Articles Tagged "coal supply"

Drummond May be Forced to Curb Colombian Coal Exports

Reuters reported that the Colombian government is looking for ways to allow miners to keep exporting coal even if they have not switched over to automated loading by January 1, 2014. The deadline is problematic in part because it could result in Drummond Company Inc. stopping one-third of the country's exports when 2014 begins.

Thermal Coal Prices to Rise in Medium Term, Says Glencore Xstrata

Reuters reported that according to Glencore Xstrata plc (LSE:GLEN), thermal coal prices are likely to rise in the medium term, partially due to high electricity demand in Asia. The fact that the fuel is currently in oversupply due to "healthy exports from major producers" and "modest demand" will also contribute to a price rise.

India to Set Up Coal Industry Regulator

Reuters reported that a group of ministers in India have approved a draft bill to set up a regulator for the country's coal industry. The move is aimed at improving coal supply and eliminating corruption, an issue that has come to the fore recently in the wake of the Coalgate scandal.