ACC Member Companies

Dutch trader Trafigura in May said it plans to spend $28mn to revive the idled Burnside terminal in Louisiana, and through a $100mn expansion raise its capacity to around 10mn metric tonnes/yr for coal, bauxite and alumina. Trafigura expects its first inbound bauxite cargos in late September, the first outbound alumina shortly afterwards and the first coal exports in early 2012.

“The US faces real constraints in supplying coal. The 20 or so terminal facilities across the country are simply maxed out. The development of Burnside as one of the country’s biggest terminals will create new opportunities to establish [...]

36 percent of the population lives below the poverty line, with an annual per capita income of $2,900.

But business is business, and Mongolia is currently weighing all offers

In 2006 Mongolia’s Mineral Law was amended to increase government royalties and licensing fees, reduce tax incentives, set duration terms for exploration licenses, and provide for up to 50 percent government ownership of strategically important resources when jointly funded by the state and private investors. On 25 August 2009 the Ulsyn Ikh Khural (State Great Hural, or Parliament) finally repealed the 68 percent windfall profit tax, effective from January 1, 2011, setting the [...]

It is time to listen to reputable experts who understand that predicting, let alone controlling, climate decades from now will remain science fiction for the foreseeable future.

It is also a mistake to blame human activities for current weather extremes. The NIPCC concluded that “the data reveal there have not been any significant warming-induced increases in extreme weather events.” The report’s authors showed that this was the case whether the phenomenon being studied was precipitation, floods, drought, storms, hurricanes, fire, or other weather-related events.

For example, the NIPCC includes a study published this year in Geophysical Research Letters about the causes of [...]