State of Coal Mining Industry from a Utility Perspective
The coal mining industry faces challenges with financial health, decreased production, and significant year-over-year declines in various regions. Top companies are responsible for a majority of coal production in the U.S. as outlined in the Energy Ventures Analysis report. The impact of factors like weather, gas prices, and the Covid-19 pandemic is evident in the industry's performance, making 2020 one of the worst years in decades.
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Mining Update Brian Fuller Director, Coal Services RETAC October 7, 2020 1
State of Coal Mining Industry From a Utility Perspective Hundreds of mines still in operation Financial Health is an ongoing concern Some prolonging life due to high back-end costs Production: On track for worst year since the 1960 s Q2 2020 was abysmal (weather, gas, Covid) YTD 2020 is 30% below YTD 2019 Top 50 Coal Companies produce ~90% of the U.S. Tons Top 10 Coal Companies produce ~65% of the U.S. Tons Source: Energy Ventures Analysis (EVA) August 2020 Update 2
State of Coal Mining Industry From a Utility Perspective YOY thru Q2 Change -29% West Mainly PRB, some Rockies Big Players Peabody Arch NTEC Keiwit FM Coal Wolverine Signal Peak Murray Source: Energy Ventures Analysis (EVA) August 2020 Update 3
State of Coal Mining Industry From a Utility Perspective YOY thru Q2 Change -37% IB Primarily Illinois, Indiana, KY Big Players Foresight/Murray Alliance Peabody Prairie State Sunrise White Stallion Knight Hawk Source: Energy Ventures Analysis (EVA) August 2020 Update 4
State of Coal Mining Industry From a Utility Perspective YOY thru Q2 Change -55% CAPP Primarily Virginias, Kentucky, Ohio Big Players Contura Black Hwak Arch Coronado United Ramaco Source: Energy Ventures Analysis (EVA) August 2020 Update 5
State of Coal Mining Industry From a Utility Perspective YOY thru Q2 Change -38% NAPP Pennsylvania, West Virginia, Ohio Big Players Murray Consol Alliance Contura Arch Rosebud Source: Energy Ventures Analysis (EVA) August 2020 Update 6
