Coal – Arch Coal Inc. (NYSE:ACI) announced that privately owned Blackhawk Mining LLC has purchased its Hazard subsidiary for $26.3 million in cash, "prior to post-closing adjustments."
Articles Tagged "thermal coal"
Coal – Mining Weekly reported that Anglo American plc (LSE:AAL) will probably cut an unspecified number jobs at its Australia-based Drayton thermal coal mine in the near future.
Coal – There are two types of metallurgical coal, thermal and metallurgical. Here's a look at what they are used for, where they are mined and which companies are mining them.
Coal – Bloomberg reported that as a result of declining coal prices, Peabody Energy Corp. (NYSE:BTU) plans to cease production at its Queensland-based Wilkie Creek thermal coal mine by the end of the year.
Coal – Bloomberg reported that Ivan Glasenberg, CEO of Glencore Xstrata plc (LSE:GLEN), is pushing his company to invest more in thermal coal than its three closest competitors, namely BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT), Anglo American plc (LSE:AAL) and Rio Tinto plc (ASX:RIO,NYSE:RIO,LSE:RIO).
Coal – Reuters reported that according to Glencore Xstrata plc (LSE:GLEN), thermal coal prices are likely to rise in the medium term, partially due to high electricity demand in Asia. The fact that the fuel is currently in oversupply due to "healthy exports from major producers" and "modest demand" will also contribute to a price rise.
Coal – Reuters reported that as China makes the switch to cleaner energy, its demand for thermal coal will drop; however, emerging markets in the same region will compensate for the Asian giant's absence.
Coal – There are four main types of coal: lignite, sub-bituminous, bituminous and anthracite. Here's a look at their characteristics and uses.
Coal – Reuters reported that according to the Bureau of Resources and Energy Economics, Australia is set to export 192 million tonnes of thermal coal from 2013 to 2014, a 6-percent increase. In the five years following that time, the country's exports of the fuel are expected to rise at an average rate of 8 percent.
Coal – Reuters reported that although Indonesia is the world's top exporter of thermal coal, every year over $5 billion worth of the fuel is mined illegally and as a result goes untaxed.