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.
Articles Tagged "coal production"
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.
Coal – People's Daily Online reported that as many as half of the coal companies in Ordos, which is "one of the major domestic coal producing regions in the Inner Mongolia autonomous region," have reduced or halted coal production due to falling electricity consumption and increased use of hydropower.
Coal – The Wall Street Journal reported that although US coal production fell 7 percent last year, coal output in the Illinois Basin is thriving and, primarily on the back of new technology, is expected to surpass that of Central Appalachia for the first time in the next few years.
Coal – Investors nervously watched this week to see if coal producers would be weighed down by bad weather and higher taxes.