The election of the Trump administration seemingly brought new life to the coal industry and the companies still operating in the space are taking full advantage. One example is Consol Energy's (CNX) plan to spinoff its coal assets in order to create a gas focused E&P company.
A coal seam fire still raging after three weeks has turned a small town in southern Australia into a smoke- and ash-filled hazard. Elderly people, young children and pregnant women were advised to evacuate Morwell, and photos from the burning Hazelwood Coal Mine elicit comparisons to the fictional horrorscape of Mordor.
A massive fire broke out at the Avondale coal mine near Plymouth, in Luzerne County, killing 110 people. The fire began when sparks from the ventilating furnace ignited the wooden lining of the mine shaft and the coal breaker built directly overhead.
Peabody Energy Corporation (NYSE: BTU), headquartered in St. Louis, Missouri, is the largest private-sector coal company in the world. Its primary business consists of the mining, sale and distribution of coal, which is purchased for use in electricity generation and steelmaking.