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Newspaper
Chetwynd The Echo
Location
Chetwynd, British Columbia, Canada
Date
Aug 13, 2014
Page
5
Local update outlines progress on the Health Clinic and Wellness Centre with a planned spring 2015 completion. District approvals, zoning amendments, and a 1.6 million dollar structure drive the project aided by WEM material donations and ongoing fundraising efforts.
Near 20 million tonnes of production drop from world market and low prices persist amid oversupply. Second and third quarter contracts at 120 dollars per tonne mark the weakest in seven years. Closures in Australia by Vale and Glencore contrast with new expansions adding about 30 million tonnes. Met coal demand soft in China. stockpiles delay price recovery. Companies like Walter and Ridley see profits slide amid debt and lower coal shipments.
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