New coal mine touted by Trump opens in Pennsylvania

6/10/17
 
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from The Washington Post,
6/8/17:

President Donald Trump hailed the opening Thursday of a new coal mine as proof deregulation is helping bring jobs to the industry, even though plans for the mine’s opening were made well before Trump’s election.

Corsa Coal Corp. will supply coal used in making steel and is expected to generate up to 100 fulltime jobs. The company said it decided in August to open the Acosta mine 60 miles south of Pittsburgh after a steel industry boom drove up prices for metallurgical coal.

Democratic Gov. Tom Wolf said the mine was part of an effort to bring back jobs and industry to the state. Pennsylvania awarded a $3 million grant for the project.

“We have not always capitalized on our standing as one of the world’s leaders in these resources, but we’re changing that,” Wolf said.

Trump has made reversing the decades-long decline in coal mining the central tenet of his environmental policy, blaming federal regulations aimed at curbing planet-warming carbon emissions for job losses in the industry.

The metallurgical coal being pulled from the new mine is a niche market that makes up only between 5 percent and 10 percent of coal production and operates independently of the market for power-generating coal. Analysts emphasize that the new mine doesn’t reflect a long-term revival in the coal industry as a whole, which continues to struggle.

“The war on coal is over,” he said. “Easing the regulatory burden, lowering taxes, stimulating infrastructure spending, balancing out the interest of economic growth versus environmental policy — it’s very good for coal.”

The price of metallurgical coal tripled to over $300 a ton over the past year after China slashed its coal production and the steel industry bounced back from a global downturn.

Power-generating coal mines continue to struggle, facing fierce competition from cheap natural gas and renewable energy. Over a dozen coal-fired plants from Nevada to Massachusetts are projected to shut their doors this year, according to a report by the nonprofit Institute of Energy Economics and Financial Analysis.

“If Trump brings back the coal, it’s not going to bring back the jobs,” said Jay Apt, an energy policy professor at Carnegie Mellon University. “Those jobs are gone, automation has seen to that.”

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