Find out what's happening in the world as it unfolds.In a four-to-one vote, the FTC found that a joint venture would "eliminate competition" in the Powder River Basin, a major-coal producing region in northeastern Wyoming. An email confirming your password has been sent. Our subsidiary, Matrix Design Group, LLC, has been producing face shields using 3D-printing technology and providing them to medical professionals.We have delivered over 40 face shields and further production is ongoing. If you have any questions or concerns please contact Please Note: Platts Market Center subscribers can only reset passwords via the Enter your Email ID below and we will send you an email with your password. If you are a premium subscriber, we are unable to send you your password for security reasons.

In fact, the United States could get In October, Murray Energy, the nation's largest private coal miner,St. Coal news updates. Access latest agriculture news and analysis, conferences and events.Access latest coal news and analysis, conferences and events.Access latest power news and analysis, conferences and events.Access latest metal news and analysis, conferences and events.Access latest gas news and analysis, conferences and events.Access latest metal news and analysis, conferences and events.Access latest oil news and analysis, conferences and events.Access latest petrochemicals news and analysis, conferences and events.Access latest shipping news and analysis, conferences and events. Please use the button below and we will bring you back here when complete. If you are a Platts Market Center subscriber, to reset your password go to the Alliance Resource Partners Q2 coal sales, revenue slump; remains optimistic about Q3 demandLME announces target to increase transparency around sustainabilityCoal stockpiles drop month on month for first time since August 2019Q2 coal sales total 5.2 million st, down 49.2% on year All rights reserved. Alliance posted a net loss of $46.7 million in Q2, compared with a net profit of $58.1 million in the year-ago quarter. "The entire energy industry, including [Alliance], has had to react quickly to the rapid loss of demand," Craft said. Factset: FactSet Research Systems Inc.2018. While Alliance Resource Partners has increased the share of exports from 4.5% of total sales volume in 2016 to 27.8% last year, international markets are also reducing coal consumption for … Yet coal continues to lose ground because of economics. It’s free and easy to do. To continue reading you must login or register with us. The White House declined to comment on the FTC decision. Republican FTC Commissioner Christine Wilson was the lone dissenter. "While the pandemic continues to create uncertainty in the global economy and suppress energy demand, our customers have indicated their intention to take all tons contracted for this year, in most cases, at the minimum levels," Craft said.Craft noted recent "encouraging signs," particularly improved economic activity and favorable weather patterns for increased electricity demand.Power demand jumped 55% month on month in June, marking the second consecutive month of increased coal burn and pushed utility coal stockpiles lower for the first time since August 2019.Current 2020 targets include production and sales volumes of 27 million st and 28 million st, respectively.Contracted tons for 2021 sit at over 17 million st, Craft said, adding that the company hopes to be near 2019 levels in 2021, based on conversations with customers and domestic sales expectations. Your registration is complete and your account is active. "Driven by the resultant lockdowns and decline in demand, Alliance temporarily idled mines in the Illinois Basin and East Kentucky in order to reduce production enough to match existing sales commitments of about 28 million st for all of 2020, Chief Financial Officer Brian Cantrell said.Alliance sold nearly 5.2 million st of coal in Q2, down 49.2% compared with the year-ago quarter.Of those tons, about 3.4 million st were from the Illinois Basin, down 55.7% year on year, and 1.8 million st from Appalachia, down 30.7% on the year.In the Illinois Basin, the company's output was sold at an average of $40.05/st, compared with $39.91/st in the year-ago period, while the average price per ton in Appalachia was $55.62/st, down from $59.63/st.The company's Q2 output totaled 4.3 million st, down 57% year on year.Additionally, the producer had to furlough more than half its workforce for most of the quarter as production was cut back.All seven of Alliance's mining operations are now producing, although at different rates given the limited domestic spot market and an uneconomic seaborne market.While the Warrior and Mettiki mines are currently running at full capacity, River View will be back to normal capacity by August and the MC complex is scheduled to be at full capacity by the end of the year. Trump's election raised hopes of a turnaround in the coal industry. Coal companies have been hit extremely hard by COVID-19 due to production suspensions and lower coal prices. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. The producer's coal segment posted revenue of $236 million, down 48.8% on the year.


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