Latest Coal Stories

ST. LOUIS, Oct. 17, 2012 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that it has extended its offers to exchange up to $1,518,821,000 aggregate principal amount of its 6.00% Senior Notes due 2018 and the guarantees thereof and $1,339,644,000 aggregate principal amount of its 6.25% Senior Notes due 2021 and the guarantees thereof, which have been registered under the Securities Act of 1933, as amended, for any and all of its outstanding 6.00% Senior Notes due 2018 and...

Toronto Stock Exchange: XRG KNOXVILLE, TN, Oct. 16, 2012 /PRNewswire/ - Xinergy Ltd. (TSX:XRG) ("Xinergy" or the "Company"), a Central Appalachian coal producer, today announced that its wholly-owned subsidiary, South Fork Coal Company, LLC, received requisite approvals to begin construction of its preparation plant and rail loading facility at its mid-volatility metallurgical coal project in Greenbrier County, West Virginia. The Company will begin site preparation work...

HOUSTON, Oct. 16, 2012 /PRNewswire/ -- Synthesis Energy Systems, Inc. (NASDAQ: SYMX) ("SES") today announced the closing of its strategic equity investment from Shanghai Zhongmo Investment Management Co., Ltd. ("Zhongmo") of $6.27 million for 4,177,335 shares of SES common stock. In addition, SES has also received the remaining $596,090 for the remaining 397,393 Hongye shares. These transactions complete the combined $15.5 million strategic investment from Hongye and Zhongmo...

TORONTO, Oct. 11, 2012 /PRNewswire/ - Corsa Coal Corp. (TSXV: CSO) ("Corsa" or the "Company") announces that it has filed its Condensed Interim Consolidated Financial Statements and Management's Discussion and Analysis for the three months and nine months ended August 31, 2012 on SEDAR and has posted these documents to its website www.corsacoal.com. Third Quarter highlights included: -- Positive cash flow from operations of $3.5 million -- Metallurgical coal...

VANCOUVER, Oct. 10, 2012 /PRNewswire/ - Compliance Energy Corporation ("Compliance" or the "Company) is pleased to announce that Mr. Stephen Ellis has been hired and appointed Vice President, Operations, for Compliance Coal Corporation. Compliance Coal in a wholly-owned subsidiary of the Company, and holds a 60% interest in over 31,000 hectares of coal rights on Vancouver Island, British Columbia, where we are focused on developing the Raven Underground Coal Project. Mr. Ellis...

TORONTO, Oct. 9, 2012 /PRNewswire/ - Pacific Coal Resources Ltd. (TSXV: PAK) announced today that the Company's Chief Executive Officer, Mr. Luis Carvajales, has tendered his resignation, effective immediately. The Company would like to thank Mr. Carvajales for his service and valuable contribution to the Company and wishes him well in his future endeavours. The duties of the Chief Executive Officer will be assumed by the Company's recently appointed Executive Chairman, Mr. Hernan...

ST. LOUIS, Oct. 9, 2012 /PRNewswire/ -- On Monday, Oct. 22, 2012, Peabody Energy will announce the results for the quarter ended Sept. 30, 2012. A conference call with management is scheduled for 10 a.m. CDT on Monday, Oct. 22. (Logo: http://photos.prnewswire.com/prnh/20120724/CG44353LOGO ) Participants may access the call using the following phone numbers: (800) 398-9367 U.S. & Canada...

Public-private effort meets challenge of improving air quality while saving jobs, association says HARRISBURG, Pa., Oct. 2, 2012 /PRNewswire-USNewswire/ -- The Pennsylvania Coal Alliance today joined the United Steelworkers in condemning a Philadelphia Clean Air Council challenge to the joint public-private effort to save nearly 1,000 jobs at the former Sunoco Philadelphia refinery. Earlier this year, federal, state and local officials joined forces to help a private venture...

LONDON, October 2, 2012 /PRNewswire/ -- The dynamics of petroleum coke supply are changing according to a new report from Roskill. New coking capacity and the heavier grades of crude oil being processed are increasing petroleum coke production levels. Consumption is still largely linked to competitive pricing levels, particularly for the bulk markets as a fuel where it competes with low value steam coal and shale gas. Political decisions in both North and South America...

ANNAPOLIS, Md., Oct. 2, 2012 /PRNewswire/ -- After four decades of rapidly escalating demand, Powder River Basin (PRB) coal producers are experiencing a prolonged decline in the domestic market. At least two venerable producers, Alpha Natural Resources and Arch Coal, find themselves in tenuous positions. That is one of many findings detailed in a new supply/demand study from two of the world's foremost experts on PRB demand, production and markets, "Powder River Basin Coal...