Editorial: Cratering demand signals more trouble in coal country
The shift from coal to cheaper and cleaner fuel sources like natural gas and renewables claimed another victim in the U.S. last week. Peabody Energy said it will close its…
Peabody Energy Corporation
US markets down, Sept. 16-20: AngloGold, Peabody, Alcoa
The Dow Jones Industrial Average fell 1.05% to 26,935.07, and the S&P 500 Index fell 0.51% to 2992.07. Spot gold gained US$28.80 per oz. to finish the trading week at…
Top 10 US-based miners
The Northern Miner presents the top-10, U.S.-based mining companies by market capitalization. 1. Newmont Goldcorp Market cap: US$31.8 billion Newmont Goldcorp (NYSE: NEM) is a leading gold and copper producer…
US markets fall, May 13-17: Kinross, Iamgold, Peabody, Consol Energy
The Dow Jones Industrial Average lost 0.69%, or 178.37 points, to finish the May 13 to 17 trading week at 25,764.00, and the S&P 500 Index fell 0.76%, or 21.87…
US markets post slight gains: Vale, Cleveland Cliffs, Buenaventura, Franco-Nevada, Peabody Energy
The Dow Jones Industrial Average posted a marginal 0.17% gain to 25,106.33, while the S&P 500 Index ended 0.05% higher at 2,707.88. Despite a rising dollar, spot gold held above…
US markets move higher, Nov. 27 to Dec. 1
The Dow Jones Industrial Average posted its largest weekly gain since December 2016, buoyed by optimistic expectations that U.S. lawmakers were making progress on tax-cut legislation. The Dow climbed 2.9%…
US equities tumble, March 21–24
U.S. indexes snapped five weeks of gains after terrorist attacks in Brussels, which left 35 dead and hundreds injured, shook global markets. The S&P 500 Index fell 0.7% to 2,035.94…
US stocks climb, March 14–18
The U.S. Federal Reserve’s decision to cut interest rate hikes this year due to a weak global environment helped lift U.S. indexes. The central bank held its benchmark interest rate…
US markets move higher, March 7-11
The Dow Jones Industrial Average and the S&P 500 Index hit new highs for 2016 on the back of steady oil price gains (U.S. crude settled at US$38.50 per barrel…
Editorial: Arch Coal teeters under heavy debt, seeks bankruptcy protection
The deep convulsions in the ailing U.S. coal-mining sector are continuing unabated into the new year, with America’s second-largest coal miner, Arch Coal, seeking bankruptcy protection on Jan. 11.
Optimists see ‘gems’ in besieged coal markets
VANCOUVER — Attending the Coal Association of Canada’s annual gathering here in downtown Vancouver, it’s clear it’s a pretty terrible time to be in the coal business, and that goes for both the metallurgical (met or…
US stocks fall, Aug.17-21
U.S. equities tumbled as investors took in new data signaling a slowdown in China and a report that showed an unexpected rise in U.S. crude stockpiles, fuelling concerns of a global oil surplus. The S&P 500 Index and the Dow Jones…