Coal – The telegraph reported that Kellingley Colliery in Yorkshire and Thoresby Colliery in Nottinghamshire will close within the next year and a half as the mines are no longer commercially viable, leaving Hatfield Colliery in Ed Miliband’s Doncaster North constituency as the last remaining coal pit in Britain. Cheap imports of US shale gas have combined with a weak dollar to help make UK coal mines unprofitable.
Articles Tagged "coal production"
Coal – Reuters reported that China gave the go ahead to over 100 million tonnes of new coal production capacity in 2013. That's six times more than the 2012 total and equivalent to 10 percent of the United States' yearly usage.
Coal – 2013 US coal production and export numbers are expected to come in lower than they were in 2012, but Moody's sees this year bringing stability for those producing the fuel in the country.
Coal – Reuters reported that Colombia's January to September coal production came to 60 million tonnes, an 11.2-percent decrease from the same period last year, as per the National Mining Agency. The fall is being pinned on strikes faced by the country's biggest miners as well as guerilla attacks on railways.
Coal – The Economic Times reported that Coal India Ltd. (BSE:533278) missed its production target for April to September 2013 by 6 million tonnes as a result of a national strike, law and order conditions and a work stoppage.
Coal – Reuters reported that as a result of heavy rain, in June, India produced 3 percent less coal than it did during the year-ago period. The country's target was 44.73 million tonnes; Coal India Ltd. (BSE:533278) was only able to put out 35.23 million tonnes.
Coal – The Economic Times reported that industry body CII is pushing for private companies in India to be allowed to sell their coal on the basis that it would make the nation's coal sector more competitive. It is also calling for the creation of an independent coal regulator.
Coal – Pacific Coal Resources Ltd. (TSXV:PAK) announced that it has filed its financial results for the first quarter of 2013 on SEDAR, noting that it produced 223,346 metric tons (MT) of coal, down from 317,070 MT in the year-ago quarter. Its revenue clocked in at $21.9 million, down from $28.4 million in Q1 2012, while it sold 220,751 MT of coal at an average realized price of $99.10 per MT.
Coal – Bloomberg reported that the slump in European coal prices — the longest in at least eight years — looks set to end on the back of falling imports from the United States and production cuts in Russia and Poland.
Coal – China's "control coal" policy may not bode well for the United States, which plans to ship the fossil fuel to Asia via West Coast terminals.