Contura optimistic about future sales growth, citing tight met supply and premium pricing: CEO

Contura optimistic about future sales growth, citing tight met supply and premium pricing: CEO

Contura remains optimistic about metallurgical coal pricing and company sales due to tight global supply and steady demand, despite seeing weaker sales in the first quarter than originally projected, CEO Kevin Crutchfield said Wednesday. “Notwithstanding the modest growth expectations in Europe and China [for met coal], the limited growth of new met mines, depletion of […]

Coal-fired plants are closing but US coal exports are up

More than half the coal mines in the United States have closed over the past 10 years, reflecting a broad shift away from expensive coal-fired power generation to cheaper sources of power such as natural gas, wind and solar energy. Coal production peaked in 2008 and has fallen by more than one-third since then, according […]

11 million tons of Alabama met coal shipped in 2018

The Alabama Coal Association says 11 million tons of mined met coal was exported last year. That adds up to $2 billion worth of metallurgical coal – which is used in steel production – being shipped out through the Port of Mobile. ACA President Patrick Cagle said in a statement that the mineral is “quietly […]

Met coal exports reach $2 billion in 2018

In 2018, 11 million tons of Alabama-mined met coal was exported to global steelmakers, which totaled $2 billion worth of the coal being shipped through the Port of Mobile. This high dollar amount has not been recorded in recent history. The Alabama Coal Association released statistics on Tuesday detailing met coal exports for 2018 that […]

State Coal Industry’s Future Lies in Met Coal

For years, Arch Coal has sat on reserves of high-quality metallurgical coal in Barbour County while it developed its Leer mining complex to the north in Taylor County. Now the time has come to develop those reserves while the world demand for met coal is growing. On Feb. 14, Arch Coal announced it will invest […]

U.S. Coking Coal Exports Rise Further in November

U.S. coking coal exports rose by 3pc on the year in November, as strong Asian demand offset a dip in shipments to Europe and South America, according to data from the U.S. Census Bureau. The U.S. exported 4mn metric tonnes in November, down from 5.3mn t in October, but up from 3.9mn t in November […]

Vancouver coal export project permit canceled

Vancouver, British Columbia, port officials have revoked a permit to allow a local terminal to build a 4mn metric tonnes/year coal export facility that would have primarily handled US Powder River basin (PRB) coal. The Vancouver Fraser Port Authority on 30 January canceled a 2014 permit that would have allowed Fraser Surrey Docks (FSD) to […]

U.S. Coal Exports Take Record Share of Production

U.S. coal exports last year made up the largest share of production in 60 years, amid diminishing domestic consumption and growing Asian demand, the CEO of Doyle Trading Consultants (DTC) told Montel. “The percent of U.S. coal going to the export market is essentially at an all-time high – it’s the highest level since the […]

Coal’s return depends on new plants: Officials

President Donald Trump administration’s effort to ease the regulatory burden on the coal industry has not been enough to stem the sector’s slide in the US. What is needed now is more support to build new, more efficient coal plants to replace lost capacity, industry executives said at the US Energy Association’s 15th Annual State […]