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Coal and Consumable Fuels

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  • Cuadrilla to appeal UK council's anti-fracking decision Thursday, 23 Jul 2015 | 11:35 AM ET

    LONDON— Cuadrilla Resources Ltd. says it will appeal a local authority decision to block the oil and gas exploration company's bid to frack shale gas in northwest England— a setback for plans to establish a fracking industry in Britain. Lancashire county councilors last month rejected plans for exploratory drilling at two sites about 240 miles northwest of...

  • UNP CEO: Coal volumes down nearly 30% Thursday, 23 Jul 2015 | 10:50 AM ET
    UNP CEO: Coal volumes down nearly 30%

    Insight on earnings, with Lance Fritz, Union Pacific president and CEO, who also discusses the impact coal, crude and natural gas pricing has on business.

  • July 23- Canadian miner Teck Resources Ltd reported a better-than-expected quarterly profit on Thursday, reflecting higher metals sales and lower costs, but said coal output could need further cutbacks if grim market conditions continue. Vancouver- based Teck reported adjusted earnings of 14 Canadian cents per share, above analysts' average estimate of 11...

  • July 23- Canadian miner Teck Resources Ltd reported a 21 percent fall in quarterly profit and cut its 2015 coal production forecast due to falling demand from China and increased supply from Australia. Net profit attributable to shareholders fell to C $63 million, or 11 Canadian cents per share, for the quarter, from C $80 million, or 14 Canadian cents per share, a...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 21- What does gold have in common with iron ore and coal? The broad picture for gold is that since the spot price reached its peak of $1,920.30 an ounce in September 2011, demand has dropped as supply has risen.

  • SALT LAKE CITY— Utah state officials have given the go-ahead for a tar sands mine under construction on the eastern flank of the state. Utah Division of Oil, Gas and Mining director John Baza said Monday that his decision addresses concerns raised by opposition while acknowledging that U.S. Oil Sands Inc., the Canadian company building the mine, has complied with...

  • Tony Abbott's hostility to wind farms could jeopardize Australia's biggest renewable energy project, a $2 billion-plus wind and solar plant.

  • *Australia is major coal producer. SYDNEY, July 20- Australian Prime Minister Tony Abbott's hostility to "visually awful" wind farms has sent a chill through the industry and could jeopardize the country's biggest renewable energy project, a $2 billion- plus wind and solar plant in the country's north. The anti-wind farm decree could stop the CEFC from providing...

  • CALGARY, Alberta, July 17- Nexen Energy apologized on Friday for an oil sands pipeline leak in the Canadian province of Alberta that is one of North America's largest-ever oil-related spills on land, and said its clean-up crews were working around the clock. The subsidiary of China's CNOOC Ltd said it is still trying to find the root cause of the leak in the...

  • CALGARY, Alberta, July 17- Nexen Energy apologized on Friday for an oil sands pipeline leak in the Canadian province of Alberta that is one of North America's largest-ever oil-related spills on land, and said its clean-up crews were working around the clock. Ron Bailey, a senior vice president of Nexen who leads the company's Canadian operations, said the company...

  • MANILA, Philippines— A wall in a vast coal pit collapsed in the central Philippines early Friday, killing five workers and leaving at least four others missing at a site where a similar deadly accident occurred two years ago, a governor said Friday. Rhodora Cadiao said the chances of rescuing the missing were dim because they were buried alive by mud and water at...

  • 3 dead, 6 missing in coal mine collapse in Philippines Thursday, 16 Jul 2015 | 10:07 PM ET

    MANILA, Philippines— A wall in a coal mining pit collapsed in the central Philippines, killing three workers and leaving at least six others missing, a provincial governor said Friday. Rhodora Cadiao said she ordered the operator to stop work at the open Panian pit on Semirara Island until the missing workers have been found. Coal makes up for about a third of...

  • Under the radar plays: Coal & LendingClub Thursday, 16 Jul 2015 | 12:44 PM ET
    Under the radar plays: Coal & LendingClub

    A look at two things the "Fast Money" traders are watching that you're probably missing.

  • APNewsBreak: New rule to protect streams near coal mines Thursday, 16 Jul 2015 | 11:11 AM ET

    WASHINGTON— The Obama administration proposed new regulations Thursday designed to reduce the environmental impact of coal mining on the nation's streams, a long-anticipated move that met quick resistance from Republicans, even as the administration projected only modest job losses in coal country. In describing the proposed rule's impact, the...

  • *Sees non-cash items for Minas Rio and some Australia coal assets. LONDON, July 16- Mining group Anglo American has warned of a second multi-billion dollar writedown this year on its coal and iron ore assets, demonstrating the growing impact of sliding commodity prices. The charge of between $3 billion and $4 billion flagged on Thursday, to be taken in its...

  • LONDON, July 16- Global mining company Anglo American expects to take a writeoff of between $3 billion and $4 billion in its first-half results because of the slide in prices for iron ore and coal, it said on Thursday. "Anglo American expects to record non-cash impairments within special items... relating to Minas Rio and certain Australian coal assets of...

  • Coal miner Walter Energy files for bankruptcy Wednesday, 15 Jul 2015 | 11:57 AM ET

    July 15- Coal miner Walter Energy Inc filed for bankruptcy protection on Wednesday after struggling with a steep fall in coal prices since 2011.. The Birmingham, Alabama- based company said its U.S. units have filed for a prepackaged Chapter 11 bankruptcy protection, but its other operations including those in Canada and the UK are not included in the filings.

  • Carbon stock interest waning: Strategist Wednesday, 15 Jul 2015 | 2:00 AM ET
    Carbon stock interest waning: Strategist

    Ewen Cameron Watt, chief investment strategist at BlackRock Investment Institute, says investor enthusiasm for carbon-linked stocks is retreating.

  • BEIJING, July 15- China churned out 327 million tonnes of coal in June, down 4.9 percent from the same period last year, despite rising seasonal power demand, with major producers slashing output to minimise losses, data from the country's statistics bureau showed. Production in the first six months reached 1.789 billion tonnes, down 5.8 percent compared with the...

  • BEIJING, July 15- China produced 327 million tonnes of coal in June, down 4.9 percent from the same period last year, with major producers slashing output to minimise losses, according to data from the country's statistics bureau. Production in the first six months reached 1.789 billion tonnes, down 5.8 percent compared with the same period of 2014, the National...