Coal's Problem is Not Climate Change: Kemp
U.S. coal companies blame climate campaigners and the Obama administration for waging a war on coal that has cost thousands of jobs and threatened struggling mining communities. But coal’s long-term problems stem not from politics but from physical…
European Thermal Coal Dips, Demand Weak
UK demand drops after carbon tax increase; India's June imports flat year on year. European thermal coal prices eased on Wednesday, plagued by weak demand and large stocks. European cargoes for delivery into Amsterdam, Rotterdam or Antwerp (ARA) in July last closed at $56.95 a tonne…
Hatfield Closure Quickens UK Exit from Coal
Britain's Hatfield Colliery will stop producing coal with immediate effect after being unable to sell its coal following the sharp rise in the UK's carbon tax, Prospect union said on Tuesday. The closure of the employee-owned mine in South Yorkshire is 14 months earlier than expected.
UK Coal: Hope in Carbon Capture
Yorkshire CCS project could burn domestic coal; Industry wants government commitment to UK supply. Some of UK's last underground mines to shut down. A short drive across Britain's gritty former industrial heartland of south Yorkshire separates the past and the possible future of its once mighty coal industry.
Physical Prices Down as Warm Weather Saps Demand
European physical coal prices continued to slide on Thursday as warm weather across Europe sapped demand for energy. Cargoes for delivery in August to the European ports of Amsterdam, Rotterdam and Antwerp (ARA) slipped by 50 cents to $72.50/tonne on volume of 50…
UK Coal Starts Business Closure with CEO Departure
UK Coal, Britain's largest coal producer, has started the gradual closure of its loss-making business by parting ways with its chief executive officer, the company said. Kevin McCullough, brought in to help restructure the firm in early 2013, resigned…
Euro Coal Prices Drop on Oversupply
European physical coal prices dropped on Wednesday as weak spring demand and lower production revenues in Britain pulled down orders bids. Cargoes for delivery in June to Amsterdam, Rotterdam and Antwerp (ARA) were trading at $73 a tonne, down 25 cents…
