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Stock Market & Financial Investment News

News Breaks
February 25, 2013
15:26 EDTBTUPeabody Energy discloses subpoena from SEC served in January
Peabody Energy disclosed in its annual 10-K filing that in January, the SEC staff served a subpoena on the company seeking information and documents relating to the development of Prairie State. The company is cooperating with the SEC's investigation. Based on current information, the company believes that such other pending or threatened proceedings are likely to be resolved without a material adverse effect on its financial condition, results of operations or cash flows.
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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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