Sunday, June 27, 2021

Coal Stocks

(by market cap)                
Ticker       Company name Mkt Cap▼
      1. BTU   Peabody Energy  3.38B; HQ St. Louis, Missouri
      2. AMR  Alpha Metallurgical Resources  2.67B; HQ Tennessee; Contura Energy began operations in 2016 through the purchase of bankrupted predecessor Alpha Natural Resources; changed its name from Contura Energy in February 2021.
      3. ARCH  Arch Resources  2.42B; HQ Missouri; changed its name from Arch Coal (former ticker ACI) in May 2020
      4. ARLP  Alliance Resource Partners  2.36B; HQ Tulsa, Oklahoma
      5. CEIX  CONSOL Energy 1.91B; HQ Pennsylvania
      6. HCC Warrior Met Coal 1.70B; Alabama; coking coal
      7. METC  Ramaco Resources  677.37M; HQ Kentucky
      8. SXC  SunCoke Energy 584.50M; HQ Illinois
      9. NRP    Natural Resource  483.86M; HQ Texas
      10. NC  NACCO Industries  292.03M; HQ Ohio
      11. HNRG  Hallador Energy 189.34M; HQ Indiana
      12. AREC  American Resources  104.60M; HQ Indiana

      Other companies involved in coal mining
      • BHP  BHP Group 204.59B; HQ Australia; mining and production of copper, iron ore, uranium, gold and coal products around the world. It has operations in more than 90 regions around the world, including Australia, United States, Canada and Chile.
      • TECK  Teck Resources  17.65B; HQ Canada; mining and mineral development, including coal for the steelmaking industry, copper, zinc, and energy

      Bankrupt coal miners
      The volatile nature of the coal mining sector in the US bankrupted several companies. The past decade has seen more than 50 US coal companies fall into bankruptcy and over 100 gigawatts (GW) of coal capacity either retired or slated for closure. Janet Gellici, CEO of the National Coal Council (NCC), a federal advisory committee to the US Department of Energy, put the closures down to policy factors, many of which she said were established under the Obama administration.
      • Murray Energy filed for bankruptcy in October 2019. The Ohio-headquartered firm, which is owned by Bob Murray, is the largest privately-owned coal firm in the US and the fourth-highest producer of the material in the country.
      • CLD - Cloud Peak Energy filed for Chapter 11 bankruptcy on May 10, 2019.
      • WLB - Westmoreland Coal  filed for bankruptcy on Oct. 9, 2018. HQ Colorado; privately owned.
      • YZC - Yanzhou Coal Mining; HQ China; delisted February 16, 2017
      • JRCC James River Coal Co. went out of business as per its Chapter 11 liquidation filing under bankruptcy on March 22, 2016,  It engaged in mining and selling metallurgical and industrial coal in eastern Kentucky, southern West Virginia, and southern Indiana. The company was founded in 1988 and is based in Richmond, Virginia.
      • ANR - Alpha Natural Resources delisted from the NYSE on July 16, 2015.  Filed for Chapter 11 bankruptcy on August 3, 2015.  Alpha Natural Resources acquired coal producer Massey Energy for US$7.1 billion, completed in June 2011, creating the second biggest coal miner by market capitalization. The merged company was the leading producer of metallurgical coal in the US and had the second largest reserves of coal (5.1 billion tons).
      • Patriot Coal (NYSE:PCX); IPO November 1, 2007; In 2008 it acquired Magnum Coal Company, one of the largest coal producers in Appalachia, with 11 mines and 7 processing plants; Filed for banrupcy in 2012; In October 2015, Lexington, KY-based Blackhawk Mining, LLC, purchased most of the assets of Patriot Coal out of bankruptcy.
      • WLT  - Walter Energy filed for bankruptcy in 2015 and its assets were purchased by Warrior Met Coal (HCC).
      • Oxford Resource Partners LP (NYSE: OXF) acquired by Westmoreland Coal Co. for $30 million. (2015)
      ETF: Currently, there are no Coal ETFs open in the market.

      The VanEck Vectors Coal ETF went public in January 2008 under the ticker KOL. 
      KOL was de-listed after market close on Monday, December 14, 2020.

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