Dig Deep Unearthing The World Of The Coal Market - with David Austin
In this episode we chat to David Austin, CEO, President and Chairman of the board of Colonial Coal International, a publicly traded pure-play metallurgical coal development company who hold a 100% interest in two resource-stage coal properties in the Peace River Coalfield of northeastern British Columbia, Canada.
David has a strong coal background, having previously founded Northern Energy & Mining Inc and Western Coal, so has a wealth of knowledge in the coal sector. He discusses the current coal market in more detail and what the plans are for Colonial Coal in the near term.
KEY TAKEAWAYS
- Raising capital in the early days was difficult as people shied away from the coal deal, but through resilience and perseverance, the results finally began to pay off.
- The coal quality varies for north to south. The further north you go, the better quality of coal you can expect.
- Thermal coal is used for generating power at stations producing electricity. Coking coal is used in the steel industry and is at a high premium.
- Politics and the mining sectors often collide, but when they work together, the results can create true impactful change.
BEST MOMENTS
'We started on the back foot and had to keep working at it'
'Billions of dollars were put in by the government to open up this area'
'One name we don't want to hear is thermal coal'
VALUABLE RESOURCES
Dig Deep – The Mining Podcast on iTunes
Colonial Coal - https://www.ccoal.ca/company/board-of-directors/
VALUABLE RESOURCES
mailto:rob@mining-international.org
https://www.linkedin.com/in/rob-tyson-3a26a68/
http://www.mining-international.org
https://twitter.com/MiningConsult
https://www.facebook.com/MiningInternational.org
https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJg_Q?guided_help_flow=3
ABOUT THE HOST
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
CONTACT METHOD
https://www.linkedin.com/in/rob-tyson-3a26a68/
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics