Coal

The World Coal Association urges the World Bank to consider the key role of coal in bringing affordable, reliable electricity to developing and emerging economies particularly across Asia.

Market members from the UK and United Arab Emirates join the globalCOAL trading community.

Vale’s coal business reported a US$102 million loss in 2Q15, improving on the US$128 million loss in the previous quarter.

Cloud Peak Energy announces its 2 Q15 results. Adjusted EBITDA stands at US$10.6 million and shipments decline to 16 million short t.

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%.

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.