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Stock Market & Financial Investment News

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February 13, 2013
16:26 EDTCLDCloud Peak Energy reports Q4 adjusted 54c, consensus 50c
Reports Q4 revenue $374.8M, consensus $404.25M.
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August 14, 2014
08:21 EDTCLDWhile 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
August 8, 2014
09:18 EDTCLDWestmoreland announces monetization of port agreement
Westmoreland Coal (WLB), through its Coal Valley Resources subsidiary, has entered into several agreements that will result in all of its Coal Valley Mine export tonnage being shipped through Ridley Terminals located in Prince Rupert, British Columbia, Canada, beginning January 2015. CVRI voluntarily entered into a Termination Agreement with Westshore Terminals, located in Roberts Bank, British Columbia, Canada, to terminate its throughput capacity at Westshore effective as of December 31. Under a separate, but related agreement, Cloud Peak (CLD) paid $37M to CVRI in order to obtain CVRI's capacity at the fully utilized Westshore Terminals.
09:18 EDTCLDCloud Peak amends throughput agreement with Westshore Terminals
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