Ships in a bottleneck: China, Australia ports clogged as coal, iron ore demand soars
With some vessels waiting to load coal and iron ore outside Australian ports for over a month, key charter rates jumped to highest in more than three years.
Canada is the third largest exporter of metallurgical coal in the world (after Australia and the United States), shipping most of the 27 million tonnes of metallurgical and thermal coal produced every year in B.C.
BHP Billiton-owned Appin coal mine in southern Australia will lock out its workforce Sunday amid tense negotiations with supervisors over a new corporate agreement.
A deadly explosion at a coal mine in the remote Russian Far North, within the Arctic Circle, left 18 people dead so far, said Monday the country’s Emergency Situations Ministry.
FT takes a look at the fortunes of Rugeley now that the online giant Amazon has replaced the coal mine as the economic heart of the small English town.