Coal Trading Coal Trading (Policies)

6 Months Ended

Jun. 30, 2016

Coal Trading Accounting Policies [Abstract]

Concentration Risk, Credit Risk, Policy [Policy Text Block]

The Company’s policy is to independently evaluate each customer’s creditworthiness prior to entering into transactions and to regularly monitor the credit extended. If the Company engages in a transaction with a counterparty that does not meet its credit standards, the Company seeks to protect its position by requiring the counterparty to provide an appropriate credit enhancement. Also, when appropriate (as determined by its credit management function), the Company has taken steps to reduce its exposure to customers or counterparties whose credit has deteriorated and who may pose a higher risk of failure to perform under their contractual obligations.

Fair Value Transfer, Policy [Policy Text Block]

The Company’s policy is to value all transfers between levels using the beginning of period valuation.

The Company’s policy is to value all transfers between levels using the beginning of period valuation.