ARCHIVE

EIA ups 2013 coal export forecast

THE US Energy Information Administration has revised a number of its coal forecasts for 2013, inc...

Staff Reporter
EIA ups 2013 coal export forecast

In its Short-Term Energy Outlook released on Tuesday, the agency increased its 2013 export forecast by 900,000 tons to 115.3 million tons, from an August forecast of 114.2Mt.

The EIA did not clarify why it had increased its forecast but did say continuing economic weakness in Europe, slowing Asian demand growth, increasing supply in other coal-exporting countries and falling international coal prices were the primary reasons the 2013 forecast remained lower than last year’s record exports of 126Mt.

The export forecast for 2014 also increased by 1Mt to 109Mt.

Production was revised in the opposite direction, with the EIA dropping its forecast from 1.026 billion tons to 1.013Bt for the year.

Coal production in August was the highest it had been in a year, at nearly 89Mt, the agency said.

Forecast consumption stayed steady at 942Mt in 2013 and 959Mt in 2014.

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