first_imgSlumping prices mean trouble for U.S. thermal coal exporters FacebookTwitterLinkedInEmailPrint分享The Wall Street Journal ($):Thermal-coal prices have tumbled to multiyear lows amid slumping global demand for the commodity, the world’s top source of electricity. Miners exporting from the U.S., which have benefited from growing foreign orders in recent years, are among the hardest hit.As the market softens, they are struggling to compete with mining giants from places such as Australia, because it is more time-consuming and costly for U.S. miners to ship their coal to key markets. The selloff is hurting an industry President Trump promised to revive as a centerpiece of his 2016 presidential campaign.Exports from the East Coast sold for $46.12 a metric ton on Tuesday, down 26% in a month, according to S&P Global Platts. That is roughly half where the commodity traded in mid-2018, although it is up from a trough of $42 a ton last week.There are several reasons for the rout, not least a seasonal lull as the Northern Hemisphere warms up after the winter. Prices for liquefied natural gas, a cleaner energy source, have slumped to roughly three-year lows, according to S&P Global Platts. That has enabled power producers that use both fuels to prioritize gas.Meanwhile, demand has waned in key markets. In Asia, Japanese buyers have locked in supplies with long-term contracts, Chinese utilities are buying more local coal and generating more power from gas and water, and South Korea has raised taxes on coal imports. In Europe, too, weak industrial output means less power consumption, while LNG output has jumped. BMO Capital Markets analyst Colin Hamilton said soft demand in Europe was the main weak point for the market globally.Should coal prices stay low, U.S. exports would probably shrink quickly, analysts say.More ($): A chill descends on the coal marketlast_img read more

first_imgTVNZ One News 10 August 2020Greenpeace has today won a High Court appeal to be recognised as a charity.It comes after the Charities Registration Board in 2018 declined Greenpeace New Zealand’s application to be registered as a charity. “Today’s ruling is a significant victory for Greenpeace and all of the environmental advocacy groups and campaigners who work ensure Earth’s ability to sustain life in all its diversity,” said Russel Norman, Greenpeace NZ’s executive director. “Twelve years after applying to be a charity, the High Court ruling in favour of Greenpeace is also a win for democracy in Aotearoa. Groups like Greenpeace, which challenge undue corporate influence and stand up for nature on behalf of future generations and the natural world, play a vital role in a healthy democracy. Protest and public good go hand in hand.” “Greenpeace NZ’s main activity is to advocate for the protection of the environment,” the High Court ruling states.READ MORE: The summary of the ruling considered the Charities Board was in error in declining Greenpeace NZ’s application for charitable status.last_img read more

first_img The former Tottenham, Manchester City and Arsenal star is seen as a shock option to fire the club to safety. Villa boss Dean Smith has been left short of choices after seeing striker Wesley and keeper Tom Heaton ruled out for the season with knee injuries. It means the club now have to spread their shoestring transfer budget across two key positions — and consider free transfers or loans to bolster their squad. Smith only has Jonathan Kodjia available up front — with Wesley’s injury meaning he may have to bring in two new forwards in January to give some cover in attacking positions. His only other striker, Keinan Davis, is himself working his way back to fitness after injury, so Villa have a massive hole in their squad. But with Financial Fair Play restrictions biting heavily, Villa will be scratching around to beg, steal and borrow players. Emmanuel Adebayor has been offered to Aston Villa as they desperately search for strikers to cover their injury nightmare. Loading… Adebayor’s camp know this — and have spotted what they believe is an unlikely opportunity for him to return to the Premier League at a late stage in his career. The Togolese frontman, 36 next month, is a free agent after leaving Turkish side Kayserispor last month, meaning he would be available to come in immediately without a fee. His advisers hope that fact — and his Premier League experience — might be enough for Villa to take a gamble on him as a cheap option, allowing them to also target another forward in a loan or small cash deal in the transfer window. Former Liverpool striker Daniel Sturridge — now with Trabzonspor — is another option, although there are costs and fitness concerns associated with him. Read Also:Football4girls Clinic: Oshoala drags Adebayor, Musa, Martins to Lagos And possibilities such as Hull’s Jarrod Bowen and Fulham’s Aleksandar Mitrovic are likely to be too expensive at a time when they need to balance their books. It is financial concerns that may prevent Smith from pursuing either Jack Butland or Joe Hart to cover for Heaton in goal. FacebookTwitterWhatsAppEmail分享 Promoted ContentWhich Country Is The Most Romantic In The World?Behind-The-Scenes Selfies From 10 Popular Movies10 Risky Jobs Some Women DoBest & Worst Celebrity Endorsed Games Ever MadeTop 10 Tiniest Phones Ever Made20 Completely Unexpected Facts About ‘The Big Bang Theory’The Models Of Paintings Whom The Artists Were Madly In Love WithBirds Enjoy Living In A Gallery Space Created For Them6 Best Natural History Museums In The World5 Of The World’s Most Unique Theme ParksWill You Recognize Celebs In Their Kid Photos?What’s Up With All The Female Remakes?last_img read more