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EIA's Coal Markets Report: September 18, 2017

The Coal Markets Report has been updated for the business week ending September 15, 2017.

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Peabody Successfully Completes Credit Agreement Repricing Amendment

"Today's announcement reflects yet another positive step in further strengthening our capital structure and executing on the priorities we outlined in August," said Executive Vice President and Chief Financial Officer Amy Schwetz.

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Danny Knott Named to National Coal Mine Rescue Hall of Fame

Madisonville (Kentucky) Community College Director of Mine Rescue Danny Knott was named to the National Coal Mine Rescue Hall of Fame during the 2017 National Mine Rescue contest held in Beaver, West Virginia recently.

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Technology Increases Coal Production

Brian Lego, assistant professor at WVU's Bureau of Business and Economic Research, attributes coal productivity increases to technological advances and “capital investments” at the mines –most notably, the proliferation of longwall mining machines.

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Spanish Coal Groups Face Closure Within Weeks

Several Spanish coal companies could be forced to close in the coming weeks because of the lack of demand from domestic coal-fired plants, coal mining companies group Carbunion said in a statement Monday.

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GE Calls for Global Effort to Aid Coal Industry

A GE spokesman told the Ghana News Agency in London: “Access to affordable and reliable energy in developing countries is necessary to support their emerging economy, create jobs, and support the health and well-being of the people.”

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Other News
Westmoreland Reports Second Quarter and First Half 2017 Results

Westmoreland Coal Company today reported revenues of $323.0 million from 11.0 million tons sold.

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President Trump: Putting Coal Country Back to Work

H.J.Res. 38 blocks an overly burdensome regulation that threatened the coal industry with millions of dollars in compliance costs, reduced coal production, and fewer jobs.

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