Industry sources say US coal stocks will burn out

In an industry known for its boom or bust cycles, coal producers are aware that current high demand and record prices for the commodity aren’t going to reflect in coal producers bottom lines for long. Spot prices boomed last week for Central Appalachia coal, up $3.15 to $89.70 a ton, but down from the last […]

Tightness limits North American met coal exports

Supply setbacks weighed on US and Canadian coking coal exports in November, while historically high prices throughout October and early November gave mining firms an incentive to ship cargoes where possible. November coking coal exports from the US fell by 6.62pc from a year earlier to 3.24mn t, most likely as a result of the […]

US Hampton Roads coal exports continue ascent

US coal exports out of Hampton Roads, Virginia, in November topped volumes from both one and two years earlier. Terminals near the port handled 2.83mn short tons (2.57mn metric tonnes) of coal during November, up from 2.28mn st a year earlier and 2.76mn st in November 2019, according to Virginia Maritime Association data. Loading volumes […]

US Hampton Roads coal exports hit 20-month high in November

A 20-month high 2.83 million st of coal was exported from the terminals in the Hampton Roads area of Virginia in November, Virginia Maritime Association data released Dec. 10 showed. November’s coal exports were the highest since 2.88 million st in March 2020. The volume was 3.3% higher than October and 24.4% higher than the […]

US coal exports rose in October, topped 2019 levels

US coal exports extended their year-on-year gains in October but lagged the two-year highs set earlier in 2021. Shipments to other countries rose to 7.26mn short tons (6.59mn metric tonnes) in October from 4.92mn st in October 2020, according to Commerce Department data. The latest month volumes compared with 6.59mn st in October 2019, the […]

Settlement bans coal storage in California city by 2027

A private port operator in the San Francisco Bay Area that stores coal from Utah before it’s shipped to Asia has been given until 2027 to continue those operations under terms of a settlement. Officials in Richmond, where the port is located, agreed to the deal with the Levin-Richmond Terminal Corp. that runs the port, […]

US Hampton Roads coal exports jump to 19-month high in October

Coal exports out of the terminals in the Hampton Roads region in Virginia jumped to 2.75 million st, a 19-month high, in October, up 6.8% from September and 40.7% above the year-ago month, according to Virginia Maritime Association data released Nov. 16. October’s exports were the most since 2.88 million st in March 2020 and […]

3. Coal exports rebound due to rising gas prices

Coal is experiencing a mini U.S. rebound thanks to higher prices for natural gas domestically and in key global markets, Ben Geman writes in Axios Generate. Driving the news: U.S. coal exports are 29% higher this year, the Energy Information Administration (EIA) said in its monthly outlook Tuesday. “Higher U.S. exports reflect rising global demand for coal amid high natural gas prices,” EIA […]