It is reported that 3Q15 metallurgical coal contracts between Australian coal miners and Japanese steel producers have dropped 15%.
Coal - 22 June 2015
Tighter self-bonding requirements for US coal companies could speed up coal industry restructuring in the US, as it would further reduce company liquidity.
Hal Quinn, President and CEO of the US National Mining Association, has criticised current regulatory actions against the coal industry as “policy-based asset destruction”.
According to the latest report from the US Energy Information Agency (EIA), coal production continued to decline y/y for the week ending 13 June.