US coal exports up 35% through mid-year; likely to top 100 Mt in 2011

US coal exports increased 35% to 53.6 million short tons through June 2011, according to a recent edition of NMA’s (National Mining Association) International Coal Review. Strong demand from Asia and Europe for steam and metallurgical coal is expected to push coal exports above 100 million tons by the year’s end, the highest level in nearly 20 years. NMA’s economic forecast prepared in May predicted 2011 coal exports would reach 101.5 million tons (up 24%). The Energy Information Administration’s August Short-term Energy Outlook predicts 2011 coal exports of 98 million tons. The annualised rate based on half year data would be about 107 million tons by the year’s end. In 2010, the US exported just more than 81 million tons of coal. (more…)