer Dale, coal will retain a dominant share of global energy (currently around 30 percent) but he added that “its rate of growth was likely to slow over the medium

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