PDN 1.57% $8.17 paladin energy ltd

MINING MONTHLY "Meanwhile thermal coal exports increased 34% in...

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    MINING MONTHLY
    "Meanwhile thermal coal exports increased 34% in value over the 12 months to December 2017.
    Queensland Resources Council CEO Ian Macfarlane said the Queensland treasury figures again demonstrated exports from resources were powering ahead and lifting the state’s prosperity.
    “Despite the predictions of green activists, the value of thermal coal exports surged 18% [in the December quarter] while the worth of LNG exports lifted 15%,” he said.
    “Demand for these commodities is expanding from both developing economies in Asia and established economies.”

    (ALSO India and China etc are increasing their coal production.
    WHAT DOES THIS MEAN??
    It means that renewables are not keeping up with global energy demands, so coal and gas need to provide the base load for energy consumption.
    But coal and gas are carbon polluters that's why many nations especially China, India, Middle east, Turkey, Korea, Asia, EU, USA, etc are installing more nuclear power plants to provide pollution free nuclear energy.)
 
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