Thermal coal growth fuels record US exports
US 2012 coal exports, supported by rising thermal coal exports, are expected to break their previous record level of almost 113 million short t, set in 1981.
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US 2012 coal exports, supported by rising thermal coal exports, are expected to break their previous record level of almost 113 million short t, set in 1981.
World Coal reviews news of the mining solutions and software that were announced at MINExpo INTERNATIONAL 2012®, which took place in Las Vegas from 24 – 26 September.
Solid Energy New Zealand Ltd has released its quarterly report for Q3 2012, with details about coal production, sales into the international and domestic market, resources and the company’s corporate restructuring.
World Coal reviews news from the excavator and wheel loader sector announced at MINExpo INTERNATIONAL 2012®, which took place in Las Vegas from 24 – 26 September.
World Coal reviews news from the mining truck sector announced at MINExpo INTERNATIONAL 2012®, which took place in Las Vegas from 24 – 26 September.
The latest EIC monthly report shows an upsurge in new projects for Q3 2012 while total potential investment value is up 17% on the last quarter.
BHP Billiton, the Anglo-Australian mining giant, has announced “robust” operating results for the third quarter, with strong performances at its Queensland Coal operations and thermal coal production “higher than all comparable periods” across the BHP Billiton Energy Coal portfolio.
Xstrata has announced its third quarter results, with coal production up compared the same quarter last year. Lower prices have hit coal earnings, however, leading the company to initiate a planned restructuring of its Australian business to bring down costs.
Brazilian mining giant, Vale, has announced its third quarter results. Coal production was down on the second quarter due to a slower pace of ramp-up at the company’s Moatize mine in Mozambique. Australian production increased on second quarter as geological conditions improved.
Despite continued market volatility, Rio Tinto said it performed “strongly” in the third quarter with record quarterly Pilbara iron ore production and increased thermal coal production compared to the same period last year. “Our business is resilient and our operations are performing strongly”, said CEO Tom Albanese.
Global Data ask the question, is Myanmar an emerging natural resources powerhouse?
China dominates the global coal industry with coal production expected to reach 4.5 billion t by 2020 and consumption expected to reach 5.2 billion t. Ankita Sinha, GBI Research, UK, outlines why China continues to lead the global coal mining market and what lies ahead for this coal giant.