Oil and Gas Coal and Consumable Fuels

  • *China trying to steer economy towards domestic consumption. YULIN, China, Aug 22- At the section of the Great Wall of China that runs through Yulin, tour guide Gao Jing says she tried to learn English in expectation of the increased number of overseas visitors the city planned to attract as part of its economic transformation. But the international tourists...

  • *China trying to steer economy towards domestic consumption. YULIN, China, Aug 22- At the section of the Great Wall of China that runs through Yulin, tour guide Gao Jing says she tried to learn English in expectation of the increased number of overseas visitors the city planned to attract as part of its economic transformation. But the international tourists...

  • *Strategy to bypass China pays off. SYDNEY, Aug 18- Australia's Whitehaven Coal Ltd returned to the black and beat profit forecasts on Thursday, buoyed in part by a strategy that sidesteps a reliance on China for its high-quality coal. Unlike larger rivals such as Peabody Energy, Glencore and Anglo American, which are curtailing production or getting out of coal...

  • SINGAPORE, Aug 18- Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities. "Reasons for the increase in prices include mine closures in Indonesia, United States and Australia and policy change by Chinese authorities,"...

  • Aug 17- Bankrupt coal company Peabody Energy won U.S. court approval on Wednesday for agreements with three states to partially cover $1.14 billion in potential environmental liabilities and for a bonus plan for its six top executives. Under the agreements, Wyoming can receive $127 million in cash if Peabody walks away from its mine cleanup obligations in the...

  • SINGAPORE, Aug 17- Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities. Global mining majors like Glencore and Anglo American, but also regional Asian players like Thailand's Banpu, are reaping the benefits.

  • CHICAGO, Aug 16- A leading U.S. coal regulator announced plans on Tuesday to toughen what it called "out-of-date" rules for guaranteeing mine cleanups. The Office of Surface Mining and Reclamation Enforcement said it would start working with U.S. state regulators to modify rules on self-bonding, a decades-old program that allowed healthy coal companies to post...

  • The company is already listed on the Australian Stock Exchange with a market capitalisation of A $9.6 million at the close on Friday and said in a statement it would issue new shares in London. It will use the proceeds from the London listing to fund a potential Mauritania project, which is in the process of a feasibility study that is expected to finish in late...

  • LONDON, Aug 15- Australian uranium miner Aura Energy Ltd is making a bet on a rebound in uranium prices as it lists in London, hoping to raise about 2.85 million pounds to fund development of a mine in Mauritania, its chief executive said on Monday. It will use most of the proceeds from the listing to fund its Mauritania project, which is in the process of a feasibility...

  • The company is already listed on the Australian Stock Exchange with a market capitalisation of $510.50 million at the close on Friday and said in a statement it would issue new shares in London. It will use the proceeds from the London listing to fund a potential Mauritania project, which is in the process of a feasibility study that is expected to finish in late...

  • Preparing hot coals for a ritual where local temples will carry God icons across the fire. The annual harbour cleansing ritual is to ensure safety at sea and a bountiful catch in the year ahead, and takes place on the day of the first full moon in the Chinese lunar calendar.

    Coal prices have surged recently on supply-side reforms in China, with gains set to continue with the onset of the La Nina.

  • Glencore Output

    A bright spot in Glencore's operations update was that it raised its copper production guidance, says Clarksons Platou Securities' Jeremy Sussman.

  • BEIJING, Aug 11- China's plan to reduce its excess coal output capacity has fallen behind with leading producing provinces yet to cut, as Beijing acts on over supply damaging coal companies, the National Development and Reform Commission said on Thursday. China said in February it expected to lay off 1.8 million workers in the coal and steel industries, or about...

  • Peabody, the biggest U.S. coal miner, filed for bankruptcy protection in April after a sharp drop in coal prices left it unable to service its $10.1 billion debt, much of it incurred for to expand in Australia. Peabody said it would review its assets in Australia to run a "smaller but more profitable" basis. The company said in May it would sell its interest in...

  • EHRENFELD, Pa., Aug 9- From Appalachia to Wyoming, surging demand for cheap natural gas, tougher environmental regulations and multiple coal company bankruptcies have left behind a devastated coal business, lost jobs and billions of dollars in cleanup work. Many of the jobs are gone for good, but ex-miners can repair the damaged land and shape a post-coal economy,...

  • WASHINGTON, Aug 9- U.S. states should force coal companies to set aside collateral to pay for future mine cleanups and protect taxpayers as the industry braces for further declines, a leading federal regulator said on Tuesday. With coal production outstripping demand, the market is not likely to recover until at least 2021, Joe Pizarchik, who heads the Office of...

  • Miners wait to enter the Tashan coal mine near Datong, in northern Shanxi province.

    Shanxi has moved to ease rising pressure on its largest coal miners by extending the maturity on up to $60 billion in loans, the FT reports.

  • His plan says little about fundamental economics that have sent crude oil prices spiraling and cut U.S. dependence on coal.

  • SHANGHAI/ BEIJING, Aug 8- Seven large Shanxi province-owned coal miners will be permitted to extend the maturities of some existing debt, state news agency Xinhua reported, as Chinese regulators continue their efforts to provide a softer landing for the stricken sector. Citing a document released by the Shanxi branch of China's banking regulator, Xinhua said...

  • His wife, daughter, and sons Rocky and Tony, both miners, turned out for ice-cream, pop and a farewell toast for a man who had been at the West Virginia strip mine since the beginning. In a generation, the Hobet mine transformed from a small, founder-run operation to a company cheered in three different incarnations by Wall Street and twice bankrupt- a twisting path...