A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte is excited to have joined the Investing News Network as an editorial assistant, and looks forward to gaining more knowledge about the commodities sector. She plans to complete her certificate in the spring of 2013.
MINING.com reported that over 20 coal pits have been shut down by Mexico’s labor ministry as a result of an investigation into illegal child labor. Mines in Coahuila are known for being particularly unsafe.
The Economic Times reported that Coal India Ltd. (BSE:533278) is “seriously considering” paying more than $4 billion to gain majority stakes in two unnamed Australian coal companies. If successful, the company will gain access to 28 million metric tons of high-quality thermal coal per year.
The Province reported that Matt Mead, governor of Wyoming, is visiting Vancouver to see if it will be possible to export more coal from his state to Asia through ports in the city. Currently, Wyoming exports only around 1 percent of its coal through Port Metro Vancouver.
Forbes reported that low coal prices, China’s proposed import ban on low-quality coal and the Indonesian government’s hunt for more tax revenue from the fuel are presenting problems for Indonesian coal miners.
CBC News reported that Dr. Paul Van Buynder, chief medical officer at the Fraser Health Authority, has called for an assessment of the health risks associated with the plan to build a coal terminal at Fraser Surrey Docks. The plan would see 4 million metric tons of coal from Montana and Wyoming transported down the Fraser River to Texada Island and then to Asia.
The Wall Street Journal reported that Coal India Ltd. (BSE:533278), Shenhua Group Corp. and Aditya Birla Group have said they will bid for Rio Tinto plc’s (ASX:RIO,LSE:RIO,NYSE:RIO) Australian coal assets, according to “a person familiar with the matter.” The companies must submit their first-round bids this week.
Bloomberg reported that the price of coal for 2014 delivery to Amsterdam-Rotterdam-Antwerp dropped to $88 per metric ton, its lowest price since the contract started trading in January 2010, after Credit Suisse Group AG (NYSE:CS) cut its forecast for the region’s fuel and electricity costs.
The Globe and Mail reported that a group called Voters Taking Action on Climate Change is demanding to know where in British Columbia Australia-based County Coal Ltd. (ASX:CCJ) wants to build a new bulk loading terminal.