Articles Tagged "coal articles"

BC Buys Arctos Project From Fortune Minerals and POSCAN for $18.3 Million

On Monday, the British Columbia Government announced that BC Rail would buy 61 coal licenses in northwest British Columbia from Fortune Minerals and POSCO Canada for approximately $18.3 million. The buy comes as the government looks to resolve issues raised by the local Tahltan Nation regarding development of the project.

Coal Price Up 10 Percent as World’s Biggest Coal Port Remains Shut

Australia's Newcastle Port, the largest coal port in the world, has been closed since Monday due to severe storms on the east coast of the country. The price of thermal coal for delivery next month from Newcastle has gone up 10 percent, to $68 per tonne, on the back of delays expected due to the storm.

5 Top Coal Stories for Q1 2015

The first quarter of 2015 didn't bring much relief for the coal price and coal companies. And unfortunately now that we're well into the second quarter of the year, the situation is not looking much better. That said, there's definitely still interest in the coal market — here's a look at Coal Investing News' top articles from Q1.

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.