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Stock Market & Financial Investment News

News Breaks
November 26, 2012
13:08 EDTBTUMongolia may delay firm selections for coal field till mid-2013, Bloomberg says
Mongolia may delay the selection of companies to develop the country's largest coal field till mid-2013, says Bloomberg, adding that companies such as Peabody Energy (BTU), Chinaís Shenhua Group Corp. and Japanís Mitsui have shown interest in developing the coal field. Reference Link
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August 14, 2014
08:21 EDTBTUWhile 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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