Joy Global is a leading manufacturer of underground and surface mining equipment used in the extraction of coal and other minerals. The company manufactures essential and highly specialized products such as continuous miners, longwall shearers, and roof supports critical for safety in modern mines. Read this article for more details.
China’s Coal Intensive Economy Reaches New Milestone
China’s spectacular economic growth over the past decade has been accompanied by a major increase in energy consumption. In 2009, China consumed more energy than the United States for the first time according to a report from the International Energy Agency which was discussed in a recent Wall Street Journal article. China consumed 2.252 billion tons of oil equivalent last year which was 4 percent higher than U.S. consumption. The United States was the world’s largest energy user for over a century.