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Coal - 15 December 2015

Arch Coal delays interest payments

Arch Coal will defer US$90 million of interest payments under a 30-day grace period clause in its indenture agreements.

 

Not a pretty picture

Bank of American Merrill Lynch expect coal prices to continue to fall in 2016 as supply and demand trends keep the market in surplus.

 
 

US coal output to continue to fall in 2016

US coal production will fall by a further 3% in 2016 after a drop of almost 100 million t in 2015, according to the EIA’s latest Short-Term Energy Outlook.