Energie « Terug naar discussie overzicht

Coal

2.845 Posts, Pagina: « 1 2 3 4 5 6 ... 86 87 88 89 90 91 92 93 94 95 96 ... 139 140 141 142 143 » | Laatste
voda
0
JSW's Coal Output Hit by COVID-19 Measures

European Union's biggest coking coal producer Poland's JSW has reported a 40% drop in output this week after it reduced the number of shifts and many miners remained at home because of the coronavirus outbreak as the group introduced measures to reduce infection risk for its 30,000 workers. Miners have their temperature checked before they start work and the number of workers in mineshafts, bathrooms and cloakrooms have been reduced. Absence levels have exceeded 30% and are comparable with holiday seasons. JSW is also ready to separate some of its key workers so they can live temporarily on mine premises to ensure production remains stable above minimum requirements.

Despite the fall in production, the company said it is able to fulfil contractual orders thanks to high stockpiles.

Though Poland has implemented a number of restrictions on citizens to combat the virus, the mining sector has continued working to provide fuel for the country's power needs and steel industry. Poland has reported 2,554 coronavirus cases with 43 deaths as of April 1st.

Source : Strategic Research Institute
voda
0
Mechel Calls for Debt Claim Relief Extension

Reuters reported that Russian steel and coal producer Mechel has asked its creditors to extend a debt claim relief deal, signalling that lengthy restructuring talks were nearing an end. A company representative told Reuters “Mechel has approached the banks with an offer to extend the waivers until the implementation of its restructuring, and discussions about this restructuring are currently in their final stages.”

Gazprombank said it was ready to extend the waiver by one more month. Deputy Chairman Tigran Khachaturov said “We plan to give Mechel the chance to reach an agreement with all sides.”

VTB said it was considering a request from Mechel, which last year said that it would be unable to begin debt repayments in 2020 and entered a fresh round of talks with creditors.

Mechel confirmed in March that it was in talks to sell its Elga coal project, one of the world’s biggest coking coal deposits, as part of the latest round of talks. The company agreed this year with its main creditors, Gazprombank and VTB, that they would not demand any early repayments but these debt claim relief deals were due to expire on April 1 and March 31.

Source : Strategic Research Institute
voda
0
Whitehaven Coal Appoints Mr Ian Humphris as Executive General Manager Operations

Whitehaven Coal Limited announced the appointment of Mr Ian Humphris as Executive General Manager Operations effective from 6 April 2020, succeeding Quentin Granger, who has held the role on an interim basis since December 2019. Mr Humphris brings with him more than 20 years’ experience in the resources sector, with a diverse and deep background across open cut and underground operations. Mr Humphris joins Whitehaven from Peabody Energy Australia, where he held a broad range of senior roles covering many aspects of that business. Most recently he was the Vice President - Health, Safety and Environment and previously held similar level roles managing the company’s open cut operations, supply chain and infrastructure assets. He began his career in resources as a mining engineer in various Queensland mines before transferring to the New South Wales Coalfields and working in senior roles for both mine owner and mining services provider, Thiess.

Mr Granger will remain with the Company until the end of the Financial Year and assist with Mr Humphris’ integration into the management team and the business more broadly.

Source : Strategic Research Institute
voda
0
SECL Produces 150 Million Tonne of Coal in FY20

Bilaspur headquartered South Eastern Coalfields Limited has produced 150.545 million tonnes of coal in the financial year 2019-20, retaining the top spot among Coal India Limited entities, contributing 25 per cent to the 602.14 million tonnes coal production of CIL. SECL CMD AP Panda said “The dedication of miners given the crises prevailing in the country was overtly evident in the annual figures of coal production. The country is under lockdown and in these tough times also, SECL miners had been relentlessly working to meet coal requirements of the nation.”

The second largest coal producing subsidiary of CIL was over 10 million tonnes behind SECL and the third was over 42 million tonnes short of SECL’s output.

Source : Strategic Research Institute
voda
0
Union Calls for INR 50 Lakh Insurance for Coal Workers

PTI reported that INTUC-affiliated trade body Indian National Mineworkers’ Federation has put forth a demand before Coal India that all workers irrespective of activities they are involved in, should have an insurance cover of INR 50 lakh in case of death due to Covid-19. INMF chairman Pramod Agrawal wrote in a letter to CIL “All coal workers who are deployed for any activities including production, washing, transportation…during lockdown period and even thereafter till Covid-19 pandemic ceases, be insured for a minimum of INR 50 lakh against unfortunate death out of coronavirus.”

INMF said that it supports and endorses contribution of one-day salary to combat Covid-19 pandemic. It said “However, INMF is of strong view that at least equal or matching amount if not more be added by company for CSR Fund.”

Source : Strategic Research Institute
voda
0
Mongolia Exports 90,000 Tonnes of Coal to China in March

Mongolian Customs General Administration said that Mongolia exported some 90,000 tonnes of coal to China in March. The coal exports were transported to China via four border points, namely Gashuunsukhait, Zamiin-Uud, Shiveekhuren and Khangi. An official said “We are now working to reopen four more border points, namely Bichigt, Bayankhoshuu, Burgastai and Bulgan in order to increase exports.”

The country resumed exporting coal to China in mid-March after a halt beginning February 10 due to the COVID-19 pandemic.

Source : Strategic Research Institute
voda
0
Teck Resources Cuts Coal Production

Teck Resources is temporarily cutting staff and production at its BC operations and has been forced to adjust its first quarter guidance. Teck’s first quarter sales of metallurgical coal actually exceeded expectations, , with sales exceeding its first quarter expectations of 4.8 million tonnes by 40,000 tonnes. Teck expects met coal production to decline 80% to 85% over a two-week period. Teck CEO Don Lindsay said “Notwithstanding the challenges in the month of March related to COVID-19, all of our operations remain in production and our steelmaking coal results significantly exceeded guidance.”

A new processing plant being built at its Elkview mine, which is shut down for the expansion, is still on schedule for completion this month, the company said.

Source : Strategic Research Institute
voda
0
Coal India Production Falls Short of Target by 9%

State owned Coal India Limited produced 602.14 million tonnes of coal in FY 2019-20, missing the target of 660 million tonnes for the year by 9% despite an all-time high production of 84.36 million tonnes in March 2020, up by 6.5% YoY. Incidentally, by producing 3.85 million tonnes of coal on March 30, CIL has set up a new record for the highest-ever production in a day since its inception. Two of the CIL's subsidiaries Northern Coalfields Ltd and Western Coalfields Ltd surpassed their respective annual production targets of 2019-20, achieving 102 per cent and 103 per cent of their respective targets. While NCL produced 108.05 million tonnes for the fiscal, WCL's output was 57.64 million tonnes. Meanwhile, SECL, another arm of CIL, claimed that it produced 150.55 million tonnes of coal in FY''20.

Coal India's pithead stock has risen to highest ever 74.56 MT offering a comfortable buffer during the ensuing summer months.

Coming back strongly in the last quarter of FY2020, CIL clocked a robust 9.9 per cent production growth compared to same quarter of 2018-19. It produced 213.71 million tonnes of coal during January-March 2020, an increase of 19.26 million tonnes in volume terms compared to 194.45 million tonnes that the company reported for the fourth quarter of FY2019.

The combined coal stock of 119.24 million tonnes at power plants and at pitheads of CIL is highest ever dispelling any notions of coal shortage in the near future.
Source : Strategic Research Institute
voda
0
Chinese Coal Output Down in Jan-Feb Dips by 6%

According to data from the National Bureau of Statistics, output of raw coal in China fell 6.3 percent year on year to 490 million tonnes in the first two months of 2020 as the novel coronavirus outbreak disrupted production, official data showed. During the January-February period, Chinese railways transported 370 million tonnes of coal, down 6.2 percent year on year, As the spread of the virus has been basically curbed in China, a majority of coal miners have restored normal operation.

By the end of February, coal stockpiles at the country’s major power plants were adequate for 27 days of consumption, the data showed.

Source : Strategic Research Institute
voda
0
Contura Energy Announces Temporary Operational Changes

Leading US coal supplier Contura Energy Inc announced temporary operational changes in response to market conditions, existing coal inventory levels, and recent customer deferrals due to concern around the global economic impact of the coronavirus pandemic. Beginning April 3, 2020, the majority of Contura operations will be idled for a period of approximately 30 days, with some sites idling for shorter periods of time and a few continuing to operate at a near-normal rate of production. Location-specific schedules are being implemented based on existing customer agreements, current inventory levels, and anticipated customer demand. Certain preparation plants, docks, and loadouts will continue operating to support business needs and customer shipments.

Regardless of production schedule or idle status, all Contura operations will continue to be monitored and maintained with regard to safety and environmental compliance.

In connection with these changes and the continued uncertainty around the impact of the coronavirus, Contura is also withdrawing its previously announced guidance for 2020.

Source : Strategic Research Institute
voda
0
CIL WCL Slashes Coal Auction Price of Specific Mines

Coal India Ltd subsidiary Western Coalfields Limited has taken a step to slash down its coal auction floor price by 10 per cent of its specific mines. The reduced auction price will apply for coal of Mine Specific Source for all auctions to be conducted by WCL only in April 2020. This will help both power and non-power consumers to get coal at reduced price.
WCL had identified 11 out of its total 66 mines in November 2019 to be Mine Specific Source especially for use of power plants at an additional add-on price of Rs 450 over notified price. These 11 mines include 8 Greenfield- Dinesh, Makardhokra I. Gokul. Bhanegaon, Singhori, Penganga, Yekona, Pauni II and 3 Brownfield- Mungoli, Niljai, Gondegaon were opened in the last 5 years to provide coal to power consumers of Central, Western and Southern India at their doorstep at cheaper landed price. Earlier these power plants were getting coal from mines located in Eastern India which was costly due to extra railway freight. With opening of new projects by WCL, coal became cheaper for these plants to the tune of INR1,000 per tonne on an average. Under a policy WCL requested power entities to share this gain by adding Rs 450 per tonne over notified price for these 11 specific mines. No change in pricing was done for remaining 55 mines.

All linked power plants including State Gencos of Maharashtra, MP, Gujarat, Karnataka and other private power plants are getting coal at specific add on price from these 11 mines. Coal from these specific mines are also auctioned under Special Forward e-auction for power consumers for those units who are either not linked to Western Coalfields Limited or they need more coal in excess of their defined linkage quantity. Such auction is being done at a floor price 18 per cent over notified price. Similarly left over coal from these mines are also offered under Spot e-auction to non-power consumers at a floor price 30 per cent over notified price. For mines other than these specific mines, Special Forward e-auction is done at 25 per cent over notified price and 40 per cent above notified price in spot e-auction.

Source : Strategic Research Institute
voda
0
SouthGobi Resources Announces Q and 2019 Unaudited Results

SouthGobi Resources Ltd announced its unaudited financial and operating results for the quarter and the year ended December 31, 2019. Operating Results – The Company’s sales volume increased from 2.8 million tonnes in 2018 to 3.7 million tonnes in 2019. The average selling price of coal in 2019 decreased from $37.1 per tonne in 2018 to $34.9 per tonne in 2019. The decrease in the average selling price was principally attributable to (i) a change of the Company’s product mix, as sales of premium semi-soft coking coal represented a smaller proportion of total sales in 2019; and (ii) a higher portion of sales made at the mine gate instead of transporting the coal to the Company’s Inner Mongolia subsidiary and selling to third party customers within China.

Financial Results – The Company recorded a $29.8 million profit from operations in 2019 compared to a $10.5 million loss from operations in 2018. The improvement in profit from operations was principally attributable to (i) a lower provision for doubtful trade and other receivables being made during the year ($0.5 million and $20.9 million for 2019 and 2018, respectively); and (ii) increased sales volume.

Impact of the COVID-19 Pandemic – The Company was informed that effective as of February 11, 2020, the Mongolian State Emergency Commission closed Mongolia’s southern border with China in order to prevent the spread of COVID-19. Accordingly, the Company suspended coal exports to China since February 11, 2020 as a result of the border closure.

On March 28, 2020, the Company learned that the Mongolian-Chinese border was re-opened for coal export on a trial basis, with a limit imposed on the total volume of coal that is permitted to be exported during this trial period. As of the date hereof, the Company has not received any formal communication from the Mongolian State Emergency Commission regarding the details of the re-opening of the border crossings on a trial basis, including the estimated length of the trial period and the proposed limitations on the coal export volume into China during this trial period. There can be no guarantee, however, that the Company will be able to continue exporting coal to China during this trial period, or the border crossings between Mongolia and China will be fully reopened in a timely manner or at all and, if the border crossing is fully re-opened in the future, the border crossings would not be the subject of additional closures as a result of COVID-19 in the future.

The border closure has had, and will continue to have an adverse impact on the Company’s sales and cash flows in the first and second quarter of 2020. In order to address the financial impact of the border closures and preserve its working capital, the Company ceased major mining operations (including coal mining activities), reduced production to only coal-blending activities and placed approximately half of its workforce on furlough effective as of February 2020 until further notice. The Company anticipates that its existing coal inventories are sufficient to satisfy expected sales demand for a period of at least 2 months as of the date hereof. The Company will continue to closely monitor the development of the COVID-19 pandemic and the impact it has on coal exports to China and its operations as a whole.

Source : Strategic Research Institute
voda
0
11 Killed in Explosion at Veracruz Coal Mine in Colombia

Eleven people died and four were injured following an accidental explosion at a coal mine in Colombia’s central Cundinamarca department. The incident took place at the Veracruz coal mine, a legal operation located in the Cucunuba municipality. According to the governor of Cundinamarca, Nicolas Garcia, the explosion was caused by the accumulation of gases where 22 miners were working.

Mining activity was included in the exceptions allowed by the decree of the national government. After the accident was made public, the National Mining Agency announced a halt to all underground coal mining operations in Cucunuba.

Last Friday, six other miners died after an explosion at a mine in Norte de Santander, on the border with Venezuela. Only one survived and was transferred to the city of Cucuta.

Source : Strategic Research Institute
voda
0
Coal India Subsidiaries Set Up 1,509 Isolation Beds in Eight States

State-owned CIL's subsidiaries have set up 1,509 isolation beds in eight states in the fight against the COVID-19 pandemic. Of the 1509 beds, Coal India arm Mahanadi Coalfields Ltd has set up a maximum of 664 beds at its hospitals in places like Bhubaneswar, Angul, Jharsuguda, Sambalpur, and Sundargarh in the state of Odisha. Besides, Northern Coalfields Ltd has come up with 200 isolation beds in Madhya Pradesh and Uttar Pradesh. Bharat Coking Coal Ltd has set up 100 beds, Central Coalfields Ltd 180 beds, Eastern Coalfields Ltd 144 beds, South Eastern Coalfields Ltd 132 beds, Western Coalfields Ltd 75 beds and North Eastern Coalfields Ltd 14 beds.

The eight coal-bearing states are Jharkhand, West Bengal, Odisha, Madhya Pradesh, Uttar Pradesh, Chhattisgarh, Maharashtra, and Assam.

The subsidiaries have also distributed more than 3.3 lakh face masks to people in and around the coal mines, the official added.

Source : Strategic Research Institute
voda
0
Buffalo Coal Appoints Ms Emma Oosthuizen as Chief Executive Officer

The board of directors of Buffalo Coal announce the appointment of Ms Emma Oosthuizen as the new chief executive officer of Buffalo Coal. Ms Emma had been serving the Company in her position as interim CEO since February 11, 2019 following the resignation of the previous CEO. Emma joined Buffalo Coal in March 2018 as VP: Finance and was subsequently appointed as chief financial officer of the Company on October 15, 2018. The Board is confident that Buffalo Coal, under the leadership of Emma along with its recently appointed CFO, Willie Bezuidenhout, and the existing management team, will continue to focus on executing the Company's strategy.

Buffalo is a coal producer in southern Africa. It holds a majority interest in two operating mines through its 100% interest in Buffalo Coal Dundee, a South African company which has a 70% interest in Zinoju. Zinoju holds a 100% interest in the Magdalena bituminous mine and the Aviemore anthracite mine in South Africa.

Source : Strategic Research Institute
voda
0
Indonesia Lowers Benchmark Thermal Coal Price for April

Energy and Mineral Resources Ministry announced that the Indonesian government set its coal benchmark price for April at USD 65.77 per tonne, down from USD 67.08 per tonne last month. It said “The benchmark price COAL-HBA-ID dropped from a month earlier due to lower electricity consumption in importing countries, as the global coronavirus outbreak disrupts economic activity.”

The HBA is a monthly average of the Argus-Indonesia Coal Index (ICI-1), the Platts Kalimantan 5,900 assessment, the Newcastle Export Index and the globalCOAL Newcastle index from the previous month.

Source : Strategic Research Institute
voda
0
Coal production in Wyoming falls in Q1 2020

U. Energy Information Administration data showed that coal production across Wyoming continued to tumble throughout the start of the new year, with output during the first quarter setting a new two-decade low. Wyoming coal mines produced 54.6 million tons of coal, a sharp 10.8 million tons less than this time last year.

The coal industry has faced the threat of declining demand for several years, well before the coronavirus pandemic and corresponding economic collapse hit the US. Many utility customers have turned their back on thermal coal, looking toward less expensive power sources, like natural gas and renewable energy to produce electricity.

Source : Strategic Research Institute
voda
0
Russian Coal Exports in Jan-Feb Shrink By 32%

Federal Customs Service of Russia said that Russian revenues from exports of coal in January-February 2020 decreased by 32.3 percent compared to the same period of the previous year and amounted to USD 1.75 billion. In terms of volume, coal exports dropped 10.2 percent year-on-year over the given period to 26.59 million tonnes.

In 2019, Russian exports of coal increased by 2.9 percent to 205.39 million tonnes compared to 2018. Revenues, however, decreased by 6.2 percent to USD 16 billion.

Source : Strategic Research Institute
voda
0
Coal India Extends Payment Date till April 21

Coal India has extended the deadline on coal payments by consumers by two more weeks till April 21, 2020, over earlier extension till April 7. A Coal India official said “This is a difficult period. The aim is to ease the stress of the consumers.”

Coal India said it has accepted the demand from its consumers for usance (deferred payment) letters of credit that allows the buyer a grace period for payment as an additional mode along with irrevocable revolving letters of credit for coal supplied to power producers, especially independent plants.

Source : Strategic Research Institute
voda
0
Peabody Energy Cuts Workforce at 3 Powder River Basin Coal Mines

Peabody Energy confirmed it laid off three employees at North Antelope Rochelle mine and cut 10 temporary positions at the nearby Caballo and Rawhide mines. Company spokeswoman Charlene Murdock said "We routinely match staffing levels with production needs and this action is consistent with that approach.”

The three mines employed a total of 1,516 miners during final quarter of 2019. Peabody Energy's three mines in the Powder River Basin have not been producing coal at the levels they once did. They produced 27.5 million tons of coal during last year’s final quarter.

The announcement comes on the heels of a reduction of 50 temporary workers from the North Antelope Rochelle mine in March. Buckskin coal mine, owned by Kiewit Corp, also laid off 60 miners last month.

Source : Strategic Research Institute
Bijlage:
2.845 Posts, Pagina: « 1 2 3 4 5 6 ... 86 87 88 89 90 91 92 93 94 95 96 ... 139 140 141 142 143 » | Laatste
Aantal posts per pagina:  20 50 100 | Omhoog ↑

Meedoen aan de discussie?

Word nu gratis lid of log in met uw e-mailadres en wachtwoord.

Direct naar Forum

Markt vandaag

AEX 865,36 0,00 0,00% 18 apr
AMX 926,60 0,00 0,00% 18 apr
ASCX 1.189,83 0,00 0,00% 18 apr
BEL 20 3.826,58 0,00 0,00% 18 apr
Germany40^ 17.682,20 -155,20 -0,87% 08:55
US30^ 37.601,15 -412,31 -1,08% 08:39
US500^ 4.980,54 -68,71 -1,36% 08:38
Nasd100^ 17.256,72 -292,08 -1,66% 08:38
Japan225^ 37.185,98 -815,73 -2,15% 08:39
WTI 83,18 +1,10 +1,34% 08:55
Brent 88,15 +1,16 +1,33% 08:55
EUR/USD 1,0647 +0,0003 +0,03% 08:56
BTC/USD 64.720,06 +1.132,28 +1,78% 08:55
Gold spot 2.386,20 +6,83 +0,29% 08:56
#/^ Index indications calculated real time, zie disclaimer
HOGE RENDEMENTEN OP DE IEX-MODELPORTEFEUILLES > WORD NU ABONNEE EN PROFITEER VAN MAAR LIEFST 67% KORTING!

Stijgers & Dalers

Stijgers Laatst +/- % tijd
ABN AMRO BANK N.V. 15,615 0,000 0,00% 18 apr
ADYEN NV 1.442,600 0,000 0,00% 18 apr
Aegon 5,586 0,000 0,00% 18 apr
Dalers Laatst +/- % tijd
ABN AMRO BANK N.V. 15,615 0,000 0,00% 18 apr
ADYEN NV 1.442,600 0,000 0,00% 18 apr
Aegon 5,586 0,000 0,00% 18 apr

EU stocks, real time, by Cboe Europe Ltd.; Other, Euronext & US stocks by NYSE & Cboe BZX Exchange, 15 min. delayed
#/^ Index indications calculated real time, zie disclaimer, streaming powered by: Infront