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Coaltrans in the Press

Plentiful supplies of coal used to generate electricity are poised to cap prices for the fuel near the lowest in five years, even as demand rises heading into the Northern Hemisphere winter.

TANKERS CHARTERING - Crude A very slow beginning of the period with fresh business barely being drip-fed to the market.

REPUBLIKA.CO.ID, NUSA DUA -- The government will immediately build 14 coal export seaports in Sumatra and Kalimantan to monitor coal exports, Energy and Mineral Resources Ministry's Director General of Minerals and Coal Dr R. Sukhyar remarked here on Monday.

Coal carloads on U.S. railroads increased 2.8% during the week ended May 10 compared to the corresponding week a year ago, the ninth consecutive week U.S. coal carloads have increased year over year.

Amid another wave of job losses and a strengthening push against the industry from opponents, coal executives and analysts at the Coaltrans West Coast conference remained resolute in their belief that the seaborne coal market would experience a recovery in the next year or two.

Coal exports from the Hampton Roads facilities in Virginia totaled just less than 4 million tons in April, according to data obtained from the Virginia Maritime Association, a 7.4% decline compared to April 2013 despite some carryover shipments from March.

: China's coal consumption is expected to increase at around 3 percent for a period of time in the future, and the coal consumption elasticity coefficient will drop from 1.0 to 0.

: China's coke market has an "urgent task" of slashing production as domestic prices continue to decline and export volumes remain meager, Cui Pijiang, president of the China Coking Industry Association, said Friday.

India's domestic output and transport systems can't keep up with demand, creating an ever greater reliance on imports, rues Clyde Russell India's coal deficit is going from bad to worse and unless the country makes major policy changes, its hopes of lifting millions of people out of poverty through

The dry bulk freight market is expected make a modest recovery by late this year or the beginning of 2015 on the back of a gradual levelling out of the current tonnage supply and demand imbalance, according to the research director of the shipbroker Braemar Seascope.

Mozambique is coming up on India's radar as a source of thermal and metallurgical coal, with part of the attraction being highly competitive freight rates compared to Australia, a top official of India's International Coal Ventures Private Limited (ICVL) said Thursday.

Low export coking coal prices due to ample global supplies is hurting the US industry particularly badly, as biggest exporter Australia finds some comfort from its weakening currency and proximity to Asia.

Lobbying expenditures by the National Mining Association and the American Coalition for Clean Coal Electricity declined year over year in the fourth quarter of 2013, according to disclosure filings, but the NMA said Feb. 21 that it is ramping up advocacy efforts ahead of the midterm elections.

The assumption that the number of players in the coal industry will shrink to match the ongoing downturn in the markets is actually the opposite of what will most likely occur, two investors said at a recent industry conference.

A glut of natural gas has producers looking for alternative markets to help bring demand back into balance with supply, but experts say those new sources of demand are three to five years off, and most factors driving over-production will continue to persist.

A somber outlook for metallurgical coal markets at the Coaltrans USA conference in Miami was punctuated by a presentation from Xcoal Energy & Resources CEO Ernie Thrasher, who said prices for the steelmaking ingredient may not meaningfully increase until 2016.

European-delivered CIF ARA thermal coal prices will need to increase significantly to incentivize US producers to continue to export volumes into the Atlantic market, a senior executive at US miner Peabody Energy said.

ASX- and Aim-listed coal mining company Continental Coal’s De Wittekrans coal mine could potentially turn it into a genuine midtier mining company, stated Continental Coal CEO Don Turvey, at the Sasfin Investor’s Auditorium plenary session, which took place at the 2013 Joburg Indaba in October.