Powder River Basin coal prices
Powder River Basin (or PRB) coal stood at $12.10 per short ton on November 24, 2017. PRB coal prices have not changed for the last three weeks.
PRB has surface mines, where sub-bituminous coal is mined. These surface mines, located in Wyoming and Montana, are in the lowest-cost coal mining region in the world.
Two primary coal (KOL) companies operating in the PRB region are Peabody Energy (BTU) and Arch Coal (ARCH). BTU exited from Chapter 11 bankruptcy protection in April 2017, while ARCH exited in October 2016.
Coal prices in the Illinois Basin
ILB (Illinois Basin) coal prices closed at $32.60 per short ton when the market closed on November 24, 2017. The price of coal from the ILB hasn’t fallen or risen since the first week of October.
The ILB has bituminous coal mined from reserves in Illinois, Ohio, and western Kentucky. ILB coal has high sulfur content. Major players in the ILB are Natural Resource Partners (NRP) and Alliance Resource Partners (ARLP).
Appalachian coal prices
On November 24, Central Appalachian coal prices stood at $59.85 per short ton. Appalachian region coal prices have been steady for the past three weeks, similar to PRB coal prices.
The Appalachian mines produce low-sulfur coal. As the coal mining methods used in the Appalachian mines are more costly than PRB and ILB methods, many coal companies have shifted their coal mining activities accordingly. However, CNX Coal Resources (CNXC) continues to mine coal in the Appalachian region. Check out our Coal page for updates.