Oct 6- Bankrupt miner Patriot Coal Corp, which is in the midst of auctioning off its assets, has issued a new WARN notice to its employees. Patriot Coal expects to lay off more than 2,000 workers in West Virginia, the Associated Press reported Tuesday. The new WARN notice from Patriot Coal extended the period from the original WARN notice issued on Aug. 3, 2015, because...» Read More
Australian mining-to-retail conglomerate Wesfarmers on Wednesday cut its full-year coal sales forecast, citing flooding in Australia and weak demand in Asia that is depressing sales prices.
Rob Knight, Union Pacific CFO, discusses his company's record fourth quarter and weighs in on the weak demand for coal.
Michael Ward, CSX Corporation chairman & CEO, breaks down his company's mixed fourth quarter results, as slumping coal demand and low natural gas prices continue to weigh on the sector.
Mexico's Los Zetas drug cartel has entered Mexico’s Coahuila region and has swiftly brought every aspect of commerce, politics, and business under its control in less than three years. But the expansion was not undertaken to increase its drug trafficking or prostitution operations. It was so the cartel could enter the business of coal mining.
Dominic Schnider , Head, Commodity Research, UBS Wealth Management says quantitative easing is good for precious metals, while base metals will benefit from stronger global growth in 2013.
Andrew Dale, Head of Resources Research, Asia, Macquarie says China's coal market faces high inventory levels and weak prices. He gives his top stock pick for the sector.
Jan Fabian, incoming CEO of OKD,a coal company, tells CNBC that despite an ongoing recession in the Czech Republic, this region boasts a very stable business environment.
Despite the cries for green energy solutions, coal as a fuel is more popular now than it has been in many years, primarily because it is cheap and easy to ship. The NYT reports.
The "Fast Money" trader explains why he sees opportunity in this stock now.
Treasury yields are much lower today as traders worry about the looming fiscal cliff, with CNBC's Bertha Coombs; and Moody's decided it will not immediately downgrade the U.S. if the country goes over the fiscal cliff. And, a look at how to protect your money, with Tom Lee, JPMorgan Chief U.S. Equity Strategist.
Both Mitt Romney and Barack Obama like coal. But should you? The FMHR traders weigh in.
The "Fast Money" pros place their energy bets for the post-election era.
The U.S. Coal Index has fallen more than 70 percent since its peak in August 2010. Mad Money host Jim Cramer takes a closer look at the technicals, saying if Romney wins there will be a multi-year coal move.
Mad Money host Jim Cramer weighs in on President Obama and Mitt Romney's position on energy independence for North America.
President Obama blasted Mitt Romney on coal in last night's debate, with Beth Daley, Boston Globe. CNBC's Hampton Pearson has been talking to coal miners all day in Chester, Virginia, and reports their position on the candidates.
Following the second debate between President Obama and challenger Mitt Romney, the idea that a win by either candidate would make a difference for the coal industry is nonsense, Joe Terranova of Virtus Investment Partners said Wednesday on CNBC.
Michael Ward, CSX Corporation president, chairman, & CEO, breaks down the transportation company's third quarter earnings of $0.44 EPS on $2.89 billion in revenues, and discusses the impact of coal costs on the company's bottom line.
One stock that we are watching very closely in London today, is coal mining company BUMI, it fell twelve percent yesterday and may come under more pressure today. Catherine Boyle has more.
Coal stocks are looking increasingly attractive as the price of natural gas rises, commodities trader Dennis Gartman said Friday on CNBC.
Coal stocks seem to be finally rebounding, with CNBC contributor Mike Khouw of CRT Capital Group LLC.