News

Fans of Coal Are Reaping the Rewards

Glencore GLNCY 0.26% PLC has used rising sentiment against coal to expand its position in the market, scooping up unwanted assets. The Swiss mining and trading giant has a history of pushing into businesses where rivals are reluctant to tread. So far, Glencore’s gamble appears to be paying off. High demand from Asia helped thermal […]

Coal Prices Rise as Hurricane Florence Disrupts Exports

Rising coal prices could get another boost as Hurricane Florence shuts down exports from the Virginia coast, halting supplies to elsewhere in the world. With the powerful hurricane bearing down on the Southeast, terminals in and near Norfolk, Va., that handle the majority of U.S. coal exports were, as of Thursday afternoon, permitted to receive ships on a case-by-case […]

Montana joins lawsuit over state coal export terminals

Montana has joined a lawsuit over Washington state coal export terminals. Montana and five other states have filed an Amicus Brief against Washington state concerning a permit to expand a port facility in the city of Longview for the purpose of exporting coal and coal products, primarily to Asia. Montana Attorney General Tim Fox claims […]

Alabama’s coal industry continues to fuel the expanding Port of Mobile

With the news breaking Monday that Alabama’s entire congressional delegation supports the proposed modernization and expansion – including major deepening and widening – of the Port of Mobile, I am once again left in awe at what the Port – and its success – means for the entire state. It was a surprisingly cool summer […]

ANALYSTS EXPECT US COAL EXPORTS TO CONTINUE SURGING IN 2018

U.S. coal exports are expected to surge 10 percent in the next year, according to new forecasts by the Energy Department’s statistics arm. The U.S. Energy Information Administration (EIA) predicts that while coal production will fall one percent in 2018, exports will surge 10 percent above 2017. Coal exports were up 32 percent in the […]

U.S. coking coal exports surge

US coking coal exports rose by 22.6pc year on year to 36.6mn short tonnes (st) (33.2mn metric tonnes) in January-July, in part fuelled by a 133.2pc jump in volumes to India (see table). Overall exports slipped in July on a month on month basis, but were comfortably up by 12.8pc year on year at 4.8mn […]

West Virginia Benefits From Increased Global Demand for Coal

Coal is once again a hot commodity. The Wall Street Journal reports a surge in the international demand for coal to produce electricity, especially in underdeveloped countries that are still trying to bring cheap, reliable power to millions of people. The Energy Information Administration reports that U.S. coal exports doubled in 2017 and are expected […]

Millennium sues Ecology, claiming bias against coal dock

The proponent of the giant Longview coal terminal has sued the state Department of Ecology and its director, contending they were biased and “intentionally” misapplied the federal Clean Water Act when they denied a permit for the $640 million project. “(Ecology) director Maia Bellon and her team ignored their responsibilities under the Clean Water Act. […]

China Coal Imports Hold Near Four-Year High as Demand Resilient

Coal imports by China held near the highest level in four years, underscoring buoyant demand in the world’s largest user even as lower domestic prices and a weaker currency hurt the appeal of overseas supplies. Foreign purchases fell just 1.1 percent in August to the equivalent of 925,161 metric tons a day, compared with 935,806 […]