March 27, 2019 Read More →

Five companies mined 53% of U.S. coal production in 2018—S&P

S&P Global Market Intelligence ($):

Five coal companies produced more than half of the coal mined in the U.S. in 2018, while struggling Powder River Basin coal producer Cloud Peak Energy Inc. was bumped from the third-largest coal producer in the country to the fourth-largest.

The five largest coal companies in the U.S. produced about 403.5 million tons of coal, or 53.4%, of the 755.9 million tons produced in 2018, an S&P Global Market Intelligence analysis found. The top five coal producer rankings remained largely the same from 2017 to 2018, except that Murray Energy Corp., which primarily mines coal in the Northern Appalachia and Illinois basins, overtook Cloud Peak in terms of coal production volume.

Murray Energy, like many of the largest coal producers, reported relatively flat production from the mines it owned in 2018 compared to the same mines’ output in 2017. Murray Energy declined to comment about its production levels or future production plans.

Coal production at Cloud Peak mines declined by 14.0% from 2017 to 2018. The company has struggled with operational issues at its Antelope mine and recently warned that it was considering Chapter 11 bankruptcy reorganization.

Peabody Energy Corp., the largest coal producer in the U.S., mined about one-fifth of the coal produced in 2018. The company’s U.S. production of 155.5 million tons was down about 2.1% compared to the prior year and may go even lower in 2019 under Peabody’s plan to reduce volumes from North Antelope Rochelle, its flagship Powder River Basin mine, by about 10 million tons.

More ($): Top 5 miners produced over half of U.S. coal in 2018; Cloud Peak’s ranking slips

Comments are closed.