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Coal and Consumable Fuels

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  • WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...

  • CALGARY, Alberta, April 30- Canadian Oil Sands Ltd, the largest shareholder in the Syncrude Canada Ltd joint venture, said on Thursday it swung to a loss in the first quarter as oil prices dropped by more than half. The company, which has a 37 percent stake in the Syncrude project, said its net loss was C $186 million, or 38 Canadian cents per share, compared with a net...

  • Canadian Oil Sands posts loss, says cost cut paying off Thursday, 30 Apr 2015 | 4:50 PM ET

    CALGARY, Alberta, April 30- Canadian Oil Sands Ltd, the largest shareholder in the Syncrude Canada Ltd joint venture, said on Thursday it swung to a loss in the first quarter as oil prices dropped by more than half. The other Syncrude partners are Imperial Oil Ltd; Mocal Energy; Murphy Oil Corp; Nexen, a wholly owned subsidiary of China's CNOOC Ltd; Sinopec and Suncor...

  • ISLAMABAD, April 30- Pakistan plans to install new gas import terminals and pipelines to underpin an economic revival linked to $46 billion in Chinese deals, but its ambitions are being undermined by poor planning, price uncertainty and security concerns, industry experts said. Pakistan has shale gas reserves of 105 trillion cubic feet, the U.S. Energy...

  • April 28- Coal and iron-ore producer Cliffs Natural Resources said on Tuesday that it was considering a sale of its North American coal business. The company's net loss attributable to shareholders widened to $772.6 million, or $4.26 per share, in the first quarter ended March 31, from $83.1 million, or 54 cents per share, a year earlier. Revenue fell 27.5 percent to...

  • *Mechel's net loss hit by non-cash write-offs. *Mechel still in talks over debt restructuring. MOSCOW, April 28- Indebted Russian miner Mechel hopes to increase coal production by up to 15 percent this year after making a record net loss of $4.3 billion in 2014 due to $3.9 billion in write-offs relating to asset sales and a weaker rouble.

  • April 28- Coal and natural gas producer Consol Energy Inc reported a 35 percent fall in quarterly profit, hurt by weak prices for both commodities. U.S. power companies shut or converted over 4,100 megawatts of coal-fired plants last year and are expected to stop burning coal at another 22,100 MW of plants in 2015, according to Thomson Reuters data.

  • LAUNCESTON, Australia, April 28- China's import volumes of iron ore and coking coal are looking increasingly disconnected despite the price of both steel-making ingredients tumbling. Chinese iron ore miners are struggling to compete with imports in the wake of collapse in the spot Asian price from above $190 a tonne in February 2011 to a record low of $46.70 on...

  • VANCOUVER/ CALGARY, April 23- Canadian regulators had serious concerns the federal government was not consulting enough with aboriginal groups about the Northern Gateway pipeline project, according to internal emails obtained by the Haisla First Nation and released on Thursday. The Enbridge Inc pipeline will move 525,000 barrels of Alberta oil sands...

  • BUENOS AIRES, April 23- Argentina's state energy company YPF said it had sold $1.5 billion of new 10- year bonds at 8.5 percent on Thursday, raising its planned issuance from $500 million on the back of strong demand. YPF needs to raise cash to invest in its vast but barely tapped Vaca Muerta shale oil and gas formation in order to reverse Argentina's energy sector...

  • *Expects Q2 adjusted loss of $0.49- $0.59/ shr vs est $0.35/ shr. *Expects lower costs in U.S., Australia; cuts capex. April 23- Coal miner Peabody Energy Corp's forecast of a bigger-than-expected loss for the current quarter overshadowed the company's latest plan to cut costs, sending its shares to a near 13- year low.

  • April 23- Coal miner Peabody Energy Corp reported a bigger-than-expected loss due to lower prices and declining Chinese demand. Sluggish demand from Europe and Asia, especially China, has also weighed on metallurgical or steel-making coal prices. Net loss attributable to Peabody's common stockholders widened to $176.6 million, or 65 cents per share, in the...

  • CHICAGO, April 22- Union Pacific Corp said on Thursday its first quarter results were hurt by a drop in coal volumes and the company warned coal would continue to weigh on its results throughout the year. Union Pacific said coal volumes fell 5 percent during the quarter. "Shares will be pressured on these results, but we have confidence that Union Pacific will be...

  • April 21- Chinese demand for steel-making coal has weakened with imports for the first two months of 2015 well below last year's levels, the chief executive of Canadian miner Teck Resources Ltd said on Tuesday as the company announced lower earnings and a big dividend cut. Teck shares were down 5 percent at C $16.05 after it slashed its half-yearly dividend to 15...

  • No. 1 reason solar energy's boom is just starting Tuesday, 21 Apr 2015 | 11:00 AM ET
    Technicians install solar panels on a house in Mission Viejo, Calif.

    Solar power is proving it can compete without government help. And that means the main criticism of solar—cost competitiveness—is history.

  • April 21- U.S. miner Arch Coal Inc reported a bigger-than-expected quarterly loss and cut its full-year production forecast for both power-generating and steel-making coal. The company, which mines coal in various regions in the United States such as Powder River Basin, Appalachia, Colorado and Illinois, said average sales price fell to $19.18 per ton in the...

  • April 20- A trust controlled by British financier Nat Rothschild and the parent of Russia's Siberian Coal Energy Co are considering making a cash offer for coal miner Asia Resource Minerals Plc, which has most of its operations in Indonesia. The potential offer from NR Holdings and SUEK Plc comes less than a week after ARMS received notice of a possible 210...

  • EZEIZA, Argentina, April 16- The cost of drilling wells in Argentina's vast but barely tapped Vaca Muerta shale oil and gas formation will fall at least 10 percent by the end of 2016, Miguel Galuccio, chief executive officer of state energy company YPF said on Thursday. The company, nationalized in 2012 as part of a production push aimed at erasing Argentina's...

  • WASHINGTON, April 16- Alpha Natural Resources Inc, a struggling U.S. coal company, may be forced to buy costly new insurance or otherwise ensure it can cover obligations for cleaning up any abandoned mines, according to officials in West Virginia. Alpha has been allowed to leave about $262 million in cleanup liabilities uninsured in West Virginia under a federal...

  • WASHINGTON, April 16- Alpha Natural Resources, a struggling U.S. coal company, may be forced into buying costly new insurance or shedding liabilities to ensure it can cover obligations to clean up any abandoned mines, officials in West Virginia said. Alpha Natural Resources has been allowed to leave about $262 million in cleanup liabilities uninsured in West...