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US coal production cuts are accumulating early for 2016

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Report summary

With the prospects for US coal sales in 2016 to be worse than that of 2015, producer announcements of reduced operations were rapidly rolled out at the end of last year and beginning of this year.We have estimated that publicly announced cuts planned for 2016 have amounted to 23 Mst, 17 Mst of US thermal coal and 6 Mst metallurgical. We expect more production cutbacks and consolidation in the industry this year.

What's included

This report contains

  • Document

    US coal production cuts are accumulating early for 2016

    PDF 326.44 KB

Table of contents

  • Executive summary
  • Flurry of production cut announcements at the end of 2015 and early 2016
  • Poor financial health of the US coal industry
  • Bankruptcy does not necessarily translate into mine closures
  • Conclusion

Tables and charts

This report includes 4 images and tables including:

Images

  • Market capitalization of major US coal producers
  • 2015 production under bankruptcy by basin
  • 2015 production under bankruptcy by producer

Tables

  • Announced 2016 US coal production cuts/delays

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