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Coal

 

Cloud Peak earnings fall on weak coal demand

US coal company, Cloud Peak Energy, has announced a fall in earnings in 3Q15 to US$39 million as demand remains weak in domestic and international markets.

 
 

Peabody loss widens in 3Q15

The largest coal miner in the US, Peabody Energy, has announced a loss of US$304.7 million in 3Q15 as low gas prices continue to subdue demand for coal.

 
 

Consol Energy reports 3Q15 results

Consol Energy reports net income of US$119 million for 3Q15. Its coal division produced 7.3 million short t but average sale prices have seen declines compared to 3Q14.

 

How to secure your coal supply

Paul Baruya’s latest report for the IEA Clean Coal Centre, Coal contracts and long-term supplies, examines long-term fuel supply contracts, where they are used and the features that make them attractive to many utilities.

 

New CEO and management promotions at Westmoreland Coal

Following Keith E. Alessi’s retirement announcement, Westmoreland Coal has appointed Kevin A. Paprzycki as the new CEO. The company has also made two further promotions within the executive team.

 
 

Westmoreland Coal reports steady 3Q15 results

Westmoreland Coal reports a steady quarter for 3Q15 with revenues increasing primarily due to the WMLP and Buckingham acquisitions and adjusted EBITDA increasing due to the WMLP and Canadian acquisitions but this was limited by poor weather conditions.

 
 
 

A balancing act

Despite low costs of production, it is Indonesian producers that are doing much of the leg work to rebalance the seaborne thermal coal market.

 

Anglo American reports 3Q15 coal production

Anglo American reports increases in export metallurgical coal production in Australia, yet thermal coal production was relatively flat. Higher production at Cerrejón helped offset lower production from South Africa.