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Rio Tinto’s Restructuring Signals a Global Industry Step Away From Coal

In announcing an abrupt restructuring and executive downsizing last week, the global mining giant Rio Tinto openly signaled its move away from coal-mining. As part of the changes, Rio’s coal and copper operations will be combined, while uranium will be added to the diamonds and minerals group. More important is the immediate departure of the […]

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A Ratepayer-Friendly Regulatory Decision in Ohio Means One Down, Three to Go

A Ratepayer-Friendly Regulatory Decision in Ohio Means One Down, Three to Go

Kudos to the Public Utilities Commission of Ohio (PUCO) for standing up for residential and business customers. The commission last week denied American Electric Power’s request for long-term power purchase agreements for two aging coal-fired plants, the Kyger Creek Station and the Clifty Creek Station. The request, first filed in December 2013, was a bailout […]

U.S. Coal-Industry Redux 2015: It’s Not Getting Any Easier for Alpha, Arch, Cloud Peak, or Peabody

U.S. Coal-Industry Redux 2015: It’s Not Getting Any Easier for Alpha, Arch, Cloud Peak, or Peabody

Nothing whatsoever has changed in the troubling tea leaves for the U.S. coal industry lately, and our forecast into 2016 remains gloomy and getting gloomier. Here are the broad strokes for each of the four largest producers, ranked by size: Peabody Energy’s numbers for 2014 show that the U.S. coal industry has decoupled from the […]

March 2, 2015 Read More →
Within the Coal Industry Itself, Less Reliance on Coal

Within the Coal Industry Itself, Less Reliance on Coal

It’s increasingly evident that if U.S. coal companies are to survive they must diversify. This truth is obvious even to some coal-industry executives, most notably perhaps Bob Murray, the outspoken CEO of Murray Energy who famously said this a few months ago: “We have the absolute destruction of the United States coal industry. It isn’t […]

February 27, 2015 Read More →
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