Trump Win Restores Hope for the Coalfields
- Published: Friday, 09 December 2016 15:54
The coal market may be starting to finally turn the corner. Prices for some seaborne coking coals shipping from Australia to Japan have eclipsed the $200/ton level again (See World News). Similarly, prices for Powder River Basin (PRB) coals have improved as coal-fired power plants burn through stocks and natural gas prices increase. With widespread devastation throughout the coalfields, any positive news is welcomed.
While most Americans were enjoying the three-day Labor Day holiday weekend, President Barack Obama and Chinese President Xi signed the Paris agreement on climate change in a ceremony in Hangzhou, China. The Paris agreements is structured in such a way that it is not legally binding. So with no fear of a backlash related to his ability to sign such an agreement, he and the Chinese leader handed each country’s official instrument to join the agreement to U.N. Secretary General Ban-Ki Moon.
For this edition of Coal Age, we have assembled an intriguing collection of articles that will hopefully help you operate more safely and efficiently. As we do every month, we try to offer something for everyone by covering three different aspects of the coal business: surface mining, underground mining and coal preparation, along with some other subjects.
After four years of examination and public input, the U.S. Department of Interior (DOI) published reforms that it said will more properly value the royalties the nation receives from the energy sources found on federal lands, namely coal, oil and natural gas. This would be the first significant adjustment to the system in more than 10 years.