Coal


U.S. equities drift lower, Dec. 29-Jan. 2

The Dow Jones Industrial Average and the S&P 500 Index climbed 1.4% and 0.9%, but the major indexes edged lower in the last trading week of the year, falling 1.2% and 1.5% in the following trading session. The Dow finished the week at…


Source: China government statistics, TWh = terawatt hour, Mt = megaton

Commentary: China’s declining coal dependence

The latest energy-market numbers from the Chinese government show an acceleration of a remarkable phenomenon that emerged from 2012 to 2014. The bottom line today is that the traditional nexus between real gross domestic product (GDP) growth,…


A stockpile at BHP Billiton's Illawarra metallurgical coal-mining complex in New South Wales, Australia. Illawarra will be part of the South32 spinoff. Credit: BHP Billiton

BHP spinoff South32 to launch in mid-2015

BHP Billiton’s (LSE: BLT) spinoff company will be named South32, a nod to the location of its assets  in the southern hemisphere and a more cryptic salute to the location of its main offices in Australia and South Africa.


A surveyor measures a coal stockpile at Anglo American's Greenside thermal coal mine in South Africa. Credit: Anglo American

Miners struggle to adapt to lower coal prices

Thermal coal prices recently touched a five-and-a-half-year low of US$62.25 per tonne, and the market has seen several mining companies announce plans to sell coal assets or take on partners to weather the downturn.



Cliffs’ Bloom Lake faces uncertain future

Struggling U.S.-based iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) may close its Bloom Lake iron ore mine in eastern Quebec, as it bids farewell to Canada.


A truck at Teck Resources Fording River metallurgical coal project in southeastern B.C. Credit: Teck Resources

Met coal producers prepare for long price weakness

The benchmark price for metallurgical coal has dropped to a multi-year low of US$119 per tonne, and Moody’s Investors Service doesn’t see much relief for met coal producers until the second half of 2016. In the meantime, it warns,…




Volatility hits US stocks, Oct. 13-17

U.S. equities ended the choppy trading week in negative territory. The Dow Jones Industrial Average fell 164 points to 16,380.41, despite a late partial recovery that snapped a six-day losing streak on the back of strong earnings reports. 


Cliffs Natural Resources'  Koolyanobbing iron ore mine in Australia. Credit:  Cliffs Natural Resources

Iron ore price collapse claims more victims

Cliffs Natural Resources (NYSE: CLF) and London Mining (US-OTC: LIIGF; LSE: LOND) have become the latest casualties of falling iron ore prices, with Cliffs warning that it expects to record a US$6-billion non-cash impairment charge in the third…


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