Contura Energy

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Contura, Citing Weak Investor Interest, Pulls Its IPO

Bloomberg News: Contura Energy Inc., which inherited some of Alpha Natural Resources Inc.’s best coal mines during that company’s bankruptcy, has withdrawn a plan for an initial public offering amid lackluster demand from potential investors. Contura’s decision underscores how cautious Wall Street has been about investing in the U.S. coal sector, despite a rebound following […]

August 11, 2017 Read More →
IEEFA Update: In Federal Coal-Policy Reversals, Trump Is Handing Out Snowballs in a Blizzard
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IEEFA Update: In Federal Coal-Policy Reversals, Trump Is Handing Out Snowballs in a Blizzard

Companies Are Cancelling Applications for New Leases on Public Lands or Seeking Delays; Presidential Pronouncements Seem Little More Than Symbolic

Its reversal earlier this year of a moratorium on federal coal leases put into place last fall by President Obama got the Trump administration lots of applause from the industry. It got more this week for rescinding a rule that came onto the books several months ago in a federal policy change meant to end […]

Analyst: U.S. May Never Have an Investment Grade Coal Company Again

Taylor Kuykendall in SNL: Despite near-term improvements in the U.S. coal sector, getting investors excited about the industry may still prove a tough sell. “I don’t necessarily think we are ever going to get back to a situation where we’re going to have an investment-grade coal company again,” Chiza Vitta, an analyst with S&P Global Ratings, said […]

July 11, 2017 Read More →

IEEFA Swamp Watch: Discord Within the Fossil-Fuel Industry Over What to Do Now

Wrangling, and Uncertainty, Over the Paris Agreement on Climate Change

The swamp is becoming quite the quagmire as arguments bubble up among coal, oil, and gas interests about whether the U.S. should withdraw from the Paris Agreement on Climate Change. With the Trump administration in power, the fossil-fuel industry now has the keys to the kingdom. Yet its giants appear confused and in disarray. Whatever […]

‘Coal Investors Unlikely to Support Deals or Growth Projects’

Platts: Publicly traded US coal producers aren’t likely to splurge on acquisitions or growth projects in the coming years, and instead should distribute their earnings to shareholders, an equity analyst report said Tuesday. Seaport Global’s Mark Levin said a number of producers, including Peabody Energy, Arch Coal and Contura Energy, have emerged from reorganization with […]

April 19, 2017 Read More →

The Coal Company Formerly Known as Alpha Natural Resources Agrees to End Questionable Self-Bonding Scheme for Cleanup Costs

Casper Star Tribune: Contura Energy will ditch its collateral bonds in favor of secure insurance to guarantee the cleanup of its Wyoming coal mines after local environmental advocates pushed for stricter accountability. The clash of interests follows a long series of battles during the coal downturn. Coal companies, environmentalists and state and federal regulators frequently […]

April 18, 2017 Read More →