As Peabody Energy Corp. warns that it may be the next casualty of cheap natural gas, coal watchers are increasingly scrutinizing gas drilling data to gauge when the downward spiral might end. Peabody, the largest U.S. coal producer, said Wednesday that it may need to file bankruptcy, joining...

Banpu Public Company Ltd has released its 5-year business plan entitled ‘Balanced Growth, World-Class Sustainability’. The plan details guidelines for 2016-2020 around five themes: Strategic flexibility in the face of economic uncertainty. Cost reduction and rationalisation,...

(Reuters) – Peabody Energy Corp (BTU.N), the largest U.S. coal producer, may have to seek bankruptcy protection, the company said in a regulatory filing on Wednesday, citing poor economies in countries that import coal and other factors battering the coal industry. Its shares fell 46...

It is nearly three months since 195 global heads of state congregated for the UN Climate talks in Paris and agreed on the first ever universal, legally binding, global climate deal. The Indian government and its delegation played a key role in shaping the agreement, recognition that the country has...

The dark days of coal suddenly lit up with coal ETF, Market Vectors Coal ETF (KOL), adding about 25% so far this year. In just the last one month, the fund advanced 27.5% while it scooped up about 17% returns in the last five trading sessions (as of March 7, 2016). Investors should note that...

NEW YORK: Wall Street banking giant JPMorgan Chase said on Monday (Mar 7) that it would avoid financing new coal projects in advanced economies due to their contribution to global warming. The bank’s official Environmental and Social Policy Framework drew a line against supporting new or...

Indonesia’s Ministry of Energy and Mineral Resources set its March thermal coal reference price, also known as Harga Batubara Acuan, at $51.62/mt FOB, for its first rise in a year. March’s HBA price represents a rise of 1.4% from February but a drop of nearly 24% year on year. The...

With coal prices continuing to decline, Indonesia will struggle to provide the coal needed to fire up its power stations in the near future, a study predicts. The government is struggling to expedite a number of power plant projects under its ambitious 35,000 megawatt (MW) generation program,...

BEIJING (Reuters) – China aims to keep energy consumption within 5 billion tonnes of standard coal equivalent by 2020, it said in its five-year plan published on Saturday, marking the first time the world’s second-biggest economy has set such a target. China has long been considering...

SEOUL: An increase in the number of coal-fired power plants starting operations this year will likely drive record coal demand in South Korea, despite the country’s pledge to curb greenhouse gas emissions at last year’s Paris climate summit. The Korea Energy Economics Institute...