Analysts see potential for sharp drop in global thermal coal prices FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Market sources say thermal coal prices appear poised for a sharp drop that could seriously squeeze producer profit margins, especially for high-cost mining companies. A number of thermal coal producers facing high-cost structures are in Australia, Russia and the U.S., and could be among those vulnerable to lower prices, sources said.They stressed, however, that it could be a long, drawn-out process before higher cost producers are forced to withdraw from business due to certain fixed costs.Take-or-pay costs in terms of transport to market and port charges mean coal miners can be incentivized to keep on producing despite low market prices. Added to this, mothballing mines or putting them on to a care-and-maintenance basis can be expensive, another reason to keep high-cost mines going, sources said. A source said he had seen certain coal producers carry on their operations on a negative cash flow basis rather than exit the industry.In the last market downturn a few years ago, some coal producers in Australia opted to maximize their production to retain market share, despite the effect of this strategy on coal prices and the wider market.Demand from Taiwan-based power plants is looking weak due to cooler weather, market sources said, pointing to the fall in Newcastle 6,000 kcal/kg NAR prices. “Power consumption is coming down, coupled with pressure to reduce coal use, so coal demand in Taiwan is unlikely to go up in the near term,” a Taiwan-based market source said. The same source added that even low prices are unlikely to prompt much buying interest for now due to low demand.A trader in China said finding willing customers for Australian high-ash cargoes was increasingly difficult. “There is no place to sell cargoes,” he said of the China market.More ($): Higher-cost thermal coal producers in spotlight on price fall
Still growing! Candace Cameron Bure opened up about how her relationship with husband Valeri Bure evolved during the quarantine caused by the coronavirus pandemic.“It totally tested us but in the best of ways,” the actress, 44, exclusively told Us Weekly on Wednesday, November 4, while discussing her partnership with The Salvation Army. “I’ll be honest because we try. We both travel so much. So we were like, ‘This might be the most amount of time we’ve actually spent together in years. This is either going to make us or break us.’ And you know what? It’s made us.”Valeri Bure and Candace Cameron Bure. Richard Shotwell/Invision/AP/Shutterstock- Advertisement – Candace noted how thankful she was for the extra time with Valeri, 46. “So many things are put in perspective just being at home, and then you talk through a lot of things and you realize, ‘What are the things we have to work on? What are the things that are working well?’” she explained. “I’m really grateful that it’s the one thing that I can look at 2020 — as crazy as this year has been and difficult — and I’m so grateful for my family time because I’ve reevaluated my work schedule, the time that I’m away from my family, and realized that that was not a good balance for me. So I’m thankful that it happened in that way because it’s made our relationship stronger.”The couple tied the knot in June 1996 and are parents of daughter Natasha, 22, and sons Lev, 20, and Maksim, 18.The Let It Snow actress got real earlier this year about how her family dynamic shifted during the quarantine. “I started 2019 off as an empty nester and now I’ve got a full house again,” she told Us in April. “I am very happy that I have my kids home and spending time with my husband too. Because a lot of times we’re like two ships passing in the night with our work schedule. So that part has been the biggest blessing for me.”- Advertisement – “They do so much good work throughout the year, and this year, because of the pandemic and COVID, things are different,” she told Us on Wednesday. “You always see around the holidays the red kettles and the Red Kettle Campaign supports so much of Salvation Army’s work that they do through the year — helping families in need through shelter and food and job training and daycare. And this year, because we’re not out as much, we’re not out and about, those kettles are gonna suffer. So we’re asking everyone to go to rescuechristmas.org and donate there or drop a few dollars in when you do see the red kettle or set up a monthly donation. They’re expecting 155 percent more families will be in need this holiday season.”With reporting by Christina GaribaldiListen to Us Weekly’s Hot Hollywood as each week the editors of Us break down the hottest entertainment news stories! The Fuller House alum emphasized that she had “incredible” conservations with her brood while detailing other activities they did to pass the time at home. “We’ve been taking lots of walks and playing lots of board games and we’re in sunny California. We have a pool and we’ve been enjoying that too because the weather’s been nice,” she said. “It’s just been concentrated family time [with] lots of cooking and eating.”Now, Candace has partnered up with The Salvation Army for the third consecutive year to help millions in need during the holiday season.- Advertisement – – Advertisement –
Our group opponents Belgium remain second, Sweden are up one place to 35th and Italy are up three places to 12th.Northern Ireland are up one place to 25th while England are down one place to 11th .England are in action tonight they host Portugal at Wembley. Kick off is at 7.45.
Two minutes and eight seconds.That’s how much time the much-awaited State of the Nation address on Thursday dedicated to sport. It was delivered by President Mahama at the Parliament House.Sport was not high on the agenda.1. Scholarship for the golden girlThe President announced that Martha Bissah will receive a scholarship from government to develop her talent in the United States of America. “In athletics, consistent planning and the personal development of our (the nation’s) athletes, earned Ghana our first Gold medal at any level. “The 17-year old Martha Bissah from Kumasi who won Gold at the Youth Olympics for special mention,” Mahama said in Parliament on Thursday. He went on: “Martha will be afforded the opportunity to join other young athletes on scholarship in US Colleges where she can develop her talent.” Bissah ran a lifetime best to win Ghana’s first gold medal at the Youth Olympics in China last year. 2. Respect for the local football leaguesThe Ghana Football Association got a subtle dig to double-up their efforts in improving the local league. Despite their consistently vehement claims to the contrary, the nation’s football governing body have always been criticized for focusing just on developing the Black Stars brand.Analysts watching the State of the Nation address found it significant that the President echoed the prevailing notion. “The seeming total neglect of our local football league is a matter of concern to football loving fans,” Mahama lamented, going on to say to “urge the Football Association to turn its attention to improving the quality of our local league and work towards making it more attractive, exciting and worth following.”He also asked for some more attention to be given other junior national teams.”Let me urge the Ghana Football Association to put a lot more focus on the other national teams just like it does for the senior national team in order to adequately prepare them for their international competitions as well.”3. Thumbs up, Black Stars!But the President would not finish without praising the efforts of the senior national football team in the recently-ended Africa Cup of Nations.”I wish to once again congratulate the senior national team, the Black Stars, for their performance at the 2015 Africa Cup of Nations tournament.” “Many Ghanaians had lost hope in the Black Stars at the beginning of the tournament in Equatorial Guinea. They gathered themselves together, rose from the ashes of Brazil 2014 and prove themselves.”Team Ghana finished runners-up, having lost on penalties to neighbouring Ivory Coast on penalties, and the head of state reminded his subjects about the importance of putting the performance in context.”It is not the first silver medal for the Black Stars but the developments from Brazil is what has changed the dynamics here.” 4. InfrastructureIn one sentence, the President touched on the only real project that’s being worked on in the country in terms of sport facilities.”On the development of sporting infrastructure, work is progressing speedily on the Cape Coast Stadium and is expected to be completed this year.” And that was that.–