Coal

Commentary: China's declining coal dependence 

Source: Print Archives | 2015-01-07
The latest energy-market numbers from the Chinese government show an acceleration of a remarkable phenomenon that emerged from 2012 to 2014. The bottom line today is that the traditional nexus between real gross domestic product (GDP) growth,...

U.S. equities drift lower, Dec. 29-Jan. 2 

Source: Print Archives | 2015-01-07
The Dow Jones Industrial Average and the S&P 500 Index climbed 1.4% and 0.9%, but the major indexes edged lower in the last trading week of the year, falling 1.2% and 1.5% in the following trading session. The Dow finished the week at...

BHP spinoff South32 to launch in mid-2015 

Source: Print Archives | 2014-12-24
BHP Billiton’s (LSE: BLT) spinoff company will be named South32, a nod to the location of its assets  in the southern hemisphere and a more cryptic salute to the location of its main offices in Australia and South Africa.

Miners struggle to adapt to lower coal prices 

Source: Print Archives | 2014-12-17
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.

Vale may sell part of its base metals division 

Source: Print Archives | 2014-12-10
After paying almost US$20 billion for Inco in 2006, Vale (NYSE: VALE) says it may sell part of its base metals division to unlock value.

Cliffs' Bloom Lake faces uncertain future 

Source: Print Archives | 2014-11-26
Struggling U.S.-based iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) may close its Bloom Lake iron ore mine in eastern Quebec, as it bids farewell to Canada.

Met coal producers prepare for long price weakness 

Source: Print Archives | 2014-11-19
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,...

Glencore to shut Australian coal mines temporarily 

Source: Print Archives | 2014-11-19
Glencore (LSE: GLEN) says it plans to shut down its coal operations in Australia for three weeks starting from mid-December due to slack demand and weak prices.

US stocks soar, Oct. 27-31 

Source: Print Archives | 2014-11-05
U.S. equities gained as the American economy showed signs of improvement.

Iron ore price collapse claims more victims 

Source: Print Archives | 2014-10-22
Cliffs Natural Resources (NYSE: CLF) and London Mining (US-OTC: LIIGF; LSE: LOND) have become the latest casualties of falling iron ore prices, with Cliffs warning that it expects to record a US$6-billion non-cash impairment charge in the third...

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