LONDON, July 1- Global mining firm Glencore said on Wednesday it would go ahead with a plan to close some operations at its Optimum Coal subsidiary in South Africa due to weak coal prices, a move which will result in the loss of 600 to 700 jobs. South Africa's National Union of Mineworkers had bitterly criticized the company's plan to shut down these assets, accusing...» Read More
If the U.S. disappeared tomorrow, with global warming emissions dropping to zero, annual global emissions would be back to their current level in four years, courtesy of China.
Fast Money traders Pete Najarian and Mike Murphy debate whether Netflix has room to run at its current price. And, Michael Dudas, Sterne Agee, provides his top three commodity plays in gold, silver and coal.
Famed distressed asset investor Wilbur Ross of WL Ross & Co. shares his economic outlook, and discusses where coal might be headed.
The Fast Money traders weigh in on how to play the coal space, and share their trade on some of today's top movers in the market.
China's plans to unlock what could be the world's biggest shale gas reserves risk running further off track after 16 firms recently awarded exploration rights lacked one core skill - not one has drilled a gas well before.
Jiong Shao, Chief China Strategist at Macquarie discusses what reforms he thinks are most important for China and what investors should do with their money at this time.
Gareth Penny, executive chairman of New World Resources, tells CNBC that they have seen coal prices reduce by thirty percent over the course of 2012 which has resulted in a loss for the business.
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.