Coal Output Continues Downward Trend

first_img FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):U.S. coal production is down for the second straight quarter and average employment held flat compared to the prior period, according to an analysis of preliminary first-quarter data available from federal regulators.Coal companies have been finding opportunities in export markets in recent months, but continue to face a declining domestic customer base that has been hesitant to buy much coal, at least at the prices companies are seeking. While the export opportunities appear to have given a boost to the balance sheets of the parts of the sector that have reported earnings so far, coal volumes fell about 3.1% as average coal employment ticked up less than one-third of a percent in the period.Mines reporting data so far produced 186.6 million tons of coal in the first period, according to an S&P Global Market Intelligence analysis of available data from the U.S. Mine Safety and Health Administration, down from 192.7 million in the fourth quarter and down from 195.2 million tons from the same mines in the year-ago first quarter. The analysis excludes historical mine production and employment data for mines that did not yet have first-quarter data available. Mines reporting so far in the first quarter accounted for about 96% of reported coal production and about 98% of reported employment in the fourth quarter of 2017.While an aging coal fleet continues to dwindle and high utility stockpiles leave many power generators with the option to delay coal purchases, seaborne buyers of coal have created an outlet for some producers to pull tons out of the domestic market. Companies reporting earnings so far have touted success in both thermal and metallurgical coal markets abroad.Metallurgical coal markets tend to be more volatile and as a swing supplier, the U.S. traditionally supplies the market when prices go higher. Seaport Global Securities analyst Mark Levin recently said that for this cycle, much of the lowest-hanging production fruit has been picked at U.S. coal operations that have ramped up or recovered from production issues last year. While new projects are under development, he noted that greenfield development, even for high-margin metallurgical coal mines, has been “relatively sparse.”More ($): Early Data Hints At Coal Volume Decline, Flat Employment In Q1’18 Coal Output Continues Downward Trendlast_img read more

Pardew: Toon spell was fabulous

first_imgCrystal Palace manager Alan Pardew believes he has left a “legacy” to be proud of at Newcastle as he prepares to take on his former club for the first time. Press Association The Magpies, managed by Pardew’s former assistant John Carver, travel to Selhurst Park to meet Pardew’s in-form Palace as they look for just a second win since he left the north-east. Pardew’s four-year spell at St James’ Park was often fraught with difficulties and the fans turned on him on more than one occasion – including the period directly leading up to his departure. center_img But the 53-year-old, who opted to move back to Palace instead of fighting against the tide at Newcastle, insists he bears no grudge and is proud of the work he achieved during his tenure. “I had a fabulous time as Newcastle United manager,” Pardew wrote in his programme notes. “We took the team to a fifth place finish in the Premier League in the 2010/11 season and it is an achievement that can never be taken away from any of us who were involved in it. “If you look at my net spend we had in my time at Newcastle on transfers, you can only conclude it was a successful period because the club I left are established in the Premier League with a platform to go to the next level. It is a legacy that I am proud to have on my record. “Much was muttered and written during my time in the north east, and as this is the first chance I have had to talk directly to the Newcastle supporters and the players who worked so hard for me since my departure, it is a great opportunity to reflect on a period that was much-discussed and often unfairly judged in my opinion. “For a variety of reasons, the Newcastle supporters ran out of patience with me as manager of their club, but I can assure each and every one of them that I bear no grudge. “You love your club more than any owner or manager and the pressure that goes with a massive job like that is well known before you take on the challenge. Let’s all move on and cherish the good days we had together.” A win for Palace will take them to within two points of Newcastle and, whilst Pardew used his section of the pre-match programme to talk at length about his time there – having not held a customary pre-match press conference – he said three points for the Eagles was his ultimate aim. He said: “I miss so many people at Newcastle, especially my wonderful staff, who were so loyal and committed to me and the club throughout my time in the north east, which isn’t always easy when the tide of popular opinion has turned against you. “Despite all the negativity that was generated around my presence at Newcastle at times, I was proud and honoured to manage the club and while the three points I’m desperate to collect tonight as Palace manager are all important, nothing will ever dilute the affinity and affection I will always hold for the club who are in opposition tonight.” last_img read more

Syracuse blows late lead to Louisville, loses 4-2

first_img Published on March 15, 2019 at 7:25 pm Contact Adam: | @_adamhillman Comments For the fourth time since joining the conference in 2013, Syracuse (8-15, 0-1 Atlantic Coast) lost its ACC opener. Syracuse fell to Louisville (18-7, 1-0), 4-2, on Friday. The Orange held a 2-1 lead entering the bottom of the sixth inning, but the Cardinals scored three runs to take the lead.SU scored first in the third inning when Louisville redshirt senior third baseman Sidney Melton allowed a ground ball to trickle under her glove. Sophomore Gabby Teran advanced from second to score, giving Syracuse a 1-0 advantage.The score was tied at one run a piece in the sixth inning. With runners on second and third and only one out, Louisville junior shortstop Caitlin Ferguson saw a ground ball roll between her legs. Senior Hannah Dossett stepped on home plate as SU regained its one run lead. At that point, Alexa Romero had struck out seven batters, only allowing five hits. Then, the Orange collapsed in the bottom of the sixth inning. Romero was able to put out two of the first three batters. The lone hit was a double from Louisville redshirt freshman Taylor Roby. After a bunt single and a walk, the Cardinals had loaded bases with two outs. On the second pitch of the at-bat to Melton, the Louisville senior crushed a double to left center. Romero could only watch as all three runners touched home base, giving the Cardinals their first lead of the day.AdvertisementThis is placeholder textSyracuse faces Louisville again on Saturday at 1 p.m.center_img Facebook Twitter Google+last_img read more