Coal Age Magazine - For nearly 100 years, Coal Age has been the magazine that readers can trust for guidance and insight on this important industry.
Issue link: https://coal.epubxp.com/i/82345
1980-1989 Worldwide Events During the 1980s, world coal production grows to 3.1 billion mt. China sets its sights on 1.2 billion tons by 2000. It has already emerged as one of the world's leading coal producers with an annual output of about 850 million mt RoM coal, but has not yet become a factor in international coal trade. Sir Robert Haslam took over as chair- man for British Coal, which is undergoing a massive restructuring. He succeeds Sir Ian McGregor. Haslam said he expects more mine closures and voluntary layoffs. McGregor's program of layoffs and mine closures trimmed BC's losses from £485 million in 1983-84 to £50 million in 1985- 86. Haslam takes over at a period when price concessions from British utilities were forcing BC to lose another £400 mil- lion in revenue. Following presentation of the annual Coal Ageaward, recipient Sen. Robert C. Byrd (D-W.Va.) received congratulatory words. Pictured are (from left to right) COAL editor Paul C. Merritt, Byrd, National Coal Association President Richard C. Lawson and COAL publisher Robert Lick. *Coal Age, February 1989 dismissing 1,000 workers. (Gray, W.Va.). Five underground mines and a prep plant, which it opened in 1902. The mine, which produced low vol met coal for USX plants in Gary and Clairton, Pa., was sup- planted by USX mines in Alabama. The M&A; activity would continue into the 1990s. Australia, Canada and Colombia begin to export more coal. Drummond Coal begins to invest in Colombian coal mining operations. Exxon buys Colombia's Carbocol and begins to lauch El Cerejon. The Kooragang coal terminal opens in Newcastle, New South Wales, Australia. It has a 50 million mt capacity. Canada's production grows to 60 million tpy. Possible sanctions against South Africa 154 www.coalage.com 100th Anniversary Special Issue August 2012