Xcoal Energy & Resources
{{#badges: CoalSwarm}} Xcoal Energy & Resources is based in based in Latrobe, Pennsylvania, and describes itself as "a leading supplier of low, mid- and high volatile hard coking coal to customers throughout the world. Xcoal also supplies semi-soft coking, PCI and anthracite coals from ports in Baltimore, Maryland and Hampton Roads, Virginia and is involved with mine development, mine financing, and related infrastructure projects."[1]
Contents
Exports
On May 30, 2012, XCoal received final approval from the Export-Import Bank of the United States for a working capital guarantee to help the company boost shipments of coal to Japan, South Korea, and China. The loan was the first direct transaction for coal exports in at least five years for the Bank. The coal will be used to fuel overseas steel plants.[2]
In May 2012, the chief executive officer of Xcoal told MarketWatch: “To develop the coal consumer market, we have to look to foreign markets, especially China.”[3]
Affiliations
Xcoal is a member of the American Coal Council (ACC), a peak industry association which describes its role as "advancing the development and utilization of American coal as an economic, abundant/secure and environmentally sound energy fuel source" and as a "resource for companies that mine, sell, trade, transport or consume coal."[4][5]
Articles and Resources
Sources
- ↑ "About Us," Xcoal, accessed May 2012.
- ↑ Anusha Narayanan, "Ex Im Bank Using US Taxpayer Money to Prop up Dirty Coal Exports from Appalachia," Sierra Club Compass, May 31, 2012.
- ↑ Zhang Boling, "China digs into American coal mines," MarketWatch, May 29, 2012.
- ↑ American Coal Council, "About the American Coal Council", American Coal Council website, accessed June 2008.
- ↑ American Coal Council, "Coal Suppliers", American Coal Council website, accessed June 2008.
Related SourceWatch articles
- Global use and production of coal
- Australia and coal
- Britain and coal
- China and coal
- Germany and coal
- Indonesia and coal
- Japan and coal
- New Zealand and coal
- South Africa and coal
- United States and coal
- Corporate market share of global coal export trade
External Articles
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