The One Market That’s Sure To Help Coal

The One Market That’s Sure To Help Coal

“Urbanization helps pull people out of poverty and advances progress towards the Millennium Development Goals,” The World Bank As still the world’s leading source of electricity (most critically, overwhelmingly so in all-important China and India) at 37-40% of all supply, and still generating 30% of U.S. power, coal is obviously not dead. But beyond electricity, […]

U.S. coal cargoes heading for China as Beijing takes aim with new tariffs

BEIJING (Reuters) – At least four cargoes of U.S. coal worth $30 million (£23.32 million) are headed to China as Beijing prepares to hit imports with hefty 25-percent tariffs, threatening a niche supply of the fuel even as China’s appetite for foreign coal shows no sign of abating. The vessels, carrying a combined 335,000 tonnes […]

China Considers More U.S. Coal Imports to Cut Deficit

China is considering a plan to buy more American coal as part of an effort to narrow its trade deficit with the U.S., according to people with knowledge of the matter. Chinese officials are currently looking at boosting purchases from West Virginia in particular, said the people, who asked not to be identified because they’re […]

Hope for Coal Exports Grows in Unstable Market, But Challenges Remain Firm

In a week of disappointing news from coal firms, Cloud Peak Energy, the only pure Powder River Basin coal company in Wyoming, had one highlight to catch the attention of Wyoming. Despite a $7 million loss starting out 2018, the company was pleased by its export prospects, carrying Powder River Basin coal to Asia. Wyoming […]

With Coal Consumption Down, Production Ticks Up from Some Appalachian Mines

While the United States burned less coal in 2017 than it had in three decades, an uptick in global demand for Appalachia’s metallurgical coal — used in the steelmaking process — helped boost production this past year, according to a new analysis by an economic research firm. Coal production rose 6 percent across the United […]