VANCOUVER — Attending the Coal Association of Canada’s annual gathering here in downtown Vancouver, it’s clear it’s a pretty terrible time to be in the coal business, and that goes for both the metallurgical (met or…
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,…
VANCOUVER — In 2011 the metallurgical coal market was hot. Chinese demand seemed insatiable and floods had disrupted Australian supplies, pushing prices as high as US$300 a tonne.
U.S. stocks kicked off the trading week by posting their worst day since Nov. 7, 2012, with the Boston Marathon bombings, lower-than-expected Chinese gross domestic product growth and a tumbling gold price accelerating equity sell-offs . On…
VANCOUVER – Walter Energy (WLT-T, WLT-N) is curtailing operations at its Willow Creek mine in northern British Columbia until metallurgical coal prices improve, the fifth met coal mine Walter has curtailed in the last 18 months as the…
The S&P 500’s seven-week winning streak ground to a halt with the benchmark index falling 0.1% to 1,515.60. The Dow Jones Industrial Average edged 0.1% higher to finish at 14,000.57 and The Philadelphia Gold and Silver index…
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