West Virginia Governor, Putting Trump’s Name on the Line for Re-Election, Says He’s Been Asked to Help Pitch Coal to China (Metro News)

West Virginia Governor, Putting Trump’s Name on the Line for Re-Election, Says He’s Been Asked to Help Pitch Coal to China (Metro News)

West Virginia Governor Jim Justice filed the official paperwork for President Donald Trump to be on West Virginia ballots and also told media the story of an outreach duty the president gave him on a telephone call yesterday. Trump on Wednesday signed an economic deal that commits China to buy an additional $200 billion in […]

Gordon still undecided over legal response to blocked coal export terminal

Wyoming could still sue Washington in the ongoing battle over a coal export terminal. Gov. Mark Gordon continues to mull an original lawsuit against Washington after the state blocked the construction of the largest coal export terminal on the West Coast, he said in an interview with the Star-Tribune. “I’ve asked Attorney General (Bridget) Hill […]

Consol executives see thermal coal export market improvement, tout positioning

Amid weakened export pricing, reduced domestic demand and a recent slew of bankruptcies, Consol Energy Inc. executives touted the coal miner’s position as a consistent force in the international market as well as its flexible financial situation to handle challenging market conditions. The price on thermal and metallurgical export coal has dropped significantly this year, […]

US rail agency to act soon on rate review changes

The US Surface Transportation Board (STB) is expected within the next two weeks to begin a process for rethinking how it determines whether rail transportation rates are reasonable, agency vice chairman Patrick Fuchs said yesterday. Updating those rules is the agency’s top priority, Fuchs said yesterday at the National Coal Transportation Association’s annual meeting in […]

Australia turns to India for coal exports: Update

Australia is focused on growing the Indian thermal coal market for its exports, despite warnings that the demand profile in India is uncertain. Australia’s resources minister Matthew Canavan flew into Calcutta today to promote sales of Australian thermal coal into India armed with a report from the government’s commodity forecaster the Office of the Chief […]

US rail traffic down on coal demand, trade war

Eastern US railroad CSX is the only major carrier to have increased coal shipments this year, with low natural gas prices driving down shipments at other railroads. The year-on-year increase in CSX’s coal volume has been relatively small, but it stands in sharp contrast with its competitors. CSX coal volume rose by 0.9pc during the […]

US coal producers to rely more on exports: Moody’s

 US coal producers will rely more heavily on export markets in coming years as domestic demand from power generation continues to fall, Moody’s Investors Service said. The ratings agency expects coal demand from US utilities to erode significantly between 2020-2030, driving contraction in the industry and increasing producers’ reliance on exports. Planned coal-fired power plant […]

World News: Australia sees gold overtaking thermal coal as export earner

Australia expects gold to overtake thermal coal as its fourth-largest export earner in the coming financial year as coal prices fall on subdued demand from Asia, while global tensions prop up gold prices. Asian demand for the heating fuel is expected to top out this year, as large consuming countries, including China, turn to cleaner […]

Canada, U.S. gain as India cuts dependence on Australian coking coal

Shipments of coking coal from the United States and Canada rose to a sixth of all Indian imports of the fuel during the year ended March 2019, as steelmakers in the coal guzzling country look to cut their dependence on Australia. Australia’s share in India’s coking coal market fell to 71%, or 36.91 million tons, […]