Production in Australia was disrupted by a strike. Many of these conditions should ease next month, however. However, there have been several Chinese policy changes since, surprising traders and contributing to a price slump in late and earlier this year.
China had cut coal capacity by million tonnes by the end of June, representing 74 percent of its target for this year.
China plans to add million tonnes of new coal mining capacity this year, in addition to the 90 million tonnes already added in the first half of this year. In January, the National Development and Reforms Commission said it wanted Chinese coal prices to trade in a range of yuan a ton, and would take action if they were outside this. At higher price levels, many miners are making money and there is a good chance that new supply will come to the market, said Georgi Slavov, head of qualitative research at commodities brokerage Marex Spectron.
It is now 17 million. MSHA also cited Cobalt for moving the continuous mining machine when it wasn't cutting coal and allowing a worker to walk alongside, creating the potential for a crushing injury. The show debuted March 30 and was seen by 6 million viewers in the first week. The second episode aired Wednesday night. The violations were written April 5, on the first anniversary of a massive explosion that killed 29 miners at Massey Energy Co. Even mistakes, he said, can become teaching tools.
Coal companies today rely mainly on low-quality, "very boring" videos to train miners in safety, he said. If nothing else, the Spike footage can be used to create more vivid clips that can help workers identify and avoid hazards. The state Officer of Miners' Health, Safety and Training, which had obtained an advance copy of the first episode, cited Cobalt for similar violations even before the show aired. In a March 23 notice, a state inspector said the potential of the continuous miner to pin a man against a mine wall reflected "an extremely high degree of negligence.
State records show inspectors also cited Cobalt and some individual workers for failing to wear the proper reflective clothing, which ensures a miner can be seen from all directions, and for failing to wear proper eye protection. The state also cited Cobalt's miners for failing to wear their air packs, called self-contained self-rescuers, and for failing to have a cache of the devices within reach.
The air packs produce oxygen through a chemical reaction and are designed to give miners enough time to escape from a contaminated atmosphere. To shoot in the mine, 10 videographers trained for 80 hours and were certified as apprentice coal miners.
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