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.
Articles Tagged "china"
Bloomberg reported that this year, Erdenes Tavan Tolgoi LLC will start mining the West Tsankhi coal area, located in Mongolia, in order to get out of debt and pay off Aluminum Corporation of China Ltd. (NYSE:ACH).
Bloomberg reported that China has suspended production at all Sichuan coal mines following a May 11 explosion that killed 28 workers and injured 18 others. The stoppages are not likely to affect coal prices nationwide.
Bloomberg reported that state-owned China Resources (Holdings) Company Ltd. plans to integrate China Resources Power Holdings Company Ltd. (HKEX:0836) and China Resources Gas Group Ltd. (HKEX:1193) by having China Resources Power acquire China Resources Gas. The move is part of a planned shift away from coal.
Mineweb reported that Noble announced at a recent conference that they expect China's coal imports to rise by nearly 70 percent by 2015.
Can investors still make money investing in the beaten-up US coal sector?
Can import-hungry India pass China as the world's largest coal consumer?
The Sydney Morning Herald reported that the Australian coal industry believe that China's promise to cap coal use by 2015 will inhibit its commitment to economic growth.
As overcapacity pushes the Chinese coal sector toward consolidation, coal imports in India are increasing.
China is the clear "king of coal." But as the nation’s economy stagnates, other emerging markets are gaining ground and could reshape how thermal coal prices are determined.