MarketWatch reported that Anglo American is cutting jobs at its Grasstree Coal mine.
Articles Tagged "Coal Stocks"
Morien Resources Corp. (TSXV:MOX) announced that they have started trading on the TSX-V Exchange.
Reuters reported that James River Coal reported a bigger than expected quarterly loss.
Reuters reported that coal shares fell on Wednesday in the wake of Obama's re-election, amidst fears that he will impose tough, new regulations on the sector.
Bloomberg reported that Chinese Yanzhou Coal hit a seven-week low in Hong Kong trading, pulled down by weak Q3 results.
Reuters reported that Arch Coal unexpectedly announced a profit for Q3.
CNBC reported that unionized coal miners have accepted BHP Billiton's employment contract offer, ending two years of industrial action.
Mineweb reported that, while production has declined for several minerals year-to-date in 2012, Vale's coal production ramped up to set records.
MarketWatch reported the Energy Information Administration announced in April that for the first time ever, coal is no longer the number one power-generator, with natural gas and coal accounting for 32% of U.S. power generation each. The fight for clean air, attempts to free the nation from foreign oil, as well as money and changes in technology have all affected the need for coal.
The Street reported that coal company stocks are still declining after months of losses.