While coal sales have shown some signs of a rebound, low natural-gas prices continue to pressure the fossil fuel demand and pricing.
Peabody Energy Mining News
No signs of production slowdown in major coal-exporting countries.
The former billionaire denied media reports saying his $150 million agreement to buy coal mine could be delayed or derailed because he has not satisfied contractual financing conditions.
Even if the railroad capacity problem is fixed, mine capacity may not be able to grow fast enough to meet demand, say experts.
Nathan Tinkler, the Australian electrician turned mining entrepreneur, has bought Peabody Energy’s Wilkie Creek mine in Queensland.
But most of them are.
Company expects improved market balance this year.
Indiana judge ruled the fully impact of coal waste from its Bear Run coal mine, east of the Mississippi River, was inadequately assessed.
Mongolia is offering infrastructure companies ways to swap investments for equity in 6.4 billion tonne Tavan Tolgoi met coal deposit.
State review of proposed coal terminal will take into account carbon-dioxide impact when coal shipped from Washington is burned in other nations.
Adding 70 positions after slashing more than 100.
Up 5% on the markets