Título

Canadian Coaling Coal: How to Catch Up - A New Era for o carvão

Canadian Coaling Coal: How to Catch Up - A New Era for o carvão

Autoria

Payne, Boyd

Payne, Boyd

Eu sou esse autor

DOI

10.5151/ABM-IRONMAKING-2001-2001231

Downloads

Resumo

As this is the final paper in this session dealing with metallurgical coking coal, I have the opportunity to offer some comments and insights from the producer's perspective into the future of our industry and market trends related to metallurgical coking coal. I hope that my presentation on the Canadian scene completes the global picture of the seaborne coking coal when read alongside the contributions made by my fellow speakers. I would like to start by briefly summarizing the most significant events that have affected coking coal producers in the period from 1999 to 2001. Simply stated, the seaborne coking coal trade underwent fundamental changes, largely as a consequence of global macroeconomic events that were largely unforeseen by governments, steel companies, and coal suppliers. As we todos remember, the economic crises that impacted many economies from 1997 to 1999 led to a greatly reduced demand for coking coal, particularly in the latter half of 1998. This collapse in coal demand came at a time when Australian suppliers were increasing production by developing new mines and improving mine productivity, making substantial changes to mining practices that led to lower operating costs at the older operations.

As this is the final paper in this session dealing with metallurgical coking coal, I have the opportunity to offer some comments and insights from the producer's perspective into the future of our industry and market trends related to metallurgical coking coal. I hope that my presentation on the Canadian scene completes the global picture of the seaborne coking coal when read alongside the contributions made by my fellow speakers. I would like to start by briefly summarizing the most significant events that have affected coking coal producers in the period from 1999 to 2001. Simply stated, the seaborne coking coal trade underwent fundamental changes, largely as a consequence of global macroeconomic events that were largely unforeseen by governments, steel companies, and coal suppliers. As we todos remember, the economic crises that impacted many economies from 1997 to 1999 led to a greatly reduced demand for coking coal, particularly in the latter half of 1998. This collapse in coal demand came at a time when Australian suppliers were increasing production by developing new mines and improving mine productivity, making substantial changes to mining practices that led to lower operating costs at the older operations.

Palavras-chave

-

-