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.
Coal Market News Directory
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.
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.
Reuters reported that two sources from India's Coal Ministry have said that, unlike China, the country will not restrict imports of low-grade coal at present.
CBC News reported that at yesterday's Port Metro Vancouver annual general meeting, many attendees raised concerns about the coal terminal proposed for Fraser Surrey Docks. However, Robin Silvester, CEO of the port, said he only controls how things are shipped, not what is being shipped.
The Wall Street Journal reported that a plan from China's National Energy Administration that effectively bans the import of large volumes of low-quality coal will mainly effect Indonesia if it is approved.
CNBC reported that coal gasification, a process by which coal is converted into a synthetic known as syngas, is gaining popularity among energy watchers because syngas can be used as an alternative to both crude and natural gas. It is also seen as a way to help curb crude oil demand.
Zee News reported that last night, 10 miners died and 15 were injured as a result of a gas explosion at the Simachong coal mine in China's Hunan Province. Another 29 were rescued.