ARCHIVE

WV exports up but production down

US COMMERCE Department data reveals that West Virginia exported 40% more coal in 2012 than it did...

Staff Reporter

WV coal exports rose by $2.1 billion to a total of $7.4 billion for the year, accounting for 49% of US coal exports in 2012.

The growth is attributed to an increased demand for coal in Asia.

The top growth markets for WV coal were Japan, growing from $29 million in 2011 to $395 million in 2012 and China, growing from $93 million in 2011 to $567 million in 2012.

Despite the increase in exports, WV coal production was still down more than 8% in 2012 and the mining industry in the state lost more than 5000 jobs, according to the WV Department of Revenue.

WV Governor Earl Ray Tomblin said the state’s exports “grew by 25%, surpassing the national growth rate of 4.6 per cent”

“Exports are a valuable contributor to our state’s economic growth and stability,” he added.

But according to the Associated Press, officials don't see exports as a substitute for declining domestic demand for coal.

"The foreign markets are going to be erratic, there's going to be good years and bad years for the foreign markets, whereas the domestic markets are more stable," Deputy Revenue Secretary Mark Muchow told the AP.

"Overall, the numbers are negative – we see coal production decreasing in West Virginia."

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production