As the Mamas and the Papa’s sang, “Monday, Monday…don’t trust that day…”
In the news today and from the weekend…
- IEEFA reports just three-and-a-half years after emerging from its previous bankruptcy, Peabody Energy—the world’s largest private coal miner—admitted to investors on Monday that it could face yet another trip to bankruptcy court in the coming months.
- Argus reports US mining firms expect Joe Biden’s presidency to raise some obstacles for the coking coal industry, but there is confidence that infrastructure investment and a different approach to diplomatic relations will foster more favorable market conditions.
- CNN reports coal giant Peabody Energy emerged from a near-death trip through bankruptcy in April 2017, just in time to benefit from President Donald Trump’s efforts to revive coal country.
- Argus reports coal inventories at regulated Kentucky utilities edged down from a year earlier in August to a 17-month low.
- Argus reports coal-fired generation in the PJM Interconnection fell by 25pc through the first nine months of 2020 as low power prices limited coal dispatch, according to the grid operator’s independent market monitor.
- E&E Energywire reports an electric utility is calling for the Supreme Court to weigh in on a “protectionist” Minnesota state law that the power company argues could hinder regional shifts toward clean energy.
- Streetwise Reports reports Cyon Exploration’s project, in “Elephant Country,” near the huge Cortez mining complex, offers the potential of both placer and hard-rock mining.
- E&E Greenwire reports a federal court yesterday allowed two environmental groups to withdraw from a challenge to the Trump administration’s weakened Clean Water Act protections for wetlands and streams.