Coal - 29 July 2015

China remains oversupplied with coal on significantly lower consumption that the last two years.

Consol Energy has announced a second quarter loss of US$603 million following a writedown of its oil and gas assets

Peabody Energy has announced a quarterly loss of US$1.01 billion on writedowns of US$900.8 billion on its Australian metallurgical coal operations and US assets for sale.

A joint venture between Aspire Mining and Noble Group: the Ekhgoviin Chuluu Joint Venture has commenced 2015 exploration programme at the Nuurstei metallurgical coal project.

A 153% y/y increase in solar PV electricity supply has had a significant impact on the UK’s power industry with coal’s share of the energy mix dropping to just 23%.