The operation —a joint venture between BHP Billiton (ASX, NYSE:BHP), Anglo American (LON:AAL) and Xstrata (LON:XTA)— produced 34.6 million tons of coal last year, 4% more than the projected 33.3 million tons and exported 32.8 million tons, 2.5% over the 32 million ton target.
Canada risks stranding its resource bounty unless it adds new pipeline capacity to the West Coast, eastern provinces and the U.S., says Natural Resources Minister Joe Oliver, who believes the issue will be one of the biggest items on his plate in 2013.
While the cross-border outcome for TransCanada’s Keystone XL pipeline is still up in the air, U.S. opposition to the southern section currently under construction in Texas and Oklahoma is escalating.