coal prices

Coal

Coal Stock Jumps 21%

After Westmoreland Coal Co. (NASDAQ: WLB) announced late Monday that it has completed its acquisition of a New Mexico coal mine for $127 million, shares popped by 21% Tuesday morning ...
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Coal

Coal Asset Auctions Coming This Week

Bankrupt coal miners Alpha Natural Resources Inc. (NYSE: ANR) and Walter Energy Inc. (NYSE: WLT) are both scheduled to hold auctions in the coming week as they try to raise ...
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Coal

Arch Coal’s Pre-Destined Bankruptcy Filing

The other shoe has dropped for Arch Coal Inc. (NYSE: ACI). The coal miner said Monday morning that as part of restructuring deal with its lenders, it and "substantially all" ...
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train hauling coal

Coal Production Keeps Taking It on the Chin

It's a crummy time to be a coal miner. If the political backlash against coal doesn't get you, you can bet your assets that warm winter weather will. A fresh ...
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Coal

Court Lets Mercury Rule Stand While EPA Counts the Cost to Coal Industry

Early Tuesday morning, the U.S. Court of Appeals for the Washington, D.C., circuit ordered the U.S. Environmental Protection Agency (EPA) to reconsider the agency's mercury rule following the June decision ...
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Coal

Ex-CEO of Massey Energy Convicted in Mine Deaths Case

The former CEO of Massey Energy, Don Blankenship, has been convicted in a West Virginia Federal District Court of conspiring to break mine safety regulations. He also was cleared of ...
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bankruptcy

Is Bankruptcy the Only Way Out for Arch Coal?

It is no secret that being in the coal business is now about as bad as would have been to be a coal miner in years past. The coal mining ...
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Coal

What Peabody, CONSOL Earnings Say About the Coal Market

Peabody Energy Corp. (NYSE: BTU) reported third-quarter results before markets opened Tuesday. The coal miner’s adjusted diluted net loss came to $8.13 per share on revenues of $1.42 billion. In ...
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coal train

What Was the Attraction in Coal Stocks on Thursday?

Judging by the heavy action and soaring stock prices at two coal miners on Thursday, an observer may be forgiven for thinking that all the natural gas in the U.S. ...
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Mountain top coal mine

Another Bidder in the Picture for Patriot Coal Assets

The twice-delayed auction for the assets of bankrupt Patriot Coal has attracted another potential bidder, according to the company’s attorney, who told the bankruptcy court that it hopes to have ...
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coal train

Coal Miners Take Another Beating on Friday

Coal-mining stocks have dropped from about 1% to 10% on Friday, with Arch Coal Inc. (NYSE: ACI) falling the most. No news on fundamentals in the coal business explain the ...
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Mountain top coal mine

Patriot Coal Bankruptcy Auction Set

When Patriot Coal filed for bankruptcy in May of this year, it became the first of the U.S. coal companies to succumb to the tumbling price of coal. The company ...
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coal

Arch Coal Soars as Debt Swap Offer Delayed Again

To say that shares of Arch Coal Inc. (NYSE: ACI) have been volatile Monday morning is not an overstatement. Shares opened at $7.54, down more than 8% from Friday’s closing ...
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Coal stack on white

Leveraged Loan Default Rate Soars on Coal Miner Bankruptcies

Since the beginning of March, 77% of leveraged loan default volume has come from metals/mining and energy companies. While the institutional rate for the trailing 12 months was 1.4% at ...
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coal train

Short-Covering, Possible Debt Swap Send Peabody Stock Soaring

The number of shares of Peabody Energy Corp. (NYSE: BTU) sold short is more than double what it was a year ago. The number of shares short hit a 12-month ...
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