While Europe has shale plans of its own, there is as yet no unified EU policy. The reserves will be far harder to extract than in the United States and the final cost to consumers is likely to be substantially higher so Europe will not be able to free itself of dependence on gas imports from Russia any time soon.
--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, May 22- Asian giants China and India may be planning to improve the quality of coal they are burning, but it's unlikely any changes will have much effect on the level of imports for the foreseeable future.
SYDNEY, May 22- The end of Australia's resources boom is taking its toll on investment in the sector, with A $150 billion in planned projects delayed or cancelled since April 2012, government data shows. China's economic slowdown has squashed a decade-long mining boom in Australia that drove gold, copper, iron ore and coal to record prices.
Arch Coal rose$. 17 or 3.2 percent, to $5.55. Consol Energy Inc. rose$. 38 or 1.1 percent, to $35.44. Peabody Energy rose$. 08 or. 4 percent, to $21.17.
Arch Coal rose$. 39 or 7.2 percent, to $5.77. Consol Energy Inc. rose $1.02 or 2.9 percent, to $36.08. Peabody Energy rose$. 66 or 3.1 percent, to $21.75.
Arch Coal rose$. 15 or 2.8 percent, to $5.53. Consol Energy Inc. rose$. 36 or 1.0 percent, to $35.42. Peabody Energy fell$. 13 or. 6 percent, to $20.97.
LOUISVILLE, Ky.-- A longtime coal operator plans to open seven mines in the heart of the eastern Kentucky coalfields in a venture expected to create more than 250 jobs in a hard-pressed region where several thousand mining jobs have disappeared in recent years.
Arch Coal rose$. 37 or 7.4 percent, to $5.38. Consol Energy Inc. rose $1.09 or 3.2 percent, to $35.06. Peabody Energy rose$. 88 or 4.4 percent, to $21.09.
NEW YORK-- James River Coal Co. shares extended their rally Monday on news that the company reached deals to exchange about $243.4 million of existing debt for $123.3 million in new debt, pushing back the maturity of some of it by three years.
Arch Coal rose$. 35 or 7.0 percent, to $5.36. Consol Energy Inc. rose $1.44 or 4.2 percent, to $35.41. Peabody Energy rose$. 71 or 3.5 percent, to $20.92.
BOGOTA, May 20- With Colombia's oil reserves stretching to less than seven years, its biggest challenge is boosting exploration and attracting fresh investment to uncap a "world of discovery" in shale oil, the energy minister said.
Arch Coal rose$. 08 or 1.6 percent, to $5.09. Consol Energy Inc. rose$. 69 or 2.0 percent, to $34.66. Peabody Energy rose$. 30 or 1.5 percent, to $20.51.
LONDON, May 20- Petroleum coke piled up along the banks of the Detroit River has sparked a storm of protest from local residents and environmental campaigners, who claim they are just one more problem associated with the bituminous tar sands being mined in western Canada.
*Gold companies' shares drop, rand also under pressure. JOHANNESBURG, May 20- Big wage hikes demanded by the government-allied trade union in South Africa's coal and gold industries helped push the rand to a four-year low on Monday, highlighting the ripple effect of the prospect of more turmoil in the industry.
HOUSTON/ NEW YORK, May 20- For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. News from two of the country's less developed shale plays in Colorado and Ohio last week offer a reality check for the wave of euphoria that has washed across the industry.
HONG KONG, May 20- Hong Kong shares were set to start at their highest in more than a week on Monday, with index gains helped by a 4.4 percent climb for China Coal Energy as markets returned from a public holiday last Friday. The Hang Seng Index was expected to open up 1.2 percent at 23,348.7, its highest since May 9.
Arch Coal rose$. 05 or 1.0 percent, to $5.01. Consol Energy Inc. rose$. 33 or 1.0 percent, to $33.97. Peabody Energy rose$. 07 or. 3 percent, to $20.21.
Arch Coal rose$. 02 or. 4 percent, to $4.98. Consol Energy Inc. rose$. 05 or. 1 percent, to $33.69. Peabody Energy fell$. 05 or. 2 percent, to $20.09.
Arch Coal rose$. 10 or 2.0 percent, to $5.06. Consol Energy Inc. rose$. 36 or 1.1 percent, to $34.00. Peabody Energy rose$. 09 or. 4 percent, to $20.23.
MORGANTOWN, W.Va.-- CONSOL Energy Inc. says it's got federal approval to restart its sprawling Blacksville No. 2 coal mine with the morning shift on Monday. The operation straddling the West Virginia- Pennsylvania border was evacuated March 12 after smoke began pouring from a shaft in Wayne Township, Pa.