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Stock Market & Financial Investment News

News Breaks
April 17, 2014
14:00 EDTACIArch Coal investigating potential misconduct of personnel, Bloomberg says
Arch Coal says it has asked authorities to help it investigate potential misconduct of personnel and vendors in West Virginia, according to Bloomberg, citing an e-mailed statement from the company.
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August 14, 2014
08:21 EDTACIWhile Appalachian mines close, U.S. ramps up coal imports, WSJ says
Coal imports surged 44% to 5.4M metric tons during the first six months of this year compared with last, despite coal mines closing throughout the Appalachia region, reported The Wall Street Journal, which noted that IHS Energy said it costs $26 a ton to ship coal from Central Appalachia to Florida but only $15 a ton to get coal from a mine in Colombia. Imports supply just 1% of U.S. coal consumption, but the imports, especially from Colombia, "are a factor" in mine closings, the report added. Publicly traded coal companies include Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU), Alliance Resource Partners (ARLP), and Walter Energy (WLT). Reference Link

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