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Stock Market & Financial Investment News

News Breaks
August 15, 2013
17:42 EDTANRAlpha Natural says Cumberland mine resumes operations
Alpha Natural Resources announced its that subsidiary, Cumberland Coal Resources, has mitigated adverse geological conditions in the headgate area of its Cumberland underground longwall mine in Greene County, Pa. As a result, the company has resumed operations and lifted the force majeure related to the geological conditions that halted mining operations and coal shipments July 15. The company says that while mining and coal shipments have resumed, mine personnel are gradually ramping up operations while continuing to monitor the headgate area geological status and all mine safety and operations conditions.
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August 14, 2014
08:21 EDTANRWhile 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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