Alpha Natural loss smaller than expected, costs down

Alpha Natural Resources reported a narrower-then-expected first-quarter loss on Thursday thanks to cost-cutting in a tough market. It was the third consecutive quarter that lower costs, partly the result of thermal coal production cuts made last...

North America becoming big coal exporter as domestic consumption declines

The North American coal industry is in transition; a significant decline in domestic consumption means that it is becoming a significant exporter of the fossil fuel to emerging economies, especially those in Asia.

North America becoming big coal exporter as domestic consumption declines

The North American coal industry is in transition; a significant decline in domestic consumption means that it is becoming a significant exporter of the fossil fuel to emerging economies, especially those in Asia. The domestic US coal market has...

Coal seen slipping to 2010 low in Xstrata talks

Coal Seen Slipping to 2010 Low in Xstrata Talks: Energy Markets Xstrata, which sets prices for Australian thermal coal contracts, is poised to sell the fuel to Japan at the lowest level in three years amid speculation the nation’s imports will...

Yancoal takes over Middlemount mining

ASX-listed Yancoal would take over operations at the Middlemount coal joint venture (JV), after reaching an agreement with mining services provider NRW Holdings. Yancoal said in a statement on Thursday that it would restructure the current mining...

Company Announcement: Minbos Appoints new Managing Director, Chief Financial Officer and

Minbos Resources Limited is pleased to announce the appointment of Mr Scott Sullivan as Managing Director and Mr James Carter as Chief Financial Officer effective immediately

Patriot miners sue Peabody, Arch over retiree benefits

Peabody Energy and Arch Coal are being sued by mineworkers who content that the companies have an obligation to pay pension and healthcare benefits that were transferred to Patriot Coal in a 2007 spinoff. Eight mine workers and their union, the...

Insolvent Patriot Coal CEO steps down, COO takes over

St Louis, Missouri-based coal miner Patriot Coal, which in July filed for US Chapter 11 bankruptcy protection, on Wednesday said COO Bennett Hatfield would take over the reins as president and CEO, after Irl Engelhardt stepped down with immediate...

Queensland producers shut mines, shed jobs as coal faces ‘perfect storm’

Recent announcements by coal majors of job cuts and lower production expectations have sent a clear message to the government that the industry was not a “bottomless pit” for revenue, the Queensland Resources Council (QRC) said on Monday....

Peabody’s profit cools amid signs of rebounding coal markets

New York-listed coal miner Peabody Energy on Tuesday reported a 25% drop in year-on-year headline earnings per share (HEPS) for the first half of the year and a 37% drop in HEPS for the June quarter amid signs of a recovering coal market. Despite...

Europe burning coal at fastest pace since 2006

Europe is burning coal at the fastest pace since 2006, as surging imports from US producers such as Arch Coal helped cut prices 26% in a year and benefited European power companies including EON.

Peabody names acting president for Americas unit

New York-listed coal miner Peabody Energy named Charles Meintjes as the acting president of its Americas business unit. Meintjes replaced Richard Navarre, who retired after a 19-year career with Peabody and had been president of Peabody Americas...