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The Latest Breaking News from Coal

Buy These 3 Stocks Yielding More Than 5% to Protect Your Portfolio

The fears of a global economic slowdown, coupled with the Fed’s monetary policy tightening to combat inflation and intensifying geopolitical tensions, are expected to keep the stock market under tremendous pressure in the near term. Given the market turbulence, we think the shares of Rio Tinto (RIO), Westlake Chemical Partners…

StockNews.com

Electricity prices surge on coal price rises and outages

Consumers facing big power bill increases says regulator

Newcastle Herald

A Toll Bros. founder sees new business opportunities amid global troubles

Bruce E. Toll, co-founder in 1967 of Fortune 500 homebuilder Toll Bros., has long since diversified his fortune from the Fort Washington-based firm. His firm BET Investments Inc. has bet on health care, medical, information technology and telecom companies. And in Pennsylvania he owns coal fields and auto dealers and…

The Philadelphia Inquirer

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KTPP mishap: Genco suspends 2 engineers, shifts another

One among 7 hurt in coal mill accident succumbed on Wednesday

The Hindu

Null and void: no simple fixes ahead for the Hunter's old mines

Email letters@newcastleherald.com.au or send a text message to 0427 154 176 (include name and suburb).

Newcastle Herald

Australia’s wholesale power prices double in a year as coal-fired power plants falter

The jolt in costs is being blamed mostly on more expensive fossil fuels and falling reliability of coal-fired power plants

The Guardian - AU

Report: Russia raked in $66B from fuel exports since forces launched invasion of Ukraine

Germany has been the biggest importer of Russian oil, gas and coal, study finds.

Axios

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Greens say Hunter needs identity shift away from coal

The Greens say the major parties are sending mixed messages about the Hunter's future in green manufacturing.

Newcastle Herald

Calling the safeguard mechanism a ‘sneaky carbon tax’ is a scare campaign and an argument for inaction

Scott Morrison is criticising the Coalition’s own climate policy – it’s just one that has barely been used

The Guardian - AU

Eight trains cancelled for coal transport in Uttar Pradesh

LUCKNOW: In a bid to help the state maintain power supply in the scorching heat, the railway board has cancelled eight express trains in UP till further notice to provide hassle free passage to coal laden freight trains for thermal power stations.

The Times of India

Russia doubles fossil fuel revenues since invasion of Ukraine began

Country receives about €62bn from exports of oil, gas and coal in two months, with Germany the biggest importer

The Guardian - UK

Norfolk Southern Shares Pop After Q1 Results Beat Estimates

Norfolk Southern Corp (NYSE:NSC) reported first-quarter FY22 railway operating revenue growth of 10% year-over-year to $2.9 billion, beating the consensus of $2.84 billion. Revenue was driven by a 16% increase in revenue per unit. Sales by segments: Merchandise $1.67 billion (+3.9% Y/Y), Intermodal $854 million (+18.9% Y/Y) and Coal $389 million (+24.7%…

Benzinga

Business waiting for detail on Labor climate plan

Labor's plan to cut emissions has provoked a Groundhog Day talkfest about jobs and carbon taxes, but Tomago Aluminium boss Matt Howell says it is unclear what impact, if any, the policy will have on his company.

Newcastle Herald

Greens to push for coal export levy if they hold balance of power

Adam Bandt to unveil minor party’s climate policy including making Australia a ‘renewable energy superpower’ and net zero by 2035

The Guardian - AU

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The Independent UK

Death toll rises to 18 from Polish mine accidents; 7 missing

The death toll from disasters in two Polish coal mines rose to 18 after the bodies of four missing miners were found

Benzinga

Arch Coal's Return On Capital Employed Overview

According to Benzinga Pro, during Q1, Arch Coal (NYSE:ARCH) earned $271.87 million, a 19.98% increase from the preceding quarter. Arch Coal also posted a total of $867.94 million in sales, a 7.72% increase since Q4.

The Conversation

View from The Hill: Warring within Coalition over 2050 target brings some gold dust for 'teals'

“The world has moved past Matt Canavan,” Nationals deputy leader David Littleproud declared on Wednesday, tossing his party colleague and former resources minister firmly under the bus as the “climate wars” exploded within the Coalition.

Birmingham Post

Government asks Drax to keep coal on the back burner as energy crisis continues

North Yorkshire energy giant intends to close two remaining units in September but 'remains committed to supporting security of supply in the UK'

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The Guardian - AU

Clive Palmer’s proposed open-cut mine could have ‘far-reaching impact’ on Great Barrier Reef, study finds

Study finds tidal currents could introduce pollution from coalmine into seagrass meadows and dugong sanctuary in marine park

Reuters

Climate rows resurface in Australia's ruling coalition ahead of election

Australia's ruling conservative coalition on Wednesday looked to downplay internal debates over climate policy ahead of a national election to be held on May 21 after signs of division re-emerged over the government's emission reduction targets.

The Times of India

Amid coal crisis, power plants meet record 201 GW demand

NEW DELHI: India’s power plants met maximum demand of over 201 GW (gigawatts) at 2.51 pm on Tuesday, beating the previous record of over 200 GW clocked on July 7 last year, as the economy began firing on all cylinders and a raging heatwave further fuelled consumption.

The Conversation

A new coal mine in Cumbria makes no sense for the climate – or Britain's energy security

A flurry of newspaper articles has speculated that Michael Gove, the UK minister responsible for planning, will shortly approve the long-debated proposal for a new deep coal mine in Cumbria, northern England. Look closer, and this speculation is based on one unnamed source who told The Sunday Telegraph: “I don’t…

The Hindu

Global coal plant capacity dips in 2021

China leads in coal power expansion followed by India, says new report

Birmingham Post

The Banks Group sees profits fall as it continues business transition away from coal

The group expects to see strong recovery in 2022, after the impacts of Covid, planning delays and the end of its coal business

The Independent UK

Death toll rises to 13 in Poland mine accidents; 11 missing

The death toll from two coal mine accidents last week in southern Poland has risen to 13 after another injured miner died

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