Coal Age

JAN-FEB 2019

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May 2016 2 www.coalage.com editor's note Looking Forward to 2019 W ith a combined Jan-Feb edition, it seems weird to say it in February, but Happy New Year! We have a lot of ground to cover. So, let's begin with that Super Bowl. Unless you were a Pat's fan, the game was a snoozer, but the Budweiser ads certain- ly created a lot of controversy for all the wrong reasons. Serious- ly, the Clydesdales are trotting in front of windmills and people are debating the use of corn syrup or the lack thereof. The two largest coal companies are located within 20 miles of Grant's Farm. Two take-aways here: the Anheuser-Busch executives are not attending the local Rotary Club meetings in St. Louis and the corn farmers have a louder voice than the coal industry. Have you been following the latest climate change contro- versy with NBC? Our old friend Chuck Todd from Meet the De- pressed recently devoted an entire hour to promoting the views of climate change extremists and refused to offer dissenting opinions. Myron Ebell, direc- tor of the Competitive Enterprise Institute's (CEI) Center for Energy and Environment, and his crew are not letting him get away with it. The CEI has launched an ad campaign against the network over its position on climate change, saying that Americans deserve an open debate about climate change and how to address it. "Millions of Americans agree that global warming is not a crisis that requires turning the economy and our lives upside down — but you'd never know that from watching Chuck Todd and 'Meet the Press,'" Ebell said. "CEI has been making the case against global warming alarmism and energy-rationing policies since the 1990s. We have had big victories. Chuck Todd is just the latest to try to win the debate by shutting down his opponents. He won't be the last." You can view the ads and join the debate here: cei.org/nbcclimatedebate. This edition of Coal Age is one of my favorites because it contains the Annual Forecast and the U.S. Longwall Census. Without spoiling it, I would like to offer some of the salient points from both articles. First, total U.S. coal production is down 22 million tons year-on-year 2018 vs. 2017 or 2.8%. For that reason alone, several equipment makers and service providers have abandoned this market, hoping to sell equipment in other parallel industries. Most of that lost production was from large surface mines in the West. Other medium-sized mining companies in the East actually had a pretty good 2018 and are looking forward to 2019. They have money to invest and they are looking to buy new equipment. Longwall production increased in 2018. Some longwall mines posted dou- ble-digit growth (See Table 2, U.S. Longwall Census, p. 25). Coal production in West Virginia, Indiana, Illinois and Alabama is up. Look closely at the Stats from Coal Country on p. 7. Coal prices in the East are up. Check out Figure 4 on p. 22. Then read the sections on utility stockpiles and exports. Utility stocks are at their lowest levels in decades. Yes, everyone knows that exports are up because met prices are up, but they may not know this. Year-to-date through November 2018, thermal exports are up 12.8 million tons year-on-year from the same point in 2017, while met coal exports have only increased 6 million tons or more for the same period. It's easy to look at the bottom line, see that the industry is down 2.8% and give up hope, but dig a little deeper and there is some surprisingly good news out there. We hope to bring more of these stories to you in 2019. In the meantime, don't give up on the coal business; it never gave up on you. www.coalage.com Coal Age, Volume 124, Issue 1, (ISSN 1040-7820) is published monthly ex- cept January and July, by Mining Media International, Inc., 11655 Central Parkway, Suite 306, Jacksonville, Florida 32224 (mining-media.com). Pe- riodicals postage paid at Jacksonville, FL, and additional mailing offices. Canada Post Publications Mail Agreement No. 41450540. Canada return address: PO Box 2600, Mississauga ON L4T 0A8, Email: subscriptions@ coalage.com. Current and back issues and additional resources, including subscription request forms and an editorial calendar, are available online at www.coalage.com. SUBSCRIPTION RATES: Free and controlled circulation to qualified subscribers. Visit www.coalage.com to subscribe. Non-qualified persons may subscribe at the following rates: US domestic addresses a 10 issue subscription, $75.00 USD, All addresses outside the USA a 10 issue subscription $125.00 USD. For subscriber services or to order single copies, contact Coal Age, c/o Stamats Data Management, 615 Fifth Street SE, Cedar Rapids IA 52401, 1-800-553- 8878 ext. 5028 or email subscriptions@coalage.com. ARCHIVES AND MICROFORM: This magazine is available for research and retrieval of selected archived articles from Proquest. For microform avail- ability, contact ProQuest at 800-521-0600 or +1.734.761.4700, or search the Serials in Microform listings at www.proquest.com. POSTMASTER: Send address changes to Coal Age, 11655 Central Parkway, Suite 306, Jacksonville, FL 32224-2659. REPRINTS: Mining Media International, Inc., 11655 Central Parkway, Suite 306, Jacksonville, FL 32224 USA; phone: +1.904.721.2925, fax: +1.904.721.2930, www.mining-media.com PHOTOCOPIES: Authorization to photocopy articles for internal corporate, personal, or instructional use may be obtained from the Copyright Clear- ance Center (CCC) at +1.978.750.8400. Obtain further information at www.copyright.com. COPYRIGHT 2019: Coal Age, incorporating Coal and Coal Mining & Processing. ALL RIGHTS RESERVED. Steve Fiscor, Publisher & Editor-in-Chief sfiscor@mining-media.com BY STEVE FISCOR PUBLISHER & EDITOR-IN-CHIEF Mining Media International, Inc. 11655 Central Parkway, Suite 306 Jacksonville, Florida 32224 U.S.A. Phone: +1.904.721.2925 Fax: +1.904.721.2930 Editorial Publisher & Editor-in-Chief—Steve Fiscor, sfiscor@mining-media.com Associate Editor—Jennifer Jensen, jjensen@mining-media.com Technical Writer—Jesse Morton, jmorton@mining-media.com Contributing Editor—Russ Carter, rcarter@mining-media.com Latin American Editor—Oscar Martinez, omartinez@mining-media.com Graphic Designer—Tad Seabrook, tseabrook@mining-media.com Sales Midwest/Eastern U.S. & Canada, Sales—Victor Matteucci, vmatteucci@mining-media.com Western U.S., Canada & Australia—Frank Strazzulla, fstrazzulla@mining-media.com Scandinavia, UK and European Sales—Colm Barry, colm.barry@telia.com Germany, Austria & Switzerland Sales—Gerd Strasmann, info@strasmann-media.de Japan Sales—Masao Ishiguro, ma.ishiguro@w9.dion.ne.jp Production Manager—Dan Fitts, dfitts@mining-media.com Marketing Manager—Misty Valverde, mvalverde@mining-media.com

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