Articles Tagged "coal prices"

Coal ETF Falling on Weak Coal Prices

Coal – ETF Trends reported that the Market Vectors-Coal ETF (NYSEARCA:KOL) has fallen on a weaker performance from the coal market. According to the publication, the fund holds 34.7 percent US coal producers and 10.9 percent Australian companies.

Teck to Slow Reopening of Quintette Coal Mine as Prices Fall

Coal – Teck Resources Ltd. (TSX:TCK.A,NYSE:TCK) released its unaudited results for the second quarter of 2013, noting that its adjusted profit came in at $197 million, down from $398 million in 2012. Don Lindsay, president and CEO of the company, commented that prices for Teck's products, particularly steelmaking coal, have continued to weaken; as a result, it is "slowing" the reopening of the Quintette coal mine.