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Sev.en took a 17.1% stake in TSX-listed cokingcoalminer CorsaCoalCorp. last month in a deal worth around $2.5 million, marking its initial foray into metcoal. Sev.en bought the Corsa stake held by Sprott Resource Holdings, stating it has a long-term view of the investment and may acquire additional securities of the issuer.
Jul 03, 2020· COVERAGE NOTE - Pulppriceassessment schedule inEast Asiaupdated. July 3, 2020. Opal Australian Paper ends lockout at Maryvale papermill, downtime ongoing. July 3, 2020.Japan’s Nippon Paper Industries starts up 40,000 tonne/yr TM at Fujimill. July 3, 2020. Big fall in Southeast Asian Q2 boardpricesas exports clobbered by COVID-19.
However, reduced global economic activity has lessened demand forcoal, thus resulting in a downward trend ofcoal pricesbetween early 2011 and mid-2016. Apart from sluggish global economic growth (and the hard landing of China's economy), there was also another factor at play that causedlow coal prices.
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Since January 2016, when thepriceofcoalreached a 10-yearlow,coal priceshave rebounded by about 100 percent. Several factors have contributed to thispricerebound. First, as part of China's effort to reduce harmful emissions the world's largestcoalconsumer and producer, reduced its domestic production and increased its imports. Second, the Indiancoalindustry faced hard times as ...
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