Arch Coal announces 2Q15 loss
Arch Coal has reported a loss of US$168 million in 2Q15 and expects coal consumption to drop 80 million short t in 2015.
Browse the latest coal news and articles.
Arch Coal has reported a loss of US$168 million in 2Q15 and expects coal consumption to drop 80 million short t in 2015.
US President Barack Obama will soon reveal the new revised Clean Power Plan that will increase carbon emission cuts from the power sector in the US by 32% by 2030.
Semirara Mining & Power Corp. plans to provide 1100 MW of coal-fired power capacity to meet increasing electricity demands in the Philippines in the next three to four years.
Rhino Resources lost US$8.1 million in 2Q15 as low coal prices, poor rail service at Hopedale mine and low productivity at Pennyrile hit the bottom line.
A round-up of some of this week’s key news items from the international coal industry, from business acquisitions to the latest 2Q15 results.
The US Environmental Protection Agency’s soon to be revealed plan to impose new regulations on emissions from existing power plants will bring unwanted increases in electricity prices for consumers and businesses, according to the National Mining Association.
The World Coal Association urges the World Bank to consider the key role of coal in bringing affordable, reliable electricity to developing and emerging economies particularly across Asia.
Market members from the UK and United Arab Emirates join the globalCOAL trading community.
Vale’s coal business reported a US$102 million loss in 2Q15, improving on the US$128 million loss in the previous quarter.
Cloud Peak Energy announces its 2 Q15 results. Adjusted EBITDA stands at US$10.6 million and shipments decline to 16 million short t.
China remains oversupplied with coal on significantly lower consumption that the last two years.
Consol Energy has announced a second quarter loss of US$603 million following a writedown of its oil and gas assets