Coal - 28 July 2015

Fitch Ratings has downgraded Peabody Energy, indicating a default at the world’s largest private-sector coal miner is now a real possibility.

Cloud Peak Energy is in the process of moving a dragline from its Cordero Rojo mine to its Antelope mine.

CoAL reports updates on the Makhado project, the Mooiplaats colliery, the Vele colliery and the Greater Soutpansberg project. The company also reports on financial and corporate features.

US rail operator, Norfolk Southern, has suffered a 33% drop in its coal business in 2Q15.

US coal mining company has postponed its planned reverse stock split.

Allison Transmission Holdings reports net sales for 2Q15 of US$511 million. This is a 5% decrease from the same period in 2014 and is attributed to lower demand in the global Off-Highway and Defense end markets.