Some coal companies appear to be banking on opportunities for short-term gain with metallurgical coal, but the metallurgical market can only prop up the industry for so long.
Some coal companies appear to be banking on opportunities for short-term gain with metallurgical coal, but the metallurgical market can only prop up the industry for so long.
Alabama coal company sued for water pollution, a petition to pause a nuclear plant, the price of metallurgical coal rises and other short energy stories from across the region.
In 2011, the nation’s three largest coal companies bet billions of dollars on future Chinese demand for steelmaking metallurgical coal, a primarily from Appalachia. When Chinese demand fell, so did the Appalachian coal export market.
By Brian Sewell Recently, coal exports have provided operators in Appalachia with a crucial buffer against the market-driven forces that are shaping the energy landscape across the United States. According to the U.S. Energy Information Administration, between 2009 and 2011,…