US coal news

Moody's says in a new report that the North American coal industry outlook is stable for the next 12 - 18 months. Thermal coal remains in secular decline, but prices will remain favourable for most coals.

Teck has announced a share buyback increase to CAN$1 billion and a redemption of US$600 million principal amount of notes.

ACCCE urges the Governor of Indiana and other leaders to carefully consider the effects of these coal retirements on the electricity grid.

The US Energy Department and NETL have announced US$4 million in federal funding for 10 fossil energy and coal technology R&D projects.

An integrated plan calls for more than 80% reduction in carbon emissions with more renewables, carbon-free nuclear energy and cleaner natural gas.

Cloud Peak Energy has obtained interim approval to access US$10 million of its US$35 million debtor-in-possession financing. Mines are set to continue normal operations.

The US says it has seized a North Korean cargo ship, accusing it of violating international sanctions.

National Energy Technology Laboratory (NETL) Director Brian Anderson highlighted the lab’s leadership in advanced manufacturing as he led a fossil energy-focused panel discussion at a two-day summit hosted this week by the US Department of Energy.

Cloud Peak Energy expects its mines will continue normal operations throughout the process, safely and efficiently meeting all customer commitments.

Peabody has reported its earnings for the first quarter of 2019, with a key highlight being revenues of US$1.25 billion.