China has made no secret that it is in the process of diversifying its power production and, logically, through that process thermal coal will begin to represent an increasingly smaller percentage of the total energy produced.
Read the full article: "Coal Forecasts Revised Amid Reports of..."
Tuesday, July 20, 2010
The International Energy Agency’s announcement that China overtook the United States as the world’s largest power-consuming nation in 2009 is promising news for coal producers. While other nations are turning away from coal power, it accounted for 70 percent of China’s total energy consumption last year. And, even with China’s National Energy Administration predicting coal consumption will supply only 63 percent of the country’s energy by 2015, investor and analysts are still bullish about coal in China.
Read the full article: "Coal Demand in China to Continue Climbing"
Wednesday, May 26, 2010
When US coal giant Peabody reduced its bid for Australia’s Macarthur Coal by 6.3 per cent, the newly-announced Australian resources tax was easy to target as a scapegoat. Click here to access the entire Editorial
Read the full article: "Financial Times reported on Coal’s China..."
Friday, May 21, 2010
John Wallington who joined Firestone in November to lead the bankable feasibility study (BFS) of the Waterberg coal project in South Africa has announced that it would now step down coal junior Firestone Energy MD. Firestone is quoted saying: “Wallington will continue to be a board member and will devote such time as is necessary [...]
Read the full article: "Wallington Steps Down as Firestone MD"
Tuesday, May 11, 2010
After the blast in Russia’s largest coal mine Monday there are still 58 miners missing and the head of rescue has faded any glimpse of hope of finding more lives under the rubble. Emergencies Minister Sergei Shoigu reported to President Dmitry Medvedev by video link: “The rescue work is continuing of course, but unfortunately the [...]
Read the full article: "Twin Mine Death Toll in Russia Rises to 32"
Thursday, April 15, 2010
By Desmond McMahon—Exclusive to Coal Investing News Analysts expect coal prices to continue to rise after a strong first quarter performance with demand from China and the United States putting increased pressure on limited supply. And, The World Bank approved funding for a massive coal-burning plant in South Africa. Steel-making coal prices jumped 22 percent [...]
Read the full article: "Coal Supply Tightens"
Thursday, March 18, 2010
U.S. coal companies are looking to diversify. Just a few years ago the industry enjoyed a boom in coal-fired power plant development, but growing concern for global warming and rising construction costs gave natural gas and renewable-energy plants an edge.
Read the full article: "Coal: Diversify to Mitigate Losses?"
Thursday, February 18, 2010
Obama’s budget proposals have come in for flak, given that it is clearly set to scale back tax breaks and other incentives for domestic production of coal.
Read the full article: "Smoking Hot: Coal Is On Fire"
Tuesday, February 9, 2010
The years-long effort to develop a coal mine in the Otter Creek Valley has come to naught. Queensland billionaire Clive Palmer has also backtracked on his $60 b coal contract with a Chinese group. What seems to be happening here?
Read the full article: "Backing Out Of Coal"
Thursday, January 28, 2010
Coal prices firm up.
Read the full article: "Coal Market Leaps To Life"
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Monday, August 16, 2010