trending Market Intelligence /marketintelligence/en/news-insights/trending/d4z2lFln-fxmgrb81VAi2w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Hallador increases 2019 coal sales guidance to 8.2 million tons

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Hallador increases 2019 coal sales guidance to 8.2 million tons

Hallador Energy Co. raised its 2019 sales guidance to 8.2 million tons from 7.3 million after its subsidiary Sunrise Coal Co. LLC contracted 12 million tons in additional coal sales from 2019 to 2022.

CEO Brent Bilsland said on a March 12 earnings call that the company has 78% of its production sold for the next four years "at an 8-million-ton pace," an increase from the nearly 7.4 million sold in 2018. In 2017, the company served nine power plants and now serves 17 in eight states.

A larger percentage of Illinois Basin coal is being exported, which is tightening supply in the region and led to new customers contracting with Sunrise, he said. The company has also benefited from an Indiana industrial customer closing its mines and purchasing coal from Hallador's subsidiary under long-term contracts, as well as the company's Princeton Rail Loop in Indiana helped it access new markets served by Norfolk Southern Corp.

The CEO pointed to comments made recently by some of the larger global coal companies, some of which, including Glencore PLC, are capping their production, as rationale for increasing the company's production.

"Now there's been much debate about the sustainability of Illinois Basin exports," Bilsland said. "... At this time, we do not see enough new coal supply coming online and feel Illinois Basin coal exports will be needed to meet this new demand throughout the world."

Hallador ran one production unit through most of the second half of 2018 at its Carlisle mine, where it restarted operations about three years after idling it in 2015, he said. The company moved some employees and equipment from its Oaktown operation to the Carlisle mine, retrained workers and then waited for sales to develop. In December it added a second production unit and has been "pleasantly surprised" at the improvement in the mine's cost structure.