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Coal and Consumable Fuels

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  • July 24- The steel-making coal market needs to cut another 10 million tonnes of production to get into balance, the chief of Teck Resources Ltd said on Thursday after the Canadian miner reported a sharp fall in profit, mainly due to weak coal prices.

  • Midday Glance: Coal companies Thursday, 24 Jul 2014 | 1:23 PM ET

    Arch Coal rose$. 06 or 2.0 percent, to $2.93. Consol Energy Inc. rose$. 09 or. 2 percent, to $40.80. Peabody Energy rose$. 14 or. 9 percent, to $15.11.

  • Early Glance: Coal companies Thursday, 24 Jul 2014 | 11:37 AM ET

    Arch Coal rose$. 04 or 1.4 percent, to $2.91. Consol Energy Inc. fell$. 01 or percent, to $40.70. Peabody Energy rose$. 06 or. 4 percent, to $15.03.

  • July 24- Canadian diversified miner Teck Resources Ltd reported a 44 percent drop in quarterly earnings, mainly due to "significantly" lower coal prices. On an adjusted basis, Vancouver- based Teck's earnings fell to 13 Canadian cents per share from 34 Canadian cents per share.

  • Teck Resources' profit falls as coal prices remain weak Thursday, 24 Jul 2014 | 5:13 AM ET

    July 24- Canadian diversified miner Teck Resources Ltd reported a 44 percent drop in quarterly earnings, mainly due to "significantly" lower coal prices. Net profit attributable to shareholders fell to C $80 million, or 14 Canadian cents per share, in the second quarter ended June 30, from C $143 million, or 25 Canadian cents per share, in the same period a year earlier.

  • *Copper, metallurgical coal output also set to rise in FY2015. SYDNEY, July 23- BHP Billiton beat its own guidance for full-year iron ore output, saying it mined a record 225 million tonnes in fiscal 2014, 4 percent ahead of its forecast, leading productivity gains across a number of businesses.

  • Final Glance: Coal companies Tuesday, 22 Jul 2014 | 6:02 PM ET

    Arch Coal rose$. 01 or. 3 percent, to $3.00. Consol Energy Inc. fell$. 12 or. 3 percent, to $40.76. Peabody Energy fell$. 14 or. 9 percent, to $15.18.

  • Midday Glance: Coal companies Tuesday, 22 Jul 2014 | 1:57 PM ET

    Arch Coal rose$. 03 or. 8 percent, to $3.02. Consol Energy Inc. rose$. 11 or. 3 percent, to $40.99. Peabody Energy rose$. 20 or 1.3 percent, to $15.52.

  • *Mozambique coal ambitions face setback in depressed market. MAPUTO, July 22- A Thai-Mozambican consortium has set a 2018 target to commission a $4.5 billion coal export railway and port terminal project in central Mozambique, but the depressed global coal prices outlook made the timing "tough", the company's president said.

  • July 22- Coal miner Peabody Energy Corp reported a smaller-than-expected quarterly loss, helped by stronger price realizations in the United States and higher sales volumes in Australia.

  • Early Glance: Coal companies Tuesday, 22 Jul 2014 | 11:16 AM ET

    Arch Coal unchanged at $2.99. Consol Energy Inc. rose$. 24 or. 6 percent, to $41.12. Peabody Energy rose$. 31 or 2.0 percent, to $15.63.

  • Lawsuit expected after vote to ban tar sands oil Tuesday, 22 Jul 2014 | 8:54 AM ET

    SOUTH PORTLAND, Maine— With a potential lawsuit targeting a decision to ban tar sands oil in South Portland, the governor's energy chief said Tuesday that he hopes the state can eventually have a conversation about managing the flow of petroleum products rather than having it decided locally.

  • Peabody quarterly revenue rises 2 pct Tuesday, 22 Jul 2014 | 8:28 AM ET

    July 22- Coal miner Peabody Energy Corp reported a 2 percent rise in quarterly revenue, helped by an increase in shipments and prices at its mining operations in western U.S. states such as Wyoming, Colorado and Montana.

  • *Rising output, sluggish demand have created excess of coal. LONDON, July 21- The global market for seaborne thermal coal will be oversupplied by around 10 million tonnes this year, keeping prices below profitable levels for most coal producers well into 2015 or longer and forcing more mines to close.

  • South Portland set for final vote on tar sands ban Monday, 21 Jul 2014 | 5:01 AM ET

    SOUTH PORTLAND, Maine— The South Portland City Council has voted to ban the transfer of crude oil onto ocean tankers, effectively ending any attempt to bring oil from western Canada through a pipeline into the city. The City Council voted 6-1 Monday night in favor of the ordinance that was hailed by environmentalists.

  • Cliffs, a Cleveland- based iron ore and metallurgical coal producer, is locked in a proxy battle with Casablanca, which owns 5.2 percent of Cliffs' stock and accuses the company of destroying shareholder value. Casablanca wants to replace Cliffs' chief executive officer with its own nominee and six of the 11 board members, a majority, with its candidates.

  • Midday Glance: Coal companies Wednesday, 16 Jul 2014 | 2:54 PM ET

    Arch Coal rose$. 08 or 2.5 percent, to $3.26. Consol Energy Inc. rose$. 30 or. 7 percent, to $42.81. Peabody Energy rose$. 37 or 2.3 percent, to $16.31.

  • Early Glance: Coal companies Wednesday, 16 Jul 2014 | 11:11 AM ET

    Arch Coal rose$. 05 or 1.6 percent, to $3.23. Consol Energy Inc. rose$. 16 or. 4 percent, to $42.67. Peabody Energy rose$. 18 or 1.1 percent, to $16.12.

  • Whiting, Kodiak create Bakken shale powerhouse Monday, 14 Jul 2014 | 8:22 AM ET
    A construction worker specializing in pipe-laying sandblasts a section of pipeline in North Dakota.

    Whiting Petroleum said it would acquire Kodiak Oil& Gas for $3.8 billion, becoming the largest producer in North Dakota's Bakken shale play.

  • July 13- Whiting Petroleum Corp said on Sunday it would acquire Kodiak Oil& Gas Corp for $3.8 billion in stock, to become the largest producer in North Dakota's Bakken shale oil formations, eclipsing Harold Hamm's Continental Resources Inc..