Central Asian Miners Adjust Production Based on Markets, Russia
- Published: Friday, 16 December 2016 15:00
- Written by Vladislav Vorutnikov
The U.S. National Mining Association’s (NMA) MINExpo INTERNATIONAL 2016 trade show and convention, held September 26-28 at the Las Vegas Convention Center, drew more than 1,900 exhibitors and covered more than 840,000 ft2 to showcase the latest mining equipment and technology. The quadrennial event attracted more than 44,000 attendees from more than 130 countries.
A hundred years from now, this era will be characterized as one of fundamental change for the coal mining industry. A painful transition marked by overcapacity, low prices, efforts to improve operational efficiency and regulatory uncertainty. Shifts in global energy production toward less-carbon intense sources are putting pressure on the coal mining sector. Some doom-laden headlines even prophesize the end of the coal era. The coal business, however, should keep a cool head. A formal analysis shows that coal will continue to play a pivotal role in the world’s energy mix, and the fuel could soon embark on a sustainable growth path.