The business pages
Pittsburgh-based producer of coal and gas, Consol Energy, has signed several coal deals totalling 10.8 million short t over a three-year period, the company has said in a press release.
Arch Coal risks being delisted from the New York Stock Exchange for breaching listing standards.
Anglo American has announced a series of measures, including the loss of 85 000 jobs, aimed at steering the company through the current route in commodity prices.
Glencore is to cut jobs and restructure production at the Collinsville coal mine in Queensland.
Thiess, has been awarded an AUS$760 million contract to operate Glencore’s Mt Owen coal mine in the Hunter Valley of New South Wales.
Operational excellence and innovation remain at the top of Deloitte’s list of mining industry trends, but it’s adapting to the changed demand landscape that dominates the rest of the top five.
Teck is piloting the first use of LNG as a fuel for six haul trucks at its Fording River coal mine, which produces metallurgical coal in southeastern British Columbia, Canada.
Trains, planes and boats
Fitch Ratings has revised its global shipping sector outlook for 2016 as muted global trade growth and an economic slowdown in emerging markets exacerbate current overcapacity in the sector.
US rail operator, Norfolk Southern, has rejected Canadian Pacific’s latest offer for the company, saying it was “even more uncertain and risky” than the first offer.
Global Coal Sales Group, an exporter of thermal coal, is to reduce its committed throughput at Westshore Terminals in 2016 due to the low price of coal on the global market.
Coal can be clean!
Peabody Energy has honoured the world’s cleanest coal-fired plants with its Advanced Energy for Life Clean Coal Awards.
Politicians of all stripes have signed a motion lodged in the Scottish Parliament by SNP MSP Stewart Stevenson criticising the UK government’s decision withdraw funding from the UK CCS competition.
The carbon footprint of shale gas is no smaller than that of coal when measured over a hundred year period
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/coal/11122015/a-week-in-coal-7-11-december-2015-coal3280/