Peabody Energy Corporation

US stocks fall, Aug.17-21

U.S. equities tumbled as investors took in new data signaling a slowdown in China and a report that showed an unexpected rise in U.S. crude stockpiles, fuelling concerns of a global oil surplus. The S&P 500 Index and the Dow Jones…

Wall Street dips, June 29-July 2

U.S. equities fell ahead of the Independence Day weekend as Greece’s debt crisis continued. The Dow Jones Industrial Average and the S&P 500 Index both lost 1.2% to end at 17,730.11 and 2,076.78. The spot gold price slipped 0.6% to…

US stock indexes flat, June 8-12

Concerns over a stalemate in Greece’s debt talks and improving economic data in the U.S. that could accelerate interest rates kept the lid on U.S. equities during the trading week. The Dow Jones Industrial Average advanced 0.3% to finish…

U.S. markets feel the chill, Jan. 26-30

The final week of January was a mixed bag. On the bright side for resource investors, gold and oil prices climbed to US$1,283.10 per oz. and US$52.99 a barrel, respectively, while U.S. consumer spending also improved, rising 4.3% in the fourth…

A surveyor measures a coal stockpile at Anglo American's Greenside thermal coal mine in South Africa. Credit: Anglo American

Miners struggle to adapt to lower coal prices

Thermal coal prices recently touched a five-and-a-half-year low of US$62.25 per tonne, and the market has seen several mining companies announce plans to sell coal assets or take on partners to weather the downturn.

A truck at Teck Resources Fording River metallurgical coal project in southeastern B.C. Credit: Teck Resources

Met coal producers prepare for long price weakness

The benchmark price for metallurgical coal has dropped to a multi-year low of US$119 per tonne, and Moody’s Investors Service doesn’t see much relief for met coal producers until the second half of 2016. In the meantime, it warns,…

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