Coal – The Globe and Mail reported that a slump in coal prices is hurting mining in British Columbia and has caused US-based Walter Energy Inc. (NYSE:WLT) to cease mining operations in the province.
Articles Tagged "Coal Market News"
Coal – Forbes reported today that three major regulatory changes will go into effect this spring, forcing power plants that use coal to upgrade operations or close them down. US coal users will thus have to look at new, superior coal technologies to move forward.
Coal – The Financial Times reported that veteran turnaround investor Jon Moulton is considering a move to buy parts of UK Coal in the wake of news that two of Britain’s last coal mines may soon close. UK Coal is currently seeking a government bailout. According to the publication: UK Coal needs £20m, including £10m from the government, for [...]
Coal – The telegraph reported that Kellingley Colliery in Yorkshire and Thoresby Colliery in Nottinghamshire will close within the next year and a half as the mines are no longer commercially viable, leaving Hatfield Colliery in Ed Miliband’s Doncaster North constituency as the last remaining coal pit in Britain. Cheap imports of US shale gas have combined with a weak dollar to help make UK coal mines unprofitable.
Coal – International Business Times reported yesterday that data from North Sea oil and gas exploration indicates that there are huge coal deposits under the North Sea that could power Britain for hundreds of years.
Coal – Mining Weekly reported that according to Rowan Karstel, CEO of Beacon Hill Resources plc (LSE:BHR), the Tete coalfield, located in Mozambique, has more development potential over the next 10 years than other sub-Saharan coal mining areas.
Coal – The Guardian reported that the Kemper County energy facility, which is set to come online later this year, will be the first power plant in the United States that is able to capture and store carbon dioxide emissions.
Coal – Bloomberg reported that although lawmakers in the Norwegian capital of Oslo are considering banning their country's sovereign wealth fund from investing in coal companies, Norway has nevertheless opened a new coal mine on the Svalbard archipelago.
Coal – Reuters reported that in 2013, Colombia put out 85.5 million tonnes of coal, a 4-percent decrease from 2012 and below the country's production target. The decline was mainly due to strikes at the two top miners in the nation.
Coal – Reuters reported that Mozambique's deputy mines minister, Abdul Razak Noormahomed, said Tuesday that the country may raise royalty taxes on coal, a key export.