Arch Merges With Consol to Create a Coal-Export Powerhouse

Arch Merges With Consol to Create a Coal-Export Powerhouse

US coal producer Arch Resources Inc. agreed to merge with rival Consol Energy Inc. in a $2.3 billion deal aimed at creating a North American mining heavyweight to deliver the fuel around the world.  The companies announced the transaction in a statement Wednesday after the deal talks were reported earlier by Bloomberg. Under the terms […]

4 Coal Stocks to Watch From the Challenging Industry

The Zacks Coal industry stocks staged a rebound in 2022 courtesy of global demand and surging natural gas prices. However,  in 2023 demand for coal may suffer due to lesser coal utilization in the United States to produce electricity, planned retirement of coal units and utilization of more renewable sources for electricity generation. The ongoing […]

Global coal use is on course to hit all-time high this year, IEA says

KEY POINTS Global coal use is slated to increase by 1.2% to hit a record high this year, according to a report from the International Energy Agency. The price of fossil fuels has seen a substantial jump this year, the IEA says, “with natural gas showing the sharpest increase.” “This has prompted a wave of […]

Factbox: Energy crisis revives coal demand and production

High natural gas prices and global competition for the fuel have driven more demand for thermal coal for power generation this year as countries try to wean themselves off Russian energy supplies and seek relatively cheaper alternatives. Some countries are reopening mothballed coal plants to secure enough energy for this winter, while others are boosting production as […]

Coal making a comeback as Europe dilutes dependence on Russian natural gas

Coal is making a comeback amid the push for the increased use of clean energy by governments, including in the U.S., as Europe has been facing climbing energy costs as the war between Russia and Ukraine rages on.  In an interview that aired on “Varney & Co.” on Tuesday, National Mining Association CEO Rich Nolan argued that shutting down coal […]

Arch Commences Production at World-Class Leer South Longwall Mine

Arch Resources, Inc. (NYSE: ARCH) announced that it recently commenced production at its new Leer South longwall mine in Barbour County, West Virginia.  When fully ramped, the mine is projected to produce up to four million tons per year of premium-quality, High-Vol A metallurgical coal for sale into global steel markets. “This is a momentous development […]

China’s boycott of Australia has redirected global flows of coal

Since Beijing instituted an unofficial boycott of Australian coal last October in a major escalation of the two countries’ trade conflict, global flows of coal have undergone a major reshuffling. While Chinese imports of Australian coal have effectively dropped off to zero, imports from other countries have shot up to fill the gap. After all, coal makes up […]

US Low-Vol Coal Makes Record Gains Over Australia

US low-volatile coking coal hit a record premium to Australian premium hard coking coal yesterday. Argus assessed the fob Australia price at $98.50/t yesterday, putting the US low-volatile price at a $20/t premium. Australian premium hard coking coal — with a lower sulphur content and higher coke strength after reaction (CSR) — is typically valued higher than […]

US Coking Coal Unfazed by Biden Presidency

US mining firms expect Joe Biden’s presidency to raise some obstacles for the coking coal industry, but there is confidence that infrastructure investment and a different approach to diplomatic relations will foster more favorable market conditions. Job losses and mine closures in the last year or more, linked to a weak market meant that the […]

How Coal Can Help The Billions Without Electricity

Over 600 million Africans are still without energy and electricity. The movie “Juice” brilliantly illustrates through a visual representation of how billions are without electricity; and without electricity and the energy from mainly fossil fuels, life returns to the Dark Ages. Whereas liberal documentary filmmaker Michael Moore exposes the fallacy, human misery, and environmental degradation that occurs when towns, cities, counties, […]