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Alliance CEO Offers Encouragement

In the dog days of summer, with sultry weather blanketing parts of the country, Alliance Resource Partners President and CEO Joe Craft delivered a soothing shot of encouragement to an embattled domestic coal industry no doubt looking for any relief it can get. Speaking to analysts during a July 28 conference call to discuss his Tulsa, Oklahoma-based company’s second-quarter earnings — Alliance posted record coal sales in the period ended June 30 — Craft laid out his vision for an industry, that while battered, is not bowed and is still destined to play an important role in the nation’s energy future for decades to come.

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BHP Reports Solid FY 2015 Met Coal Production

In its latest quarterly report, which would be the final quarter for the 2015 fiscal year, BHP Billiton reported that its metallurgical coal production for FY 2015 increased by 13% to a record 43 million metric tons (mt). Record production and sales volumes in Queensland, Australia, were supported by the successful ramp-up of the Caval Ridge mine and continued productivity improvements. An increase in equipment and wash plant utilization rates underpinned record volumes at six other operations.

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WCA Calls on World Bank to Recognize Coal’s Critical Role

The World Coal Association (WCA) called on the World Bank to recognize the vital role of coal in bringing affordable, reliable electricity to hundreds of millions of people in developing and emerging economies. According to the International Energy Agency (IEA), global electricity from coal is expected to grow by around 33% to 2040. Demand for coal in Southeast Asia alone is expected to increase 4.8% a year through 2035.

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