Coal Industry News
A collection of Coal latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Banker buys coal mine for £1.5m without seeing inside and hits the jackpot
A former Wall Street banker who bought a coal mine for £1.5m made a remarkable discovery inside that could potentially be worth a whopping £28bn. When Randall Atkins acquired an old Wyoming coal mine for $2million (£1.5m), he…
Europe Boosts Coal-Fired Power as Gas Prices Rally on Iran War
Europe is burning more coal as the surge in natural gas prices forces utilities to switch to cheaper fuels to keep the lights on. German coal plants have increased their share of generation by about 2% so far this month compared with February, even…
New coal mines at greenfield sites to be banned in NSW
New coal mines on greenfield sites will no longer be approved in NSW under a plan published by the state government on Thursday setting out how the industry will be managed until 2050. It says that due to rapidly expanding renewable energy…
NSW first to ban new coal mines
The Minns government will no longer grant new licences to explore for coal and open greenfield coal mines in NSW, making it the first state to explicitly ban new coal mines. The new policy announced on Thursday effectively killed nine applications…
Coal plant forced to stay open due to emergency order isn't even running
In the US, the economics of coal power generation are marginal at best, and a large number of coal plants have shut down as cheaper renewables and natural gas have surged. The Trump administration has used a number of methods to swim against this…
Taxpayers could face billion-dollar rehab costs for troubled WA coal miner
Changes to Griffin Coal's mining agreement could allow the embattled miner to walk away from obligations to rehabilitate its operations near Collie. The miner is more than a billion dollars in debt and is being propped up by WA taxpayers due to its…
Man buys £1.5m coal mine without looking inside and hits the jackpot
A former Wall Street banker who purchased a coal mine for £1.5m made an extraordinary discovery inside that could potentially be worth a staggering £28bn. When Randall Atkins procured an old Wyoming coal mine for $2million…
CIL arm BCCL achieves single-day coal booking of 2.37 Lt under special discount scheme
Coal India arm BCCL on Thursday said it has achieved a record single-day coal booking of about 2.37 lakh tonne under its special discount scheme aimed at liquidating stockpiles. Under the scheme, discounts ranging from ₹100 to ₹600…
West Asia crisis: CIL taking adequate measures to ensure coal supply to all consumers
The government on Thursday asserted that India's domestic coal production is steadily matching consumer demands, with state-owned Coal India Ltd (CIL) implementing robust measures to secure uninterrupted dry fuel for all sectors, amid escalating…
The Coal-to-Gas Switch Was Neither Accident Nor Design
Our new paper asks a deceptively simple question: has participation in wholesale power markets shifted electricity generation in a lower-carbon direction? The answer matters not only for electricity economics, but also for how we think about…
Japan core machinery orders down 5.5% in January
Japan's seasonally adjusted core machinery orders in January fell 5.5% from the previous month, after a spike driven by large-scale orders in December, Cabinet Office data showed Thursday. The private-sector orders excluding those for ships and…
Citigroup Forecasts Strong Price Appreciation for Warrior Met Coal (NYSE:HCC) Stock
Warrior Met Coal (NYSE:HCC - Get Free Report) had its target price increased by equities research analysts at Citigroup from $80.00 to $100.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a 'buy' rating on…
CenterPoint Energy, Inc (Holdin (CNP) Stock Forecasts
CenterPoint Energy is a gas and electric company. The company is headquartered in gas-rich Texas and has 7 million gas customers with regulated service in IN, MN, OH, and TX. CenterPoint Energy has distribution and electric transmission operations…
Belarus leader hosts US envoy for talks, latest step in his effort to improve ties with Washington
TALLINN, Estonia (AP) — Authoritarian President Alexander Lukashenko on Thursday hosted a U.S. envoy for talks in the Belarus capital of Minsk, the latest step in the isolated leader's effort to improve ties with the West. Lukashenko met…
Whitehaven woods nature trail opens after transformation project
A woodland trail, built on the site of a former coal mine, has opened following a four-year restoration project. Walkmill Community Woodland, in Moresby Parks, near Whitehaven, was planted in the 1990s but had 'largely inaccessible' footpaths and…
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