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The Cordova Daily Times
Cordova, Alaska
What is this article about?
Italy faces a serious coal shortage and is seeking supplies from Southern Russia's Donetz basin, estimated to hold 57 billion tons of untapped coal, to prevent a winter heating crisis. Current imports from Norfolk cost $30 per ton to Genoa.
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IS MOST SERIOUS ONE
ROME, Aug. 20 (Correspondence of Associated Press).-The Italian government is trying to obtain coal from Southern Russia so as to stave off the menace of a winter without a source of heat.
Two commercial commissions have been sent to the vast basin of the Donetz in Southern Russia where Italian experts estimated there were untouched coal lands that would yield 57,000,000,000 of tons.
The experts also say there are 174,000,000,000 of tons of coal in Siberia or in parts of European Russia outside of the Donetz basin.
It is calculated that of the coal supply of Southern Russia were properly exploited the territory would furnish all the coal necessary for the Mediterranean countries.
Coal for Italy is now quoted at $5.50 at Norfolk, Va., but it costs $30 a ton to bring it to Genoa.
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Where did it happen?
Foreign News Details
Primary Location
Italy
Event Date
Aug. 20
Outcome
coal from norfolk quoted at $5.50, costs $30 per ton to genoa; potential supply from southern russia could meet mediterranean needs.
Event Details
The Italian government is sending two commercial commissions to the Donetz basin in Southern Russia to obtain coal and avert a winter heat shortage. Experts estimate 57,000,000,000 tons of untouched coal there, plus 174,000,000,000 tons in Siberia and other parts of European Russia. Proper exploitation could supply all Mediterranean countries.