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
India, the world's third largest importer of thermal coal, is expected to start rebuilding inventories in the second quarter of 2012, which could boost shares of thermal coal companies in Southeast Asia, says Macquarie Securities.
The Fast Money traders, along with Paul Forward, Stifel Nicolaus, take a look at the market's decline and what's going on with coal producers, which opened at new, multi-year lows.
Michael Sutherlin, Joy Global president & CEO, discusses his stock's hard landing on yesterday's earnings miss, and its future growth prospects in emerging markets, with Mad Money's Jim Cramer.
Mad Money's Jim Cramer explains why selling CONSOL Energy is one of the easiest calls he's ever made. Coal and natural gas are in the doghouse, and when investors understand the weakness in commodities, they'll understand why this stock can't be owned.
Discussing Glencore's $41B acquisition of Xstrata and its impact on other commodity mergers, with Anthony Young, Dahlman Rose analyst.
Mad Money's Cramer compares and contrasts Caterpillar to Joy Global, and concludes CAT's vast sales force, financing arm, and service division, make it a better play, but only on a pullback.
Discussing the EPA's new regulations on coal plants and the company's juicy 4.6% yield, with Nick Akins, American Electric Power CEO, and Mad Money's Jim Cramer.
The average UK household will be in “fuel poverty” by the next election in 2015 if energy bills, which have almost doubled as a share of median income since 2004, stay on their current path, the FT reports.
Mad Money host Jim Cramer talks with First Energy's CEO, Tony Alexander on how the company will benefit from providing cleaner coal than government regulations require, and its plans to continue paying out big dividends, and consistent earnings.
Qantas Airways says it is canceling and delaying dozens of flights because of a strike by its ground workers and engineers. The Australian carrier says 8,500 domestic and international passengers will have their flights disrupted by Friday's strikes. Qantas says 39 flights will be delayed and two flights canceled.
Cramer responds to the Federal Reserve's warning of "significant downside risk" to the global economy.
Cramer talks with Mike Sutherlin, Joy Global CEO about the fallout from two important coal companies cutting their shipment forecast and its impact on mining equipment makers.
Coal stocks fed on rumors involving Walter Energy yesterday, and the options were flowing throughout the sector.
Australia's resources sector, which has experienced a multi-year boom, is a bubble waiting to burst, according to one fund manager.
With the rising price of oil putting the spotlight on energy, BlackRock Managing Director Dan Rice gave his top energy investment picks to CNBC on Friday.
Find out where CEO Greg Boyce thinks coal is going and why he thinks the US may be left behind.
Insight on the health of the coal sector, with Mad Money host Jim Cramer, and Greg Boyce, Peabody Energy chairman, president & CEO.
Cramer makes the call on viewers' favorite stocks.
The Mongolian mining industry, which is to benefit from China's huge appetite for resources, is a sector to bet on. One fund manager suggests investing in mining plays that are listed internationally, but have assets in Mongolia.
The Lightning Round is extended in this CNBC.com exclusive feature.