Articles Tagged "coal articles"

Jonny Sultoon Talks Coal Price and Coal Market Outlook at PDAC 2015

At the 2015 PDAC International Convention, Trade Show & Investors Exchange, Resource Investing News spoke with Jonny Sultoon, research director for global coal markets at Wood Mackenzie about some of the key factors driving the coal market. Overall, he sees "possible price floors being reached" in 2015, with met coal sitting around $114-$116 per tonne and spot Newcastle thermal coal prices coming in at $62-64 per tonne.

Coal ETF Falling on Weak Coal Prices

ETF Trends reported that the Market Vectors-Coal ETF (NYSEARCA:KOL) has fallen on a weaker performance from the coal market. According to the publication, the fund holds 34.7 percent US coal producers and 10.9 percent Australian companies.

Cardero Announces New Resource Estimate for Carbon Creek

Cardero Resource has made good on a promise to put out a new technical report for its Carbon Creek joint venture project. Carbon Creek underwent a significant change back in June when Cardero withdrew from a coal lease that made up part of the project, rendering a previous prefeasibility study invalid.

Coal Outlook 2015: Material Recovery in Pricing Still a Few Years Out

2014 hasn't been the best year for the coal market. Next year, Joe Aldina of Wood Mackenzie expects to see more high-cost supply come out of the market, but his firm isn't calling for a material recovery in coal prices for another couple of years.

News of CALPERS Potentially Divesting its Coal Assets Overdone

On December 15, news outlets announced that a California state senator might propose a bill in January that would require the California Public Employees’ Retirement System to divest of its holdings in companies that produce coal. This headline-grabbing news sent coal stocks and ARLP partners down significantly. However, Peter Epstein thinks that the reaction was possibly overdone.