Coal

The World Coal team round up the biggest news stories from the global coal industry this week.

Justice has announced the buyback of Bluestone Coal.

According to Business Monitor International (BMI), India’s domestic coal sector continues to be hampered by labour unrest and Coal India’s inability to meet nationwide coal demand.

According to Business Monitor International (BMI), the Asian seaborne thermal coal market will be characterised by high volumes and low prices in 2015.

Lawmakers in the state of Wyoming advocate a bill that would enable the state to issue US$1billion in bonds to support the construction of a Northwest port for shipping coal to Asia.

Indian coal output may be set to increase, as greater private investment in the industry spurs innovation and efficiency gains.

Linc Energy sells its conventional coal business to United Mining Group and retains rights to a potential US$590 million in future revenue.

According to Business Monitor International (BMI), Russia will shift its coal export focus to Asia, as the country faces competition from low cost coal producers exporting to Europe.

Cloud Peak Energy reported a drop in EBITDA for 2014 on the back of lower prices and reduced shipments resulting from rail services issues.

UK coal miner, Hargreaves Services, will halve output at its Scottish opencast mines in response to lower coal prices and weak demand.

Honeywell Process Solutions to provide comprehensive services and support for the control systems of the Sasol Secunda coal-to-liquids plant.

The US Energy Information Administration (EIA) has released its Short-Term Energy Outlook (STEO), highlighting falling coal prices.

Shell Chairman, Ben van Beurden, has lodged an argument against the cessation of fossil fuels use, insisting that they do have a role to play in a low carbon, high energy future.

Business Monitor International (BMI) expresses a downbeat view on industry prospects in South Africa.

Peabody Energy has been honoured for leadership advancing sustainable energy solution at the 5th World Energy PetroCoal Congress.