January 26, 2018 Read More →

U.S. Coal Numbers Slip in Latest Quarterly Data

S&P Global Market Intelligence:

Early reported data on U.S. coal mine production and average employment suggests that a recent rise in coal jobs that started in mid-2016 reversed course in the fourth quarter of 2017.

While multiple reports have suggested the coal sector had a better 2017 than 2016, preliminary data available from the U.S. Mine Safety and Health Administration database shows production and employment declined by 1.1% and 1.4%, respectively, from the prior quarter.

The U.S. coal sector continues to face a loss of utility coal customers despite relief from President Donald Trump’s efforts to push deregulation of the energy sector. The remaining, aging coal fleet is increasingly being replaced by other forms of generation. While export opportunities come and go with international markets, the bulk of U.S. coal production goes to domestic customers.

More: Early data suggests coal jobs, production took a dip in most recent quarter

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