Arch Coal, like other U.S. miners, is struggling with dismally low coal prices and has been trying to cut costs and lower production of low-margin metallurgical, or steel-making, coal. Last week, Arch Coal said it would idle its Cumberland River coal complex in Kentucky and Virginia, lowering its full-year metallurgical coal volumes by about 200,000 tons.» Read More
*Falling coal prices hurting Indonesia's small producers. JAKARTA, June 18- Plunging thermal coal prices will force some small and low-margin producers in Indonesia out of business before year-end, an industry group said, cutting output capacity in the world's top exporter.
NEW DELHI, June 16- For a coal producer trying to navigate India's complex federal structure, size matters. That harsh lesson was learnt by S. Narsing Rao, the outgoing chairman and managing director of Coal India Ltd, the world's biggest coal miner. Even though it is India's second-biggest coal producer, it is small compared with Coal India.
June 11- As the U.S. Environmental Protection Agency rolls out tough new rules designed to slash power plant emissions, Consol Energy Inc is showcasing its transformation from a coal miner to a producer of cleaner-burning natural gas. "The more information we can get, the better," said Clarkson Capital Markets analyst Jeremy Sussman.
CALGARY, Alberta, June 6- Canada is enjoying an unexpected boom in production of ultra-light crude known as condensate, defying long-held predictions of dwindling supply.
BRUSSELS, June 5- European Union policymakers propose to scrap a mandatory requirement to label oil from tar sands as more polluting than other forms of crude following years of lobbying from top producer Canada, according to a draft document seen by Reuters.
June 5- Mining equipment maker Joy Global Inc reported a better-than-expected quarterly profit and said orders for maintenance services rose for the second straight quarter. Joy Global shares rose as much as 5.3 percent in early trading on Thursday.
June 5- Mining equipment maker Joy Global Inc reported a 59 percent drop in quarterly profit as miners cut spending on underground mining equipment in the face of weak coal prices. Joy Global, which gets about two-thirds of its revenue from coal miners, said pricing in the metallurgical coal markets in the first three months of 2014 was the weakest since 2009..
WASHINGTON, June 4- Kentucky may be well positioned to meet a carbon emission target for power plants set by federal regulators, even as U.S. Senate candidates there blast the plan, saying it will cripple the state's coal industry. The result: the Bluegrass State may be able to meet EPA targets between now and 2030..
BERLIN, June 4- Germany plans to draw up new rules in the coming weeks for the controversial method of fracking for gas, which will impose tight restrictions on the technique that has led to a shale gas boom in the United States. Germany's ruling parties had promised in their coalition agreement last year to set a legal framework for fracking.
LONDON, June 4- Despite the heated war of words between supporters of the coal industry and environmentalists, the Obama administration's Clean Power Plan is relatively generous to coal interests. Coal- fired generation has been declining owing to the abundance of cheap natural gas thanks to fracking.
--Clyde Russell is a Reuters columnist. NUSA DUA, Indonesia, June 4- "There is no skin left on my teeth to hang on with," was the lament of a coal trader, expressing a sentiment echoed time and again at the industry's largest gathering in Asia.
The EPA's new proposal to reduce carbon emissions won't negatively affect the consumer, Public Citizen's Tyson Slocum told CNBC.
Discussing whether changes to offset coal emissions will impact the consumer, with Tyson Slocum, Public Citizen, and Jim Pethokoukis, American Enterprise Institute.
CNBC's John Harwood reports the Obama administration argues its proposal to reduce carbon emissions at coal power plants would not only create new jobs in renewable energy industries, but provide public health benefits.
CALGARY, Alberta, June 2- Rising U.S. imports of crude oil from Canada's oil sands have not increased greenhouse gas emissions from the country's oil refineries because they have been offset by refining of cleaner domestic crudes, a report from a private sector think tank said on Monday.
If there's a war on coal, someone may have forgotten to tell its primary target.
May 27- Cliffs Natural Resources Inc, which is fighting an activist investor who wants to split up the company and replace its chief executive, said on Tuesday it will cut 2014 capital spending by $100 million, or 25 percent, as it deals with weak seaborne iron ore and metallurgical coal prices.
--Clyde Russell is a Reuters columnist. The cost of producing about half of Australia's thermal coal and about 45 percent of its coking coal is above the prevailing prices, Morgan Stanley said in a report on Monday.
ST PETERSBURG, Russia, May 26- Russia's Inter RAO is studying the possibility of building the world's largest coal-fired power plant to sell electricity to China in a sign of strengthening economic and political ties between the two countries.
May 21- Sanchez Energy Corp said it would buy oil and gas properties in the Eagle Ford region of south Texas from Royal Dutch Shell Plc for about $639 million cash as the Dutch oil company looks to pare its exposure to U.S. shale. Shell and other big peers including BP Plc have had less success than smaller companies tapping North America's vast shale formations.