China is reportedly short of coal supply despite its large coal reserves. Meanwhile, Australia is delayed in transporting its coal because of the great floods in many parts of the country. China is the fast growing economy power while Australia is the biggest exporter of coal.
This will lead to a simulation that other coal supplier from many regions will be thriving. Europe had been long lacking the power to export coal. Now, it is left to America and Africa. Australia will be busy with the floods at least for six months because of the inevitable weather condition. Coal industry in America and Africa, for that period, will hold the power on the market albeit temporarily. Africa coal countries, Canada and many South Americans will have an easier way to supply China with quality coal. Meanwhile, U.S. will have a considerable difficulty with China due to political and military tensions.
Whichever country will gain success in the weather-triggered opportunity, many mining employees will be needed. Social consequences will inevitably follow. The new coal industry powers must convinced the shareholder that the more active coal mining will be safer and not make negative publication such as last year Chilean mining tragedy.
No comments:
Post a Comment