Coal

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.

Anglo American’s coal business made US$438 million in 2014 – a 25% drop on 2013.

The European Commission has approved public funding to help towards closing an “uncompetitive” coal mine in the Czech Republic.

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

World Coal Association calls for greater investment in cleaner coal technologies

Alpha Natural Resources lost US$875 million last year as weakening coal prices continue to cast gloom over the US coal industry.

West Virginia Coal Association and Friends of Coal Thank the State Senate for Passing the Coal Jobs and Safety Act of 2015

In the latest in a series of efforts to address climate change, the US state of California has called on two of the largest US pension funds to divest from coal.