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U.S. coal consumption ‘will be crushed in 2020’—Moody’s

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg:Earnings for North American coal miners may plunge by more than half this year as the coronavirus pandemic makes a weak market even worse, according to Moody’s Investors Service.“Coal consumption will be crushed in 2020,” analysts led by Benjamin Nelson wrote in a report Sunday. “We expect a sharp and sustained slowdown in economic activity will result in lower economic growth, reduced demand for electricity and reduced demand for steel.”Earnings before interest, taxes, depreciation and amortization will slide by more than 50% in 2020, with thermal coal production down more than 25%, according to the report. The ratings company has had a negative outlook on the industry since August.Already facing an inexorable decline as utilities shift away from the dirtiest fossil fuel, Moody’s said the struggling coal industry won’t be able to count on help from Washington “as the U.S. government directs financing toward industries more likely to rebound as the crisis eases.”While some analysts including the U.S. Energy Information Administration have predicted a rebound in coal demand next year driven by rising natural gas prices, Moody’s is expecting a different scenario.“We expect prices for natural gas, perhaps coal’s biggest competitor in North American power generation, to remain low through the early 2020s,” according to the report. “Persistently low natural gas prices will undercut the EIA’s expectations.”[Will Wade]More: Coal earnings set to plunge 50% in North America, Moody’s says U.S. coal consumption ‘will be crushed in 2020’—Moody’slast_img read more

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Batesville Fire Department hiring process open

first_imgBatesville, In. — The Batesville Fire Department is accepting applications for the Full-Time position of Firefighter / EMT or Paramedic until Wednesday, February 28 at noon.During the hiring process, applicants will be required to subject themselves to various forms of background checks, physical fitness testing, written aptitude testing, an interview process, and other testing that may be deemed appropriate.Requirements:Must be a resident citizen of the United States.Must be 21 years old to apply and not have reached age 36 by date of appointment.Must have a high school diploma or GED certificate.Cannot have a felony conviction.Cannot have a misdemeanor conviction involving domestic violence.Must possess a valid driver’s license.Cannot have been dishonorably discharged from the military.Must be Indiana Certified FireFighter I/II and EMT-B or Paramedic.Must pass a mandatory drug screening test.Resumes will be accepted only if accompanied by an application. The City of Batesville is an Equal Opportunity Employer.last_img read more

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Kotoko and Hearts avoid each other

first_imgThe premiership’s top sides avoid each other in the quarter-finals of the MTN FA Cup after Tuesday’s draw.Asante Kotoko, Medeama and Hearts of Oak all get home draws in the last eight of the competition which takes place on the weekend of April 27-28.Kotoko, losing finalist two season’s ago will play Eleven Wise in Kumasi while Hearts of Oak will take on Gold Stars, who edged out AshantiGold in the fourth round.The competition is guaranteed a new winner following New Edubiase’s second round exit.Quarter-final fixturesAsante Kotoko v Eleven Wise Amidaus v Aduana StarsMedeama v Heart of LionsHearts of Oak v Gold Starslast_img read more

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