coal

Anglo American‘s (OTC:AAUKF) efforts to sell coal assets have hit a significant setback following a fire at its flagship Grosvenor mine in Queensland, Australia. What Happened: Anglo American has been planning to sell its Australian coal assets, including Grosvenor, as part of a broader...

Experts agree that Indonesia's president-elect Prabowo Subianto will continue to build up the nation's vertically integrated nickel industry. What is less certain is how he will balance the nation's relationship with China—currently the biggest foreign investor in the country's nickel industry—with...

Coal stocks have pulled back amid speculation about future leadership in India, a major importer, but the sell-off may have more to do with short-term trading sentiment rather than a shift in market fundamentals. The Range Global Coal Index ETF (NYSE:COAL) fell 3.8% Tuesday as early results in...

At Glencore‘s (OTCPK: GLCNF) plans to consult with shareholders on the future of its coal business following the anticipated closure of its deal to acquire Teck Resources (NYSE:TECK) steelmaking coal assets. Glencore CEO Gary Nagle said at the annual general meeting held on May 29 that the...

Top Stories for May 9, 2024: Piedmont Lithium (NASDAQ:PLL) reported Q1 results with a record production of 40,439 dry metric tons (dmt) at North American Lithium, which achieved record lithium recoveries of 69%.  The company expects full run-rate production in the second half of the year and...

Top Stories for May 2, 2024 Warrior Met Coal (NYSE:HCC): The Brookwood, Alabama-based company reported Q1 results with net income of $137 million, sales of $503.512 million and adjusted EBITDA of $200.2 million. Warrior Met saw a 17% increase in production volumes for its highest quarterly...

Despite global efforts towards decarbonization, coal imports in China are on the rise, signaling persistent demand for the commodity. The surge in imports contradicts previous forecasts of a decline, demonstrating China’s continued reliance on coal for various industrial processes and...

Coal prices have risen in the past couple of days since the Port of Baltimore was closed following the collapse of the Francis Scott Key Bridge, cutting off many of the port’s facilities. The price of a ton of U.S. coal rose by 0.6% on Thursday to $113.25. Meanwhile, the Range Global Coal ETF...

Tesla Inc (NASDAQ:TSLA), Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) were all hands on deck to find alternative shipping routes on Wednesday after a bridge collapse caused the shutdown of the Port of Baltimore. Ford and GM said they expected minimal impact, although the East...

U.S. coal miner and exporter Consol Energy Inc. (NYSE:CEIX) said Tuesday that a major bridge collapse is delaying vessel access at its terminal at the Port of Baltimore. Early Tuesday, a container ship the company said wasn't carrying Consol coal struck a support column of the Francis Scott Key...

Searching for yield in today's stock market can be challenging — the current average dividend yield of S&P 500 companies is 1.5%. But for those who are willing to look beyond the most popular tickers, companies with much bigger payouts exist.  Case in point: Alliance Resource Partners (...

If there is a single country that greatly influences the global coal industry, it’s China. Chinese coal consumption has increased almost threefold since 2002: larger than the rest of the world combined. To compare, coal makes up around 10% of the total energy usage in the USA, while similar...

The Inflation Reduction Act was a key piece of legislation passed by the U.S. Congress in 2022. A senator is now working to delay one of the key pieces of the legislation, in a move that could be a conflict of interest. What Happened: Sen. Joe Manchin (D-WV) was one of the key people...

The Energy Select Sector SPDR Fund (NYSE: XLE) was up 34.45% year-to-date, alongside major energy names such as Exxon Mobil Corp (NYSE: XOM) and Chevron Corporation (NYSE: CVX), both also having a banner year. The industry, according to analyst Gianni Di Poce, has more room for growth....

Shares of clean energy stocks fell Friday due to concerns that the Build Back Better Act won’t pass now due to a lack of support from West Virginia Senator Joe Machin III. Could there be a conflict of interest arising once again? What Happened: Manchin told Senate Democrats he won’...