Yen Forces Japan Towards Coal
Reuters reported that Japan is focusing on coal-powered energy as the yen is making oil and LNG cost-prohibitive.
Articles Tagged "coal sector"
Striking Workers Injured in Clashes with Police at Shanduka Coal’s Graspan Colliery
Reuters reported that striking workers have been injured in clashes with police during labour unrest at Shanduka Coal's Graspan colliery in South Africa. As quoted in the market report: Seven workers were admitted to hospital and nine were arrested after the incident on Tuesday. Operations at Graspan remained suspended on Wedn
Ontario to Close Remaining Coal-Fired Plants over Next 18 Months
Reuters reported that Ontario plans to shut its remaining coal-fired power plants over the next 18 months, replacing them with renewable sources of energy.
Sherritt Takes $17.2 Million Loss in Fourth Quarter
The Globe and Mail reported that Sherritt International Corp. reported a $17.2 million loss in the most recent quarter, mostly due to a write-down for two coal projects.
China’s Plan to Cap Coal Use by 2013 Contravenes Plan for Economic Growth
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.
South Korea Permits Private Companies to Build Coal-Fired Power Plants
Bloomberg reported that South Korea has granted approval to four private companies to build eight coal-fired power plants in attempt to diversify investments and stakeholders in their energy sector.
Mongolia to Grant $355 Million to Erdenes Tavan Tolgoi to Exit Chalco Deal
Bloomberg reported that Mongolia has agreed to give Erdenes Tavan Tolgoi LLC a $355 million loan to facilitate their walking away from a supply deal with China's Chalco.
Mozambique Coal Boom to Push $34 Billion in Infrastructure: Frost & Sullivan
Mining Weekly reported that the surge in the coal industry in Mozambique will support $34 billion in infrastructure growth in the coming years.
2013 Coking Coal Prices Could Get a Lift from Chinese Steel Restocking: Barclays
Bloomberg reported that, according to Barclay's, coking coal may see a spike in prices as China moves towards restocking steel.
Alaskan Coal Exports to Fall in 2012
Platts reported that coal exports from Alaska's only coal miner, Usibelli Mine Inc, will dip in 2012.
