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

IASC sets fair value standard

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Deery Series makes 50th visit to 34 Raceway

first_imgWEST BURLINGTON, Iowa – 34 Raceway celebrates the Big 5-0, then gets an early start at celebrating Independence Day next Tuesday.The Deery Brothers Summer Series makes its 50th visit to West Burlington on July 3. Touring IMCA Late Models chase a top check of $2,000 with a minimum of $300 paid to start the main event.34 Raceway was the site of the first-ever IMCA Late Model tour event, won by hometown driver Jay Johnson on April 11, 1987. The series has since traveled to West Burlington more often than any other track in its 31-plus years, with the single event record of 71 entries set there in 2006.Thirty-one different drivers have won Deery features at 34, the most recent of them Nick Marolf of Mos­cow on opening night of the 2017 series.“It’s an important milestone coming up on Tuesday, for IMCA and the Deery Series as well as 34 Raceway,” noted Tour Director Kevin Yoder. “34 was a fixture on the series schedule for so many years. It’s is always great to go back to the track where the Deery Series got its start.”IMCA Sunoco Stock Cars are also on the program, running for IMCA Speedway Motors Weekly Racing National, EQ Cylinder Heads Northern Region and Iowa State points.Pit gates open at 3 p.m. and the grandstand opens at 5 p.m. Hot laps are at 6:30 p.m. with racing to follow. Spectator admission is $15 for adults, $12 for seniors and students, and free for kids 10 and under when accompanying a paid adult.Pit passes are $35 and fireworks follow the evening’s race program.All law enforcement officers get in free (with ID) on Law Enforcement Night. The midweek show is also a fundraiser for COPS (Concerns of Police Survivors).More information is available by calling 319 752-3434 and at the www.34raceway.com website.Point leader Justin Kay of Wheatland equaled the series record of four straight main event victo­ries by winning the 2017 finale and the first three events this season. Winners since then have been Curt Martin of Independence, Andy Eckrich of Oxford and, last night at Benton County Speed­way, Jeremiah Hurst of Dubuque.This is the 27th season the series has enjoyed title sponsorship by the Deery Brothers Automotive Group.Deery Brothers Summer Series top 20 point standings – 1. Justin Kay, Wheatland, 247; 2. Jeremiah Hurst, Dubuque, 219; 3. Ryan Dolan, Lisbon, 217; 4. Curt Martin, Independence, 208; 5. Todd Cooney, Pleasant Hill, 203; 6. Joe Zrostlik, Long Grove, 197; 7. Nick Marolf, Moscow, 188; 8. Chad Holladay, Muscatine, 186; 9. Cayden Carter, Oskaloosa, Iowa, 154; 10. Andy Eckrich, Oxford, 150; 11. Tim Simpson, Iowa City, 141; 12. Rob Moss, Iowa City, 140; 13. Darrel DeFrance, Marshalltown, 139; 14. Matt Ryan, Davenport, 138; 15. Chad Coyne, Orion, Ill., 125; 16. Terry Neal, Ely, 115; 17. Eric Sanders, Sherrard, Ill., and Andy Nezworski, Buffalo, both 113; 19. Denny Eckrich, Tiffin, 104; 20. Charlie McKenna, Ames, 95.last_img read more

LA Lakers’ poor defense, D’Angelo Russell’s emergence overshadow Kobe Bryant in loss to Memphis

first_img“We haven’t been able to guard anybody,” Lakers coach Byron Scott said. “Teams are scoring pretty much at will outside and inside.”So even if Jordan Clarkson (28 points on 10-of-18 clip) and D’Angelo Russell (22 points, career-high eight assists) produced offensively, they also played a part in allowing guards Mike Conley (24 points) and PJ Hairston (17 points) to do anything they pleased.“We never really had all five guys locked in on defense,” Russell said. “It was one or two guys sleeping.”Russell sounded just as honest about his offensive production and starting role in 33 minutes. Clarkson logged 40 minutes while Julius Randle (14 points, 11 rebounds) played in 33 minutes amid Scott’s quest they will all play at least 30 minutes through the rest of the season.“Earlier in the year I was given that starting spot and then had to work for it,” Russell said. “I don’t know about now if I worked for it. But I’m not going to try to give [Scott] a reason to bench me again.” Newsroom GuidelinesNews TipsContact UsReport an Error Scott praised Russell’s improvement with attacking the basket and mid-range game before calling on him to improve his defense and decrease his 3-point attempts. Scott added, “it’s got to be something he does on a consistent basis.”But after often critiquing Russell, Bryant offered sympathy about the challenges Russell faced as a reserve. “The momentum takes place and you have to come in and adjust to what’s going on,” Bryant said. “It’s much easier for him when he does start to be able to control the game.”But even if Bryant’s play took a backseat for one night, his presence did not. The Grizzlies offered no video tribute, but the public address announcer praised Bryant’s accomplishments while he received a standing ovation during lineup introductions. Beforehand, Bryant also gushed about plenty of memories in this building.Bryant scored 60 points on March 22, 2007 in what still marks the most points scored against the Grizzlies at the FedEx Forum.“I remember being in a good groove,” Bryant said. “I had a really good touch on the ball. My pull-up jump shots were automatic.”Bryant fractured his left knee here on Dec. 18, 2013 in what became a season-ending injury. But he still led the Lakers to a win by playing in the second half on one leg. “I didn’t realize it was broken,” Bryant said. “I knew there was something going on in there. But I could walk and go on pretty well.” And Bryant faced Memphis forward Tony Allen, whom Bryant has considered his toughest defender. Allen even prompted Bryant to avoid the city’s barbecue.“I couldn’t necessarily take any shortcuts,” Bryant said. “He was the only one that took the challenge of playing straight up. He wasn’t looking for help.”The Grizzlies did not need much help to stop Bryant in his last stop here. But even worse, Memphis did not need much help to score anytime it touched the ball. center_img MEMPHIS >> This city once represented the place that Kobe Bryant unleashed his scoring outbursts against an opponent he described as “physical.”But in the Lakers’ 128-119 loss to the Memphis Grizzlies on Wednesday at FedEx Forum, Bryant’s last game here featured a few different things. Bryant scored a modest 13 points on 5-of-14 shooting in 29 minutes. Beforehand, the Lakers’ 37-year-old likened predicting his amounts of play to “a roll of the dice” because of his tenuous health. But the Lakers have larger issues. The Lakers struggled defensively as always. Memphis forward Matt Barnes suddenly became a lethal offensive threat (25 points on 9-of-14 shooting). The Lakers also hosted a layup line by conceding 54 points in the paint. last_img read more