Pouring cold water on shale gas enthusiasm . . . this is a year old
Central and Southwest China: The Key Battleground for Shale Gas and New Low-Cost Coal Supplies from Xinjiang, Mongolia, and Wyoming
Pouring cold water on shale gas enthusiasm (China mix). From China SignPost.
Also this a reminder that Xinjiang has massive potential for surface mining of thermal coal -- it is like the Powder River Basin X 2. And don't forget Mongolia!
2013年电煤合同量创七年新高
今年铁路基建投资将超6000亿
煤炭进口激增 是喜是忧?
Siberian coal miner sees advantage in distance
Reuters reported that coal miner Kolmar, controlled by the billionaire founder of trader Mr Gunvor will plow money into its east Siberian coal fields to capture the Asian steel making market ahead of its Russian rivals farther west.
China Clean-Air Bid Faces Resistance WSJ
Neptune Terminals plans to double coal export Coal Guru Canada supply
Coal Train: The people and process behind Bellingham's coal port decision
China Clean-Air Bid Faces Resistance WSJ
Neptune Terminals plans to double coal export Coal Guru Canada supply
Coal Train: The people and process behind Bellingham's coal port decision
UAF graduate, Tom Albanese, kicked out at Rio Tinto for $14 BN in writedowns (this year). Also leaving are the CFO and the head of Strategery. The owners were begging for mercy after two acquisitions for $40BN that are now worth $10BN - - - and incompetent due diligence in Mozambique. It turns out the coal was somewhere else and they couldn't transport it out when it came time to actually do some bidness - in 18 months the value dropped from $3BN to $1BN. Since Rio is not an American company Albanese will walk away with egg on his face and a measly few million in severance instead of the standard $50 million + package to be earned by wasting billions at an American company.