Asian banks shun coal, strangling U.S. exports

Asia’s banking giants are turning their backs on new coal project lending, posing long-term challenges for exporters in the United States and beyond. What began as a trickle is becoming a flood as more and more financial institutions in the region announce that they will no longer provide loans or extend credit to new coal-fired […]

U.S. coal seen as gaining international foothold

US coal producers are transitioning from swing suppliers to permanent fixtures in global markets as interest in higher sulfur coal increases, Alliance Resource Partner’s chief financial officer Brian Cantrell said today at the MLP & Energy Infrastructure Conference in Las Vegas, Nevada. “A few years ago we viewed the export market as cyclical, with the […]

Fight over Wash. export terminal heads to 9th Circuit

The coal company backing a beleaguered export terminal proposed for the Pacific Northwest is heading to a federal appeals court to fight Washington state’s blockage of the project. Lighthouse Resources Inc. filed a notice of appeal Friday targeting several lower court orders related to Millennium Bulk Terminals. At issue is the Washington State Department of […]

U.S. coking coal exports up in March

Coking coal exports from the US totalled 4.97mn t in March, up by 10.4pc on the year, driven by increased shipments to Asia and Poland, US Census Bureau data shows. Exports to Japan rose by 15.9pc to 699,721t, while shipments to South Korea imore than trebled to 423,765t and shipments to China more than doubled […]

Middle East could be destination for U.S. coal exports

US coal producers can look to the Middle East for future export opportunities as domestic and western European demand continues to fall, speakers said at the 48th annual Eastern Fuel Buyers conference in Orlando, Florida, today. The United Arab Emirates, Egypt, and Turkey are markets US coal producers can target, particularly if sulfur restrictions are […]

U.S. coal exports yield to steam market pressure

US coal exports fell in March under pressure from a second month of declines in steam coal shipments. Just under 9.22mn short tons (8.36mn metric tonnes) of coal left US ports during the month, down from 9.43mn st a year earlier, according to US Census Bureau data released today. Exports for the quarter dropped to […]

Warrior Met Coal mines quarterly record of met coal

Alabama-based Warrior Met Coal produced a record amount of metallurgical coal in the first quarter. The company produced a record 2.3mn st of met coal, which is used in steel manufacturing, in the first quarter of 2019, up 9.5pc from the 2.1mn st produced during the same period of last year. Warrior’s quarterly tons sold […]

Paringa starts shipping coal from Kentucky mine

Coal producer Paringa Resources has started shipping product from its Poplar Grove mine in western Kentucky. The company said it loaded 1,500 short tons (1,360 metric tonnes) of coal onto barges at its Ainsworth Dock on the Green river on 26 April. The coal was shipped to customer Louisville Gas & Electric and Kentucky Utilities. […]

Alliance lowers 2019 thermal coal export guidance

Alliance Resource Partners (ARLP) reduced its guidance on 2019 thermal coal exports as lower international coal prices made booking sales more challenging. The US coal producer expects to export approximately 11mn short tons (10mn metric tonnes) of thermal coal this year, down by about 1mn st from expectations set in January. Alliance said it will […]