Great articles that explain why CAF.V(Canaf Group Inc.) anthracite coal is rare and valuable. This is why the company is very profitable and will continue to be through 2018.
All articles are from 2017-2018:
Highlights From Link:
- Anthracite is rare in the United States, accounting for less than 1% of the coal mined in the United States
- The average annual sale prices of coal at mines producing each of the four major ranks of coal in 2015, in dollars per short ton (2,000 pounds)
Anthracite is categorized into standard grade, which is used mainly in power generation, and high grade (HG) and ultra high grade (UHG), the principal uses of which are in the metallurgy sector. Anthracite accounts for about 1% of global coal reserves, and is mined in only a few countries around the world. China accounts for the majority of global production; other producers are Russia, Ukraine, North Korea, South Africa, Vietnam, the UK, Australia, Canada and the US. Total production in 2010 was 670 million tons.
Recent Article On Anthracite Coal - https://www.thebalance.com/what-is-anthracite-coal-1182544
Recent US Asset Sale To Ukraine For Coal - http://www.railwayage.com/index.php/freight/short-lines/for-rn-a-coal-fueled-record-year.html
- “Our anthracite coal business was up more than 40%, so once again, R&N is ‘The Road of Anthracite.’ This explosive growth was fueled by a late-year announcement of a major sale of Pennsylvania anthracite to the Ukraine, replacing Russian coal. Following a July announcement of the deal at the White House, R&N was told to prepare to move more than 300,000 tons of anthracite by year end. We stepped up and managed to provide all the cars needed for the business and served as many as eight different origins as the entire anthracite community pulled together to fill this huge order. We are hopeful that this business will continue in 2018.”
Kadin also hoped to cooperate with VCCI in coal production, especially anthracite coal. "So far, Indonesia has imported a lot of anthracite coal from Vietnam for iron smelting and to meet the needs of smelters," he noted. In connection with that, Ganefor hoped for a barter with Indonesia; for example, exporting aircraft, cocopeat, and others to Vietnam, while that country exports anthracite coal and others to Indonesia, with regard to balance trade between the two countries.
** Key thing to take away from this article is that they specific Anthracite coal above other commodities even though this is meant to be a general meeting**
Rare Earth Elements Could Exist In Anthracite coal