Coal - Mining Analysis

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Industry Trend Analysis - Weekly Mining & Projects Roundup - NOV 2014

We expect the Bloomberg World Mining Index to trade within the 200-250 range over Q414. Persistent oversupply in the coal, iron ore and copper markets will continue to tame the recovery in mineral prices following significant declines over recent quarters. For instance, Newcastle steam coal prices have fallen 25% in the year-to-date, while iron ore prices collapsed 40% over the same period. Loo...

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Industry Trend Analysis - Consol Restructuring Should Pay Dividends - FEB 2014

We maintain that Consol Energy's recent shift towards natural gas and away from coal remains aligned with our long-held view towards US power sector dynamics. We forecast that demand for thermal coal will stagnate through 2023 as utilities continue their shift towards gas-fired electricity production. Though the firm's Q413 profit jump is largely tied to its recent sale of five coal mines, we...

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