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Chuitna Coal Mine
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IEEFA
Sightline Institute: Another month, another coal export project down the tubes. This time it’s the proposed Chuitna mine in Alaska, a controversial export project launched a few years ago near the peak in the Pacific Rim coal bubble. After submitting several thousand pages of permitting documentation, the project backers had no choice but to shelve […]
Tom Sanzillo
A New Mine on Cook Inlet Was as Crazy as It Sounded
Word out of Alaska this morning that investors have pulled out of the proposed Chuitna Coal Project near Alaska’s Cook Inlet was presaged by the fast-moving global transition in electricity generation. Research we published two years ago—and that we outlined in an August 2015 letter to the Alaska Department of Natural Resources—pointed to where Delaware-based […]
IEEFA
Associated Press: A company that sought to develop a major coal mine 45 miles (72 kilometers) southwest of Anchorage has suspended applications for state permits. The Peninsula Clarion reports PacRim Coal has halted its permit process for a strip mine on the west side of Cook Inlet near the village of Tyonek (teye-OH-nek). The Alaska […]
IEEFA
Shannyn Moore for Alaska Dispatch News: Alaska’s only coal mine — owned by the Usibelli family — has seen its exports fall 57 percent in the past four years. The company just announced that it is stopping all exports of coal for the foreseeable future. No wonder a coal market analysis by the Institute for […]
Tom Sanzillo
Markets Will Not Support Expansions and Developments Proposed in Alaska, California and Washington State
The outlook for coal markets off the West Coast of the U.S. continues to weaken. This fast-developing erosion is rooted in a structural, long-term move that makes elaborate coal-export schemes more and more ill advised as coal’s decline deepens. Projects pitched, for example, at Longview, Wash., at the Port of Oakland, and for the Chuitna […]
Tom Sanzillo
Markets will not support PacRim’s Chuitna Project
The U.S.—indeed the world—does not need another coal mine to supply an already oversupplied seaborne thermal coal market. That’s what our research has shown for quite some time now and it’s why we filed a letter this morning with the Alaska Department of Natural Resources explaining why the proposed Chuitna mine just southwest of Anchorage […]
IEEFA
IEEFA’s Tom Sanzillo is featured again in a KTVQ report on the struggling U.S. coal industry. The station, the CBS affiliate in Billings, Mont., aired its special report over two nights this week. (KTVQ) Financial Struggles Dog U.S. Coal Industry: Otter Creek Project in Jeopardy
Tom Sanzillo
Developers of the proposed Chuitna mine near Alaska’s Cook Inlet are counting on being able to sell the coal for export to Asia. But their timing couldn’t be worse: the seaborne coal market has entered a steep structural decline—not a cyclical one—and established producers, including one from Alaska are scrambling already for whatever market share […]
IEEFA
April 2015 Chuitna Letter From IEEFA
IEEFA Update: Lacking Customers, PacRim Bails Out of Its Alaska Coal Project
A New Mine on Cook Inlet Was as Crazy as It Sounded
Word out of Alaska this morning that investors have pulled out of the proposed Chuitna Coal Project near Alaska’s Cook Inlet was presaged by the fast-moving global transition in electricity generation. Research we published two years ago—and that we outlined in an August 2015 letter to the Alaska Department of Natural Resources—pointed to where Delaware-based […]