Coal

Hal Quinn has sounded a positive note on the Republican takeover of the Senate in the US Midterm Elections.

Coal India Limited has beaten its production target for October, for the first time in seven months, Reuters reports.

Bank of America Merrill Lynch has cut its price forecast for Newcastle coal to US$65/t for 2015 on the back of growing oversupply.

The news stories that caught the eye of the World Coal news team this week.

Rhino Resources reports net loss in Q3 2014, compared to a net profit in the same quarter last year.

Legal settlement proceeds of US$ 19.5 million have helped bump up the margins for Oxford Resource Partners over Q3 2014.

Bowie Resources will scale back production at the Bowie #2 coal mine in Colorado.

Cloud Peak Energy has released a report on its earnings through to Q3 of 2014.

Murray Energy claims to have added 100 million t of coal reserves and resources to southern Illinois portfolio.

Arch Coal has reported financial results for Q3 2014.

A coal mine in Turkey has flooded with water, trapping 18 miners underground.

The Solid Energy board has delayed a decision on whether to continue with the re-entry project at the Pike River coal mine, where 29 miners lost their lives.

Multi-billion dollar mine and infrastructure development projects planned in Australia’s Galilee Basin will face an uphill struggle to secure funding under current pricing environment.

The stories that caught the attention of the World Coal team this week.

The 10th European Conference on Coal Research and its Applications (ECCRIA10) took place in September in Hull, UK.