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South Africa’s Kangala Breaks Production Record

Universal Coal, a South African coal operator, said its Kangala operation in the Witbank coalfield, which completed its pit reconfiguration project last quarter, has hit a record 1.04 million metric tons (mt) of run-of-mine (ROM) production, a 47% year-over-year increase and was a 35% increase over the previous quarter. Total coal sales were also up quarter-on-quarter, coming in 39% higher than the previous quarter at about 609,000 tons (up 20% versus the same period in 2015). Whole-year, Kangala produced more than 3 million mt, and sold more than 2 million mt.

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India Exports Coal

Marking its maiden venture into coal exports, India was expected to ship around 10 million metric tons (mt) to neighboring countries to tackle the problem of surplus dry fuel in the country. Coal India Ltd. (CIL) is talking to possible customers in Bangladesh, Nepal and Sri Lanka, as first steps to gradually ramp up shipments from the estimated 10 million mt likely to be achieved in the current fiscal year.

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China’s Second Largest Coal Producer Sees Profits Rise

China Coal Energy Co. Ltd., the country’s second largest coal producer, reported increased profits for the first half of this year, according to Xinhua.

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Coal Prices in Asia Move Higher

Thermal coal prices in Asia may jump as much as 50% if rainfall caused by La Niña is heavier than expected, further tightening the market as China cuts production, the South China Post reported, citing a Citigroup study.

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Ratepayers Will Pay Billions for Alberta’s Climate Plan

The Alberta government will try to challenge a regulation it said will saddle consumers with billions of dollars in losses from coal-fired power agreements, according to The Canadian Press. The regulation, which passed in 2000 protecting power companies by allowing them to hand back agreements to buy electricity from coal-fired plants if actions by the government make them less profitable. The government estimates these power purchasing arrangements (PPAs) could cost consumers up to $2 billion by 2020.

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