A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte started working for Investing News Network in the spring of 2012 and now specializes in writing about diamonds, precious metals, base metals and graphite. She holds a Certificate in Editing from Simon Fraser University, which she completed in 2013.
Bloomberg reported that as coal exports from Australia to Colombia increase, a rally that has lifted prices for the fuel will come to an end. As a result, the coal surplus will increase by 20 percent, to 6 million metric tons, in 2014, according to Credit Suisse Group AG (NYSE:CS).
Reuters reported that China Kingho Energy Group, a private company, has made a $60-million bid for Carabella Resources Ltd. (ASX:CLR), an Australian coal explorer. The news outlet describes the move as indicative of China’s interest in purchasing cheap coal assets in the land down under.
The Guardian reported that Milton Catelin, president of the World Coal Association, has responded to a speech made by Christiana Figueres at the International Coal & Climate Summit by saying that she is missing “some of the fundamentals about the energy sector.”
Mineweb reported that attendees of the Coaltrans Mozambique conference were told that the country’s major coal producers, such as Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) and Vale SA (NYSE:VALE), need to decrease their logistics costs in order to become profitable.
The Globe and Mail reported that Japan’s coal use has increased as it “tries to lower the cost of replacing nuclear energy,” with the result being that its 10 main utilities used almost 16 percent more coal in the first 10 months of 2013 than they did in the year-ago period. Further, they increased their imports of the fuel by 11 percent.
Reuters reported that to help its struggling coal sector and tackle its pollution problems, China plans to “raise its threshold for coal imports, tighten approvals for new coal mines and push industry consolidation.”
The Vancouver Sun reported that Calvin Quek, head of Greenpeace East Asia’s Sustainable Finance Program, believes that building terminals aimed at shipping more coal to East Asia — such as the planned Fraser Surrey Docks expansion — could be a waste of time and money due to new caps on coal usage in China.
Last week, Christiana Figueres, executive secretary of the UN Framework Convention on Climate Change, told the World Coal Association’s International Coal & Climate Summit that the coal industry that it must “change rapidly and dramatically.” Thus far, the response from coal industry members has been positive.
Reuters reported that the Colombian government is looking for ways to allow miners to keep exporting coal even if they have not switched over to automated loading by January 1, 2014. The deadline is problematic in part because it could result in Drummond Company Inc. stopping one-third of the country’s exports when 2014 begins.