Securities Lawyers Blog
Coal related companies around the world are being pushed to the brink of bankruptcy due to the falling prices of commodities. For instance, the world’s third largest publicly traded coal company, Peabody Energy Corporation (Peabody) (Stock Symbol: BTU), has seen its stock price plummet from over $1,000 per share in 2011 to under $14 today. In addition, the largest U.S. coal producer, Alpha Natural Resources (Stock Symbol: ANRZ), filed Chapter 11 in the U.S. Bankruptcy Court for the Eastern District of Virginia in Richmond. Commenters are speculating that unless there are restructurings for Arch Coal (Stock Symbol: ACI) and Peabody they could be the next two coal producers to file for bankruptcy protection.
Other bankruptcy filings this year include Walter Energy (Stock Symbol: WLTGQ), JW Resources, Patriot Coal’s second bankruptcy filing, Xinergy, and James River Coal Co. Berau Capital Resources submitted a Chapter 15 petition on July 10, and Glencore (Stock Symbol: GLEN) has undergone major restructuring amidst the collapse of its stock price.
According to Bloomberg, more than three dozen coal operations have filed bankruptcy in just over three years. Due to a combination of factors the combined market value of U.S. coal company shares shrank to $12 billion in late July 2015 from $78 billion in 2011.
Below is a list of publicly traded coal companies.
Company Ticker Last Price
Cardero Resource Corp. CDU.TO 0.20
BHP Billiton Ltd. BHP.AX 20.23
Sample Company Corp. GG 12.01
TECO Energy, Inc. TE 26.44
Teck Resources Limited TCK 4.61
CONSOL Energy Inc. CNX 7.40
Alliance Holdings GP, L.P. AHGP 24.36
Alliance Resource Partners LP ARLP 18.90
New Hope Corp. Ltd. NHC.AX 1.90
Whitehaven Coal Limited WHC.AX 0.93
Peabody Energy Corp. BTU 13.79
Solazyme, Inc. SZYM 3.11
Cloud Peak Energy Inc. CLD 3.34
Natural Resource Partners LP NRP 1.65
Hallador Energy Company HNRG 6.17
Anglo Pacific Group plc APF.L 71.25
Hargreaves Services Plc HSP.L 294.00
Energy Resources of Australia ERA.AX 0.36
Westmoreland Coal Co. WLB 6.98
SouthGobi Resources Limited SGQ.TO 0.39
Universal Coal plc UNV.AX 0.20
Berkeley Resources Ltd. BKY.AX 0.51
Northern Minerals Limited NTU.AX 0.17
Cockatoo Coal Limited COK.AX 0.00
Eden Energy Ltd EDE.AX 0.06
Blackham Resources Limited BLK.AX 0.23
Arch Coal Inc. ACI 1.44
Rey Resources Limited REY.AX 0.06
Oracle Coalfields Plc ORCP.L 2.17
Corsa Coal Corp. CSO.V 0.05
Cauldron Energy Limited CXU.AX 0.14
Resource Generation Limited RES.AX 0.06
African Energy Resources Limited AFR.AX 0.05
Rhino Resource Partners LP RNO 0.66
Energia Minerals Limited EMX.AX 0.04
Rum Jungle Resources Limited RUM.AX 0.06
WildHorse Energy Ltd. WHE.AX 0.20
Deep Yellow Ltd. DYL.AX 0.01
Encounter Resources Ltd. ENR.AX 0.13
Bisichi Mining plc BISI.L 75.00
Challenger Deep Resources CDE.V 0.25
Energy Metals Limited EME.AX 0.08
Bannerman Resources Limited BMN.AX 0.04
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