The Canadian government has given the green light to Glencore’s acquisition of Teck Resources’ steelmaking coal division, valued at $6.93 billion, imposing strict conditions aimed at safeguarding jobs and ensuring Canadian control…
On July 3, 2024, Italy marked a significant milestone in industrial innovation by launching its first trial using hydrogen to process steel products…
BHP Group, the world’s largest listed miner, has announced significant cuts to its employee incentive payments after failing to meet performance targets. This decision will affect tens of thousands of workers globally, as reported by the Australian Financial Review…
In the wake of the fire at Allegheny Met Coal’s Longview Mine, we take a look at what the possible market effects might be…
The shipping queue at Newcastle, a crucial coal export port in Australia, has reached a 23-month high, with 31 vessels waiting as of July 2. This surge in shipping delays has been exacerbated by both climate protests and adverse weather conditions, significantly impacting operations at the port…
An underground fire that began on June 30 at Allegheny Metallurgical Coal’s Longview Mine in Barbour County, West Virginia, has so far not stirred significant concern in the market. The incident at the mine, which only started operations in late 2023 and has a projected annual output of up to 3.1 million short tons, led to a halt in operations…
Anglo’s Grosvenor Coal Mine in Queensland, Australia was evacuated Saturday morning after a methane ignition caused a fire which engulfed the operation. Here, we take a look at possible effects on met coal markets…
The U.S. Army Corps of Engineers (USACE), Mobile District, has announced the closure of the Holt Lock in Alabama, cutting off river transportation for Peabody and Warrior…
A recent fire at the Grosvenor Coal Mine in central Queensland has triggered an evacuation and raised concerns about the mine’s future…
Labor negotiations between Canadian railroads and Teamsters Canada Rail Conference (TCRC) remain at a standstill as both parties await a critical decision from the Canada Industrial Relations Board (CIRB). The decision will determine whether essential freight must continue to be shipped in the event of a work stoppage…
An accident on the Blackwater railway system has disrupted coal exports from Australia’s 102mn t/yr Gladstone port in Queensland, which may take some time to resolve…
For our third installment in the series here, I thought it best to tackle Peabody Energy BTU -1.91%↓. That’s not necessarily because it’s an interesting risk-reward at this point in the market cycle. Rather, it’s simply because I get more questions on it than any other coal stock. Well, that and it has had the most predictable trading range of the entire sector…