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Coal and Consumable Fuels

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  • *Glencore, China's Jinchuan had bid for Nickel West. The Nickel West division has long-suffered from high costs associated with operating in Australia and Chief Executive Andrew Mackenzie had made it clear it fell outside his focus on "four pillars of growth"- iron ore, copper, petroleum and coal. At the time, Swiss-based commodities and mining giant Glencore Plc...

  • SINGAPORE, Nov 11- Brent crude traded around $82 a barrel on Tuesday, just above a four-year low hit last week, with a firm dollar and robust production from U.S. shale oil fields offsetting a drop in output in Libya. The price has fallen nearly 30 percent since late June and all eyes are on OPEC for any sign the oil cartel will cut prices at a meeting on Nov. 27.

  • SINGAPORE, Nov 11- Brent crude traded around $82 a barrel on Tuesday, just above a four-year low hit last week, with a firm dollar and robust production from U.S. shale oil fields offsetting a drop in output in Libya. The price has fallen nearly 30 percent since late June and all eyes are on OPEC for indications of whether the oil cartel will cut prices at a meeting on Nov....

  • NYMEX-U.S. crude holds above $77 after steep fall Monday, 10 Nov 2014 | 8:35 PM ET

    SINGAPORE, Nov 11- U.S. crude held above $77 a barrel in early trade on Tuesday, with a firm dollar and robust production growth at U.S. shale oil fields balanced by geopolitical risks in Libya and Ukraine. *U.S. crude was down 3 cents at $77.37 a barrel by 0109 GMT. *JPMorgan Chase& Co has slashed its 2015 Brent price forecast by $33 to $82 per barrel, citing supply pressures...

  • Natural gas futures swung wildly before closing lower for the first time in 10 sessions, signalling a volatile winter ahead for the commodity.

  • Gregory Boyce, Chairman & CEO of Peabody Energy, discusses the demand for coal in China and India. He later explains how the firm is combating the stigma of coal consumption.

  • ULAN BATOR, Nov 5- Mongolia's parliament voted on Wednesday to remove Prime Minister Norov Altankhuyag amid concerns about a serious economic downturn as gold, copper and coal prices and foreign direct investment slump. The political fight has distracted the government of the resource-rich country, landlocked between Russia and China, from passing a budget.

  • Nov 4- EOG Resources Inc posted a better-than-expected quarterly profit on Tuesday thanks to jumping oil production in the Eagle Ford and Bakken shale formations. The company posted net income of $1.10 billion, or $2.01 per share in the third quarter, compared with $462.5 million, or 85 cents per share, in the year-ago period. Crude oil and condensate volumes rose...

  • NEW YORK, Nov 4- Canada's Come by Chance refinery, on the far eastern tip of the country, has swapped out its mainstay Iraqi crude to run almost wholly on U.S. shale oil, industry sources say, the latest sign of how the shale boom is redrawing global oil trade. Some two months after South Korea's national energy firm agreed to sell the refinery to a newly formed New York-...

  • *But number of coal mines in Australia growing. SYDNEY, Nov 3- U.N. calls to curb greenhouse gas emissions by ending most electricity generation using coal will face some tough challenges, with coal mining going through a growth spurt in countries such as Australia. Australian growth is expected to continue as companies including Rio Tinto, BHP Billiton and...

  • JAKARTA, Oct 31- Indonesia's mining-to-telecoms conglomerate Bakrie Group will negotiate with creditors to restructure part of its $8 billion in debt rather than sell major assets, people familiar with its strategy say. Some creditors sued one Bakrie company in New York while a Jakarta supplier has asked an Indonesian court to supervise a debt...

  • Concerns about slowing growth in Europe and a stronger dollar have helped push the price of light crude oil down about 25 percent since June to about $82 a barrel, creeping closer to the average marginal cost of crude production of about $73 a barrel for U.S. onshore work, according to a research note from Baird Equity Research. "The market is selling all of these...

  • Oct 30- Coal miner Walter Energy Inc reported a smaller-than-expected loss in the third quarter as its cost cutting efforts paid off, sending the company's shares up 9 percent premarket. "In the challenging pricing environment for met coal, we remain focused on lowering production costs, reducing SG&A and improving productivity," Walter Energy's Chief...

  • Oct 30- Coal miner Walter Energy Inc reported a smaller loss in the third quarter as its cost cutting efforts paid off. Net loss narrowed to $98.9 million, or $1.48 per share in the quarter ended Sept. 30, from $100.7 million, or $1.61 per share, a year earlier. Revenue fell 28 percent to $329.5 million hurt by lower steelmaking coal prices.

  • Oct 29- Canadian oil sands producer MEG Energy is considering applying for a license to re-export Canadian crude from the U.S. Gulf Coast, chief executive officer Bill McCaffrey said on Wednesday. MEG has committed capacity of up to 100,000 barrels-per-day on Enbridge's new Flanagan South pipeline, which will link up with the Seaway pipeline to transport...

  • Oct 29- Canadian uranium producer Cameco Corp said it expected full-year revenue to fall up to 5 percent as it trims production to account for labor issues at its mines. Cameco trimmed its 2014 uranium production forecast to between 22.6 million-22.8 million pounds, from 22.8 million- 23.3 million pounds. Cameco, which has contracts at prices above the spot...

  • Oct 29- Canadian oil sands producer MEG Energy Corp reported weaker-than-expected quarterly revenue and operating profit due to lower realized prices for bitumen and higher operating costs. Realized prices for bitumen fell to C $65.12 per barrel in the third quarter from C $74.33 a year earlier, while net operating costs rose to C $10.31 per barrel from C...

  • Secretary of State John Kerry said on Tuesday during a visit to Canada that he would like to make a decision soon on TransCanada Corp's Keystone XL crude oil pipeline. TransCanada has waited more than six years for the Obama administration to make a decision on the line, which would take as much as 830,000 barrels per day of Alberta tar sands crude to refineries on...

  • BRUSSELS, Oct 24- European Union leaders struck a deal on a new target to cut carbon emissions out to 2030, calling it a new global standard but leaving critics warning that compromises had undermined the fight against climate change. Talks in Brussels stretched into the small hours of Friday as Poland battled to spare its coal industry and other states tweaked...

  • EU strikes compromise to set new climate target Thursday, 23 Oct 2014 | 7:20 PM ET

    BRUSSELS, Oct 24- European Union leaders struck a deal on a new target to cut carbon emissions out to 2030, calling it a new global standard but leaving critics warning that compromises had undermined the fight against climate change. Talks in Brussels stretched into the small hours of Friday as Poland battled to spare its coal industry and other states tweaked...