PRB coal prices
Powder River Basin (or PRB) coal prices settled at $12.10 per short ton when the market closed on December 1, 2017. The prices were constant for all of November.
PRB has surface mines located in Wyoming and Montana. They are the lowest-cost coal mining areas in the world. PRB produces sub-bituminous coal.
Two prominent coal (KOL) companies with mines in the PRB region are Peabody Energy (BTU) and Arch Coal (ARCH). ARCH exited Chapter 11 bankruptcy protection in October 2016, and Peabody emerged in April 2017.
Coal prices: Illinois Basin
As of December 1, 2017, ILB (Illinois Basin) coal prices closed at $32.60 per short ton. The price of coal mined from the ILB hasn’t fallen or risen since the first week of October 2017.
The ILB produces bituminous coal with a high sulfur content. The reserves are located in Ohio, Illinois, and western Kentucky. The important players in this mining region are Natural Resources Partners (NRP) and Alliance Resource Partners (ARLP).
Coal prices: Appalachian region
For the week ended December 1, 2017, Central Appalachian coal prices were $59.85 per short ton. The price of coal in the Appalachian region remained steady in November, similar to PRB coal prices.
The Appalachian coal mines produce coal with a low sulfur content. Since the coal mining methods used in the Appalachian region are more costly than the PRB and ILB regions, most of the major coal companies have shifted their operations to PRB and ILB. CNX Coal Resources (CNXC) still has coal mining operations in the Appalachian region.
For updates on the coal industry, be sure to visit our Coal page.