#CoalExports

[newsbites]

Environmental news from BC, Canada, 16 July.

Drought conditions in British Columbia are worsening, with unprecedented levels of drought observed early in the season, emphasizing the need for water conservation.

2. British Columbia has requested 1,000 additional international firefighters to help combat the province's wildfires.

The Canadian government is prepared to deploy resources, including military assistance, to support firefighting efforts in B.C.

The province is experiencing a severe fire season, with over 350 wildfires burning, and is looking for more firefighting support, particularly air equipment.

3. British Columbia and Alberta have contrasting policies on coal mining, with B.C. continuing coal mining in the Rocky Mountains while Alberta restricted it due to environmental concerns.

Alberta's shift away from coal mining in the 1970s was influenced by the emergence of an environmental movement and the rise of the oil industry in the province.

B.C.'s support for the metallurgical coal industry and the failed plan to make every resident a shareholder in a coal company contributed to the continuation of coal mining in the province's Rockies.

4. Metallurgical coal, also known as coking coal, is a high-quality coal used in steelmaking that emits significant greenhouse gases during the production process.

British Columbia is a major producer of metallurgical coal, with stringent regulations and high-quality reserves, making it a trusted source in the industry.

While demand for metallurgical coal is expected to decline in the future due to the development of greener alternatives like hydrogen, the industry continues to play a significant role in steel production worldwide.

5. The Port of Vancouver is the busiest coal export terminal in North America and exports large amounts of both metallurgical and thermal coal.

Coal exports from the Port of Vancouver contribute significantly to greenhouse gas emissions and may lead to increased shipping traffic and potential environmental damage.

More on thermal coal here and here. In brief:

The B.C. government saw record revenue from coal exports in 2022, which facilitated social spending.

Canadian thermal coal exports continue to rise due to demand from Asian countries, despite global efforts to phase out coal production. Asian countries are still building coal plants and relying on Canadian thermal coal for its high energy output and supply diversification.

The market for coal is expected to shrink in the coming years as global commitments to reduce greenhouse gas emissions increase.

The provincial government is promoting its CleanBC plan to lower emissions while simultaneously projecting lower revenue in the short term as natural resource prices are expected to fall. The government is also working on a trade diversification strategy.

[coalshastra]

CoalShastra is a B2B online marketplace for coal buyers & sellers. We were founded on the values of T.R.U.S.T (Transparency, Reliability, Unbiased, Service, Thorough), that form our core. In us, our clients TRUST as a partner to help source the best quality materials & help them understand market dynamics.

[deniszakutaev]

‪Visiting anthracite coal preparation plants in #Russia #KrasnyiSulin #anthracitecoal #coal0-13mm #highgradecoal #coalpreparation #coalmines #WorldSteelTradeSA #DenisZakutaev #CEO #connectingtheworld #coalsupplier #metcoke #coke #coal #coaltrader #coalexport #worldcoal‬ #PCIcoal #coalforsteel #steelmills #EAF #BlastFurnace

[natishiadicaprio-blog]

@Regrann from @leonardodicaprio - #Regram #RG @EarthJustice: VICTORY: Australian activists are celebrating a big win for the climate and the Great Barrier Reef this week as a court overturned the federal approval for Adani’s Carmichael Coal Mine. The Carmichael Mine would be Australia’s largest coal mine, producing up to 60 million tons of coal for export per year. It poses a major threat to the Great Barrier Reef, because it will require dredging of the seafloor within the Great Barrier Reef World Heritage Area to expand coal export terminals on the coast, and the Reef sits right in the path of the coal barges. While the mine still could be approved in the future, this decision is a huge setback for the company and bodes well for Australia’s campaign to protect the precious Great Barrier Reef. #savethereef #reef #greatbarrierreef #coalexports #beautiful #nature #instagood #nofilter #Regrann

[dustinbleizeffer]

EarthFix reports that two original partners in the proposed Project Mainstay coal export port in Coos Bay have backed out, leaving a single backer; Metro Ports of California.

DKRW can tell you how difficult it is to find $2 billion in funding for a proposed coal-to-gas plant in Wyoming, and North American Power Group can testify to the difficulty of finding financial backers for an independent "trash coal" power plant in Wyoming (if you believe that's NAPG's actual goal). Markets can easily explain the challenges for DKRW and NAPG, but exporting PRB coal to Asia was supposed to be a supply-and-demand no-brainer. We're left wondering; how much of the financial jitters over the Project Mainstay have to do with a slightly cooling Asian coal market, and how much has to do with concerns over regulatory approval?

[dustinbleizeffer]

Arch Coal retains production capacity, hoping for bump later this year

This quote is from John W. Eaves, Arch’s president and chief executive officer, in the company's Feb. 3, 2013 report to investors:

“Looking ahead, we are seeing signs that a coal market rebound is possible in the second half of 2013,” said Eaves. “At Arch, we are running our operations in a manner that will enable us to capitalize on the rebound as it occurs.  We are proactively responding to increased interest for Western Bituminous coal after several years of weakness.  We are also making progress in realigning our asset portfolio in Appalachia — and expect our competitive position to be further enhanced as the Leer longwall starts up in the third quarter of 2013.  In the Powder River Basin, we are continuing to focus on controlling costs as we manage our operations at significantly reduced production levels.”