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Stock Market & Financial Investment News

News Breaks
August 8, 2014
09:18 EDTCLD, WLBCloud Peak amends throughput agreement with Westshore Terminals
Cloud Peak Energy (CLD) announced that its logistics business has increased its committed capacity and extended the term of its throughput agreement with Westshore Terminals Limited Partnership for exports of low sulfur coal from Roberts Bank, British Columbia. In a related agreement, Cloud Peak Energy paid $37M to Coal Valley Resources, a recently acquired unit of Westmoreland Coal (WLB), for CVRI to voluntarily terminate its throughput agreement with Westshore Terminals, freeing up available space at the fully utilized Westshore Terminal. The amendment to Cloud Peak Energy’s throughput agreement is effective as of January 1, 2015 and extends the term through the end of 2024. The amendment also increases annual throughput volumes and associated take-or-pay commitments. As a result of the amendment, Cloud Peak Energy expects to increase its 2015 Asian exports to 6.0 to 6.5 million tons, compared to the 4.0 to 4.5 million tons currently forecasted for 2014. Cloud Peak Energy plans to provide additional 2015 export guidance in early 2015 as part of its year-end 2014 earnings announcement. Starting in 2019, Cloud Peak Energy expects to increase its Asian exports through the Westshore Terminal to 7.0 to 7.5 million tons.
News For CLD;WLB From The Last 14 Days
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September 30, 2014
09:31 EDTWLBCabot, Westmoreland announce activated carbon capacity expansion
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09:04 EDTWLBWestmoreland, Cabot announce activated carbon capacity expansion
Westmoreland Coal Company (WLB) and Cabot Corporation (CBT) plan to increase activated carbon manufacturing capacity in North America. The joint venture partners plan to double the capacity of their Bienfait, Saskatchewan manufacturing facility to meet the future demand for mercury removal products for use in the coal-fired utility market. The jointly owned facility will produce an additional 35 million pounds of powdered activated carbon. The Bienfait plant will continue to be served from a co-located mine that is operated by Westmoreland. The additional capacity will be commissioned in 2016. The expansion will produce Cabot’s benchmark DARCO Hg family of mercury removal products. Cabot will be responsible for the marketing of these products as well as the technology package, while Westmoreland continues to be the operator of the plant.
07:33 EDTWLBDeutsche Bank to hold a conference
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September 29, 2014
10:17 EDTWLBWestmoreland, Tata Chemicals extend long-term supply agreement
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September 26, 2014
17:20 EDTWLBWestmoreland cuts Q3 EBITDA view to $40M-$45M from $55M-$60M
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07:40 EDTCLDCoal stock price targets cut citing Q4 met coal benchmark at UBS
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September 23, 2014
07:13 EDTCLDCloud Peak should be bought at current levels, says Stifel
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