US Coal Shipments Down
Reuters reported that shipments of coal on US railroads are down due to slower demand.
Reuters reported that shipments of coal on US railroads are down due to slower demand.
Reuters reported that Transnet expects it will move at least 73 million tons of coal this financial year.
Bloomberg reported that coal shipments from South Africa's Richards Bay terminal were up 7.7% in April over the same period in 2011.
Reuters reported that rail issues are to blame for slower growth in Russia's coal exports.
Reuters reported that CSX Corp. (NYSE:CSX) produced record earnings even though consumers used less coal.
Sydney Morning Herald reported that rail company Asciano (ASX:AIO) is benefiting from more coal contracts and shipments from Queensland.
Bloomberg reported that Indian demand may fuel a billion-ton coal market.
Mining Weekly reported that a planned railway line should alleviate pressure on the existing coal corridor.
Reuters reported that Vitrol purchased access to a Mozambique coal terminal with a stake in Grindrod (OTC Pink:GRDLF).
Sydney Morning Herald reported that coal investor Nathan Tinkler's coal port expansion proposal is in direct rivalry with another proposed coal terminal.
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