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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.

  • 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.

  • *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.

  • 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.

  • 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.

  • 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..

  • COLUMN-Cleaning up coal: Kemp Tuesday, 8 Jul 2014 | 10:01 PM ET

    LONDON, July 9- According to the popular narrative, coal is locked in a fight to the death with natural gas and renewables to supply clean electrical energy. Promoters of gas, wind and solar often talk about coal as if it were not just a rival but an enemy.

  • The SEC accused Babikian of reaping an illegal $1.9 million profit by selling nearly 1.4 million shares of coal mining company America West Resources Inc after his emailed touts had boosted their price.

  • WASHINGTON, July 3- The U.S. Export-Import Bank is considering financing a massive coal-fired power plant in India despite the fact the Obama administration has called on domestic and global public lenders to stop funding coal-plants in his climate change strategy.

  • CALGARY, Alberta, July 1- Mergers and acquisitions in Canada's energy sector have rebounded from a dull 2013 and look poised for a further pickup, driven by the country's rapidly developing shale oil and gas properties rather than its better known oil sands.

  • EPA talks about coal, and renewable energy wins Wednesday, 25 Jun 2014 | 3:53 PM ET
    Kerry VanKirk, 68, laments about the amount of fly ash that comes from the exhaust stack of the Mitchell Power Station, a coal-fired power plant built along the Monongahela River, 20 miles southwest of Pittsburgh, on Sept. 24, 2013, in New Eagle, Pa.

    An EPA offensive against carbon emissions doesn't overly endorse renewable energy. But renewable energy wins anyway.

  • BISMARCK, North Dakota, June 24- Enterprise Products Partners LP proposed on Tuesday to build a 340,000 barrel per day pipeline to move shale oil from the Bakken formation, hoping to succeed where others have failed.

  • June 24- Coal miners and power companies are both suffering as railroads struggle to clear a backlog of coal stuck in the Powder River Basin in Wyoming and Montana after the harshest winter in over a decade.

  • Daniel Curran, University of Dayton president, explains the university's push for the environment and why it divested coal and fossil fuels from its $670 million investment pool.

  • RPT-COLUMN-Can we really do without coal? Kemp Monday, 23 Jun 2014 | 8:01 AM ET

    LONDON, June 23- Two-thirds of the world's already discovered reserves of oil, coal and natural gas must remain unburned if the rise in average global temperatures is to be limited to 2 degrees Celsius by 2050, according to the International Energy Agency.