Russian coal miner Raspadskaya has aimed to steadily raise coal exports as domestic demand remains weak and prices improve slowly. Deputy Chief Executive Alexander Andreyev stated: We need to change our strategy by expanding exports step by step. For full story, click here
The U.S. Interior Department has said it will try to overturn a Bush administration rule that made it easier for coal mining companies to dump mountaintop debris into valley streams. The action is the latest blow to the coal industry, which defends mountaintop mining as a safer, cheaper alternative to traditional underground mining.
After a dark winter for Canadian coal producers, spring supply contract negotiations halfway around the world are providing a glimmer of light at the end of the mine shaft. As news of the pricing agreement filtered through the market last week, Canadian coal stocks have reaped the benefits.
Coal exports from Australia’s Newcastle port jumped 22 percent from the previous week to a six-week high, while the number of ships arriving at the port also held near its highest level since early November. For full story, click here
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