Contura Sale of 2 Wyoming Mines Unlikely to Ease Powder River Basin’s Low-Price Problem

first_img FacebookTwitterLinkedInEmailPrint分享SNL:Coal prices in the Powder River Basin are low, and the recent sale of Contura Energy Inc.’s two mines in the region is unlikely to change that, according to analysts.Seaport Global Securities LLC analysts Mark Levin and Nathan Martin estimated in a Dec. 18 note that about 93 million tons of PRB coal had yet to be priced at the end of the third quarter — about 26% of total production in the region.“We think this is one major reason why PRB production will likely come in lower than flat in 2018,” they said. “Moreover, with so much coal yet to be priced, we are beginning to believe that absent a big move in natural gas prices and/or a very cold rest of December through February, PRB producers will put out 2018 volume guidance in late January/early February that is well below flat YOY.”The analysts called Contura’s decision to sell its Eagle Butte and Belle Ayr mines to Blackjewel LLC “a good one, maybe even a great one,” noting the move reduces Contura’s balance sheet asset retirement obligation from $200 million to $83 million, frees up $25 million in unrestricted cash, create significant income tax deductions, provides $50 million in royalty payments and reduces capital expenditures by $10 million to $12 million.However, the move will not likely help prices in the PRB.More: Western coal faces declining output, stagnant pricing despite Contura mine sale Contura Sale of 2 Wyoming Mines Unlikely to Ease Powder River Basin’s Low-Price Problemlast_img read more

The Latest: Rogers Cup women’s tennis tournament canceled

first_imgThe Latest: Rogers Cup women’s tennis tournament canceled Tennis Canada announced Saturday that the event, scheduled for Aug. 7-16 in Montreal, is off the schedule. Quebec’s government announced Friday that no sporting events could be held through Aug. 31, though it left the door slightly open for pro teams.“At the beginning of the COVID-19 crisis we were hoping that the situation would be resolved in time to be able to host our tournament as initially planned on the calendar, but we knew that the chances were getting smaller and smaller in recent weeks,” Montreal tournament director Eugene Lapierre said in a statement. “Our priority in the management of this crisis has always been to ensure the safety and well-being of our players, fans, volunteers, partners and employees. It is thus with a heavy heart that we received this news, but we understand that this decision was necessary.”Tennis Canada says the women’s event will return to Montreal in August 2021.The women’s and men’s Rogers Cup traditionally rotate between Toronto and Montreal. As of Saturday, the men’s event in Toronto in August was still on the schedule. Associated Press More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 ___Geraint Thomas is still hoping the Tour de France can go ahead at some point in 2020 and believes he is in good shape to go for a second yellow jersey.The Tour, set to take place between June 27 and July 19, has yet to be postponed or canceled but with sporting events all over the world impacted by the coronavirus pandemic its chances of surviving as scheduled appear remote.Thomas, the 2018 champion, also announced a charity ride – in his garage – in support of Britain’s National Health Service.“I think I’m in my prime at the moment,” the Welshman told BBC Radio Five Live. “Obviously there are bigger things that need to be sorted out first but as soon as it’s safe and ready to go ahead we’d love it to happen. I’m praying and hoping it goes ahead at some point.” Team Ineos rider Egan Bernal won the 2019 edition.___Steven Gerrard is leading the well-wishes for Kenny Dalglish after it was revealed the Liverpool great had tested positive for coronavirus.Gerrard played under Dalglish when he returned to manage Liverpool for a second stint between January 2011 and May 2012.The former Liverpool captain posted a picture of one of his daughters alongside Dalglish on Instagram and wrote “Get well soon king” in a nod to his old manager’s nickname. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___The Rogers Cup women’s tennis tournament will not be played this year due to the COVID-19 pandemic. April 11, 2020 Dalglish’s family released a statement Friday night which confirmed the 69-year-old had been hospitalized on Wednesday in order to treat a separate infection which required intravenous antibiotics.Dalglish won nine league titles during his time as player and manager at Liverpool.The former Celtic and Scotland forward was given a routine test for COVID-19 after being admitted and the result showed up as positive – although he is displaying no symptoms.The statement said: “In keeping with current procedures, he was subsequently tested for Covid-19 despite having previously displayed no symptoms of the illness. Unexpectedly, the test result was positive but he remains asymptomatic.”___last_img read more

See the late Opoku Afriyie’s two spectacular goals that won Ghana the 1978 AFCON [VIDEO]

first_imgIn the African Cup of Nations final in 1978, the late Opoku Afriyie scored a brace to hand the Black Stars of Ghana its 3rd trophy.After a difficult opening 30 minutes of the game, the match between Ghana and The Cranes of Uganda looked set to end in a goalless first half but Opoku Afriyie produced a moment of magic to hand the West African giants the lead.The prolific goal poacher caught a loose ball right in the air and hit a volley to break the deadlock against a resilient Ugandan side.Opoku Afriyie produced yet another brilliant goal to send the Accra Sports Stadium into ecstatic cheers and jeers in the 68th minute of the game.The striker caught a through pass with his head which he nodded down, run with the ball a few seconds before hitting a half volley with his right foot beyond the on-rushing Ugandan goalkeeper.His brace won Ghana’s third AFCON trophy after The Black Stars had won the 1963 and 1965 editions.He also scored the Black Stars’ first goal of the African Cup of Nations in 1978 as Ghana narrowly edged past Zambia in 2-1 win.The Asante Kotoko hitman ended the tournament with the golden boot award with three goals, tied with Segun Odegbami of Nigeria and Phillip Omondi of Uganda.Opoku Afriyie in his playing daysAfriyie, also known as Bayie later went on to win two-goal king awards in the Ghana Premier League in 1979 and 1981 and helped Kumasi Asante Kotoko win domestic laurels.Watch his flawless brace here:last_img read more