1. Driven123 is the 1.8.24 post that I alluded to, in my post directly above. The poster incorrectly claimed that CKA "production targets are...2mt pa from 2026". CKA's production target (as well as the total coal quantum most likely to be produced) will be much less than 2mt in 2026!
Such misleading & false claims are, obviously, very detrimental to those (including the 9 persons who gave it 9 Upvotes) considering the merits of CKA as an investment- & they should not remain, unchallenged.
2. The very green IEA, in July 2024, has predicted that international coal usage will remain at record levels in 2024; & equal record in 2025.
(The IEA embarassed itself with its initial, previous predictions of declining coal usage in 2022, & again in 2023- the reality was record international coal usage in those 2 years).
The IEA 2024 Coal Mid Year Update said in July 2024"Driven mainly by strong growth in the People’s Republic of China and Hong Kong (hereafter, “China”) of 6%, or 276 million tonnes (Mt), and in India (9.2% or 105 Mt), global coal demand grew by 2.6% in 2023, to reach a new record of 8.7 billion tonnes. The increases in China and India more than offset significant declines in the European Union (-22.5% or -103 Mt) and the United States (-17.3% or -81 Mt)
Coal consumption grew in both electricity generation and INDUSTRIAL sectors, where the IRON and STEEL (all emphases, mine) industry is the largest consumer. Power generation from coal increased by 1.9% in 2023 to 10 690 terawatt-hours (TWh), setting a new record. As a result, coal continues to be the largest source of global electricity generation globally.
Based on our current assumptions, we expect [2024] global coal demand to remain broadly flat for the full year. However, weather, economic activity, natural gas prices and other factors could still result in slight fluctuations. This is particularly true for China’s electricity, sector which accounts for one-third of global coal demand...
At a regional level, coal demand in advanced economies is clearly on a downward trend – while in some emerging economies, further growth in demand is very likely. This leaves China as the key variable. Given the most recent data, global coal demand is expected to remain broadly unchanged in 2025 compared with 2024, at around 8.7 billion tonnes...".
Coal Mid-Year Update - July 2024 – Analysis - IEA
(Click on "Overview" in the link, for the full report)
