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Coal industry pins hopes on exports as US market shrinks

2013-06-15 15:35:38| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: Every few hours trains packed with coal pass through the sagebrush-covered landscape here in southern Montana, some on their way north to Canadian ports for shipment to Japan and South Korea. If the mining company Cloud Peak Energy has its way, many more trains will cross the prairie to far larger proposed export terminals in Washington State. It's part of a push by the nation's coal industry, hobbled by plummeting demand as Americans turn to cleaner natural gas, to vastly expand what it sends...

Tags: market industry hopes coal

 

Coal ETF Punished as Walter Energy Sags

2013-06-15 06:07:27| Industrial Machines - Topix.net

Shares of Walter Energy traded down over 17 percent Friday and reached at levels not seen since March 2004.

Tags: energy walter coal punished

 
 

Wison signs long-term cooperation agreement with Foster Wheeler and Clariant on SNG pilot plant in China; coal or coke to methane

2013-06-14 12:30:17| Green Car Congress

Tags: to china agreement plant

 

Australia: Keep our coal in the ground

2013-06-14 06:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: I'm instantly stuck by the contrast. On one side, the landscape is beautiful. A river winds its way towards the ocean, until it hits a few islands sitting on the coast. Mangroves cling to the water edge. Beyond the initial line of trees, the landscape is bare -- dark brown and red soils radiating in the sun. The other side is very different. Amongst the beauty, humans have wreaked havoc. We can see factories, gas plants and piles of coal getting ready to be shipped out. On the ocean I can count...

Tags: the australia ground coal

 

RPT-Japans Marubeni to bid for Rio Tinto Australia coal stake -sources

2013-06-13 07:22:21| Food - Topix.net

Japanese trading house Marubeni Corp is bidding for a 29 percent stake in Anglo-Australian miner Rio Tinto's Coal & Allied unit, valued at an estimated $2 billion, two sources familiar with the process said.

Tags: australia sources bid rio

 

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