Hints and tips:
...Among the shares that have outperformed since the start of last year are Whitehaven Coal, up about 200 per cent, and Peabody Energy, which has surged more than 150 per cent....
...Coal producers no longer have their own ETF — but shares in Peabody Energy, the US’s biggest coal producer, soared by more than 130 per cent last year, outperforming even Occidental Petroleum, the S&P 500...
...a lucrative but judicially approved deal to restructure coal producer Peabody Energy....
...At 2.5 times ebitda — broadly in line with listed pure-play Peabody — the coal division’s enterprise value alone accounts for $49bn of Glencore’s total of $100bn....
...Peabody Energy, the world’s biggest private sector coal producer, posted its highest quarterly profit in nearly two decades as it rode a wave of surging demand despite global efforts to shift away from the...
...The contract agreed last year locked Peabody into a sales price of $84 per metric tonne until mid-2023 for a fraction of its seaborne thermal coal production in Australia....
...Shares in Peabody, which owns stakes in 17 active coal mines in the US and Australia, are up 500 per cent from a year ago....
...Swiss-based Glencore is expected to rake in first-half coal ebitda of more than $8bn, while shares in US excavators Peabody Energy and Arch Resources are up 226 per cent and 170 per cent, respectively, in...
...Peabody said the price for shipments of metallurgical coal was up more than 150 per cent since the previous year at $211 per short ton....
...Peabody’s share price is eight times its level at the beginning of last year....
...But Peabody Energy came unstuck with a hedge on coal, the commodity it mines. This committed the US group to a sale price of $84 per metric tonne....
...Peabody chief executive Jim Grech expects this year to bring “a period of elevated demand” for coal, and continued high prices....
...Goldman accused of breaching coal pledge with Peabody deal The Wall Street bank is under fire from environmentalists over a $150mn loan to Peabody Energy, the world’s biggest private sector coal producer...
...Last Thursday, Jim Grech, chief executive of the biggest US coal producer, Peabody Energy, told analysts that his company was now “optimistic” regarding the “robust coal market dynamics”....
...Others include Glencore, the world’s biggest exporter of thermal coal, Peabody Energy, Whitehaven Coal and Exxaro Resources....
...US coal miner Peabody Energy has posted collateral of $534mn to cover margin requirements....
...“In the US, thermal coal market indicators are favourable,” James Grech, chief executive of Peabody, told analysts....
...Another fossil fuel group expected to post solid earnings is Peabody, the world’s biggest coal producer, which reports this morning....
...pledge with Peabody deal (FT) Kering buys US high-end eyewear brand Maui Jim (Reuters) The Big Four face a fraught exit from Russia (FT)...
...Peabody Energy posts highest quarterly profit for two decades The world’s biggest private sector coal producer rode a wave of surging demand despite global efforts to shift away from the dirtiest fossil...
...China is returning to its old coal habit as it prioritises economic growth over climate ambitions....
...Peabody is the fifth-biggest coal producer in Australia....
...pace of coal plant retirements and growth in renewable generation, said Mark Spurbeck, Peabody’s chief financial officer....
...Peabody Energy, the world’s largest private sector coal miner, this week warned it could go bankrupt as revenue slumped....
...The FTC noted that Peabody and Arch produced more than 60 per cent of the coal in the southern Powder River Basin....
International Edition