April 2015 Chuitna Letter From IEEFA
April 2015 Chuitna Letter From IEEFA
Chuitna Coal Mine
IEEFA Research
More News and Commentary
Global Trends Continue to Undermine U.S. Coal-Export Schemes
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 […]
Building a New Coal Mine in Alaska Is as Crazy as It Sounds
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 […]
Export-Market Downturn Spells Trouble for Proposed Alaska Coal Mine
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 […]
April 2015 Chuitna Letter From 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 […]