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Stock Market & Financial Investment News

News Breaks
April 22, 2014
07:49 EDTACIArch Coal: Q1 results reflect challenging global metallurgical coal market
The company also cites the impact of rail performance issues on Q1. The company said it is reducing its expected metallurgical coal sales volume by 1M in 2014 in response to soft market conditions. The company will plan to concentrate its metallurgical production in the lowest-cost assets in Appalachia.
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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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