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Coal

2.846 Posts, Pagina: « 1 2 3 4 5 6 ... 12 13 14 15 16 17 18 19 20 21 22 ... 139 140 141 142 143 » | Laatste

Omlaag ↓

voda 4 februari 2019 21:39

South African Project Halo stakes claim to acquire Guptas’ Optimum coal mines for ZAR 3.05 billion

Bloomberg reported that Project Halo, a South African group that bid ZAR 3.05 billion for Tegeta Exploration & Resources’s coal assets after it was placed under administration, said it expects the deal to go ahead and it’s unaware other offers will be entertained. “As things stand today we are the preferred bidder,” Project Halo Director Mr Paul Buckley told an IHS Markit coal conference in Cape Town. “We haven’t been notified that the process has been reopened.”

However, Optimum was a leading supplier of coal to state power utility Eskom. Glencore sold Optimum to Tegeta Exploration and Resources in 2015, and it was placed under business rescue last year after Eskom refused to renegotiate what it said was an unprofitable supply contract and issued penalties.

Miningmx reported that while formal bidding for Optimum had closed, its administrators were considering the possibility of additional offers at the request of creditors and labour unions. Eskom wants Optimum’s new owner to be able to guarantee it a long-term supply of coal, and the utility could ultimately determine who gets to buy it, Louis Klopper, one of the administrators, said by phone.

Tegeta was owned by members of the Gupta family, who stand accused of using their friendship with former President Jacob Zuma and his son Duduzane to secure business contracts. They all deny wrongdoing.

Project Halo offered to buy Tegeta’s Optimum Coal Mine, for a maximum of R2.8 billion, Koornfontein Mines for R200 million and Optimum Coal Terminal for R50 million, according to the term sheet seen by Bloomberg.

Source : Bloomberg

voda 4 februari 2019 21:39

Trader Xcoal to diversify further from US coking coal as supplies stagnate

Platts reported that major coal and met coke trader Xcoal is investing in businesses overseas and diversifying from its dominance in trading US coking coal as market supplies in the US stagnate. Xcoal, which trades over 20 million mt a year of coal and is the biggest US coal exporter, expects to grow its business trading non-US origins to a 27% share in 2019. The share of non US tons was 14% in 2018, and it has invested in coal and coke businesses in Europe and into helping finance mines in Australia, Xcoal President Mr Jack Porco told the Coaltrans USA conference in Miami.

Porco highlighted while US met coal exports have strongly rebounded since a low over the past three years, the prospect for further supply growth is constrained by logistics, geology and limited new investments.

He said that "As a result, we have to look more overseas for growth," he said.

Xcoal is actively trading Australian coals, and using offtakes to sell PCI and HCC from Queensland, and expanding in stock and sale business in France and Central Europe blast furnace and foundry coke trade via new units based in Paris and Essen, Germany.

He added that met coal demand is linked to economic growth, while thermal coal demand in Asia continues to grow with electricity demand and penetration.

He further added that US met coal exports to China have been throttled by the US-China trade war and 25% price tariffs imposed on US coals since mid-2018, but this is not the major problem for US coking coal.

Source : Platts

voda 4 februari 2019 21:42

Another coal mine disaster, 3 dead, 1 missing in state-owned mine in Bengal - Report

Hindustan Times reported that at least three villagers died when a portion of a coal mine caved in on them in the Barjora area of West Bengal’s Bankura district, about 178 km from Kolkata. The incident took place 48 days after 15 people went missing in a flooded coal mine in Meghalaya.

Six villagers had gone down the mine when the cave-in took place. Police officers identified the dead as Biswanath Bagdi, (50), Habal Bagdi (60) and a woman, Kali Bagdi (50). Another woman Rinku Barui, 22, was missing. Two others, identified as Ranjit Bagdi and Sumitra Bagdi, were rescued and taken to the state-run Bankura Sammilani Medical College and Hospital in a serious condition. The incident took place around 8 am. The mine belongs to West Bengal Power Development Corporation Limited (WBPDCL).

Power minister Mr Sovandeb Chattopadhyay, said that “We (WBPDCL)?got the mine from Bengal Emta (a private company). However, since we are yet to get the land rights, we are unable to post security guards. It’s a very unfortunate incident.”

Source : Hindustan Times

voda 4 februari 2019 21:43

South Africa's Exxaro aims to double coal exports through Richard's Bay by 2023

Reuters reported that South African coal miner Exxaro aims to double its coal exports through the Richard's Bay export terminal by 2023, from 8 million tonnes a year at present, Nombasa Tsengwa, executive head of Exxaro's coal operations.

Source : Reuters

voda 4 februari 2019 21:44

Kibo to prioritise coal agreements in Q1 for its 150MW Benga power station

KIBO Energy said that it would prioritise discussions with potential coal suppliers to its proposed 150 to 300MW Benga power station planned for Mozambique’s Tete province. A definitive feasibility study on the power station was ahead of schedule whilst power purchase agreements with a number of potential off-takers were also being held. Kibo and its partner, Mozambique’s state-owned Termoelectrica de Mozambique de Benga SA, also recently renewed a memorandum of understanding.

The Benga power project was “ in direct vicinity” of various thermal coal producers, which could be a source of feedstock, the company said.

It said in an announcement “As an investment opportunity, it is defined by the urgent requirement for power by the mining industry in the region, notably the major mining operations, as well as the general need for energy in Mozambique.”

Louis Coetzee, CEO of Kibo Energy, said that “An aggressive work programme for 2019 is underway; we look forward to updating shareholders on continued developments at Benga.”

Source : Miningmx

voda 4 februari 2019 21:44

Eskom to invest ZAR 10-ZAR 12 billoin in cost plus coal mines over 5 years - COO

BusinessLive citing COO of Eskom, Mr Jan Oberholzer, as saying that South African power utility, Eskom, intended to invest ZAR 12 billion in cost plus coal mines in order to secure the quality of the fuel for its power stations. Cost plus coal mines are facilities where the capital cost is funded by Eskom in return for guaranteed coal offtake at prescribed qualities. The efficiency of Eskom’s fleet is, to an extent, informed by the grade of coal it is supplied. In terms of cost plus contracts, when a coal resource has to be expanded in order to sustain supply, Eskom funds the expansion. It is also charged coal at a certain percentage above cost of production.

Mr Oberholzer said that “Over the next five years, we will invest between R10bn and R12bn on them.” He said that This would not just secure supply, but also ensure the power plants receive the correct quality of coal. He was speaking at the IHS Markit South African Coal Export Conference. Coal supply has been a thorny issue for Eskom, especially in the wake of a strategy unveiled by former CEO, Brian Molefe in 2015 in which he said cost plus mines would have to compete for short-term tenders once their contracts had expired. He also said Eskom preferred not to invest in their capital expansions.

BusinessLive quoted Mr Oberholzer as saying that this, and supply interruptions at the mines owned by the failed Tegeta Exploration & Resources, contributed to a shortage of coal at the end of last year. Oberholzer told the IHS conference that most of these supply deficits had been resolved. There were now only three power stations with less than 10 days of coal supply. This was in line with comments by the chief economist of the Minerals Council of South Africa, Henk Langenhoven, yesterday in which. He said that “The coal supply shortages have been mostly sorted out by Eskom”.

Mr Oberholzer that “Over the next five years, we will invest between R10bn and R12bn on them. This would not just secure supply, but also ensure the power plants receive the correct quality of coal. Incorrect coal quality is now compounding Eskom’s problems, with an impact of about 1,000MW. My mining colleagues are not playing ball. If you supply Eskom, please understand your responsibility to the country.”

Source : Mining MX

voda 5 februari 2019 20:12

Kibo Energy update on Benga power plant project

World Coal reported that Kibo Energy plc (Kibo), the multi-asset Africa-focused energy company, has announced an update on its 65% owned Benga Independent Power Project (Benga) in Mozambique, which includes a 150 – 300 MW coal-fired power plant, being advanced toward potential development with its joint venture partner, Termoelectrica de Mozambique de Benga S.A. (Termoeléctrica).

Highlights
A Definitive Feasibility Study (DFS) designed to confirm Benga's commercial and operational viability is progressing well ahead of schedule.
Discussions regarding Power Purchase Agreements (PPAs) with prospective off-takers continue to advance.
Negotiations with potential coal suppliers and private power off-takers progressing well; these will receive priority attention during 1Q19.
2019 work plan advancing including final grid integration study, DFS, geotechnical work, financial model, engineering, procurement, and construction (EPC) technical specifications, EPC benchmarking and award, and Environmental Impact Assessment (EIA).
Site visits included a productive meeting with the Ministry of Energy and Minerals on further development of the project.
Louis Coetzee, CEO of Kibo Energy said: "We are delighted with the rapid progress being made at the Benga project, which we anticipate will help alleviate the critical energy shortages in Mozambique. With its strong regional and governmental support, a DFS designed to confirm the project's commercial and operational viability is progressing well ahead of schedule, whilst both PPA discussions with prospective off-takers and negotiations with potential coal suppliers are also advancing. An aggressive work programme for 2019 is underway; we look forward to updating shareholders on continued developments at Benga."

As part of its long-term strategic goal to position the company as a leading regional energy player, Kibo is advancing the development of Benga in Mozambique according to plan, including the right to construct and operate a 150 – 300 MW coal-fired power plant, in tandem with its partner, Termoeléctrica. A definitive feasibility study designed to confirm its commercial and operational viability is progressing well ahead of schedule and discussions regarding a PPA with prospective off-takers continue to advance.

Notably, and most recently, the company announced the renewal of a Memorandum of Understanding (MOU) with Mozambican state-owned electric utility, Electricidade de Mocambique (EDM), to advance the financing, construction and operation of this project. Additionally, negotiations with potential coal suppliers and private power off-takers are progressing well; these will receive priority attention during 1Q19.

Benga aims to initially deliver a 150 MW coal-fired power plant and already possesses a suite of authorisations and agreements in addition to a lease title over land in the Tete province, Mozambique. By default, it will remain in compliance with relevant Mozambique legislation, which will include power, environmental and social responsibility objectives.

Source : World Coal

voda 5 februari 2019 20:31

Mechel’s Trade Port Posiet tests out thyssenkrupp coal storage sprinkler system in Russia

International Mining reported that Trade Port Posiet, part of Mechel Group’s transport division (managed by Mecheltrans Management Co), has started testing specialised equipment to suppress dust at the port’s outdoor coal storage areas in Russia. The port acquired a stationary sprinkler system for coal storage from thyssenkrupp as part of its technical upgrade investment project. This system consists of 22 automatic sprinklers that operate “as natural rain” and ensures year-round dust suppression in the production area. The system’s water discharge rate is up to 96 cu.m/h. The first four sprinklers have been assembled, connected to a 2.9-km trunk pipeline and checked for pressure integrity, according to Mechel. After these tests, the port’s staff pronounced the first sprinkler line ready for launch. To prevent mechanical damage, the port constructed concrete safety barriers separating the sprinklers and haul roads.

The launching of the stationary sprinkler system at the port’s storage areas is the latest stage of the company’s efforts to upgrade the port’s infrastructure and reduce its environmental impact, Mechel said. It is due to be launched in the March quarter.

Mecheltrans Management Company OOO’s Chief Executive Officer, Mr Alexey Lebedev, said that “A work zone sprinkler system is an efficient instrument widely used in specialised terminals dealing with loose goods. What is important is that the sprinkler system will be managed from a central dispatch. A special program will determine the sprinkler operating algorithm that would be the most effective in suppressing dust at any given moment. In addition, the trans-shipment complex’s operator will finetune the sprinkler system’s work, depending on the wind’s strength and vector, the state of handled coal and other factors. This way we will ensure accurate control of the dust suppression system.”

Trade Port Posiet’s technical upgrade project includes various ways of reducing the port’s impact on the environment. Coal is currently unloaded by railcar dumpers in a closed space equipped with de-dusting systems that rule out the chance of dust escaping into the open air. In the winter, railcars with thawed coal are moved after defrosting into the railcar dumper facility via a covered conveyor gallery. Coal transfer stations are also equipped with de-dusting systems. Conveyor lines are additionally equipped with metal galleries to protect the environment from coal dust. As coal is transferred into storage areas, it is moistened by a water dispersion system installed on stacker/reclaimers.

Source : Internationla Mining

voda 5 februari 2019 20:32

South Africa’s main coal export port Richards Bay Coal Terminal declined 4pct - CEO

Mining Review Africa reported that coal exports out of South Africa’s main coal export port Richards Bay Coal Terminal declined 4% to 73.5 Mt and according to RBCT Mr CEO Alan Waller, was not due to operational issues but was the result of weaker global demand. This decline occurred despite the main off-taker of South African coal, India (which received 48% of RBCT exports), having an unusually strong year for coal imports in 2018. The South African coal industry however remains optimistic about the long-term future of the nation’s exports. Rail freight company Transnet is intending to expand rail capacity to Richards Bay to 97.5 Mtpa, despite RBCT failing to meet its target of 77 Mt in 2018.

This plan seems optimistic to say the least. In 2018 the Institute for Energy Economics and Financial Analysis (IEEFA) published an analysis of the long-term future of Australia’s thermal coal exports which highlighted there is already excess capacity at the world’s largest coal export terminal in Newcastle. This pressure will only increase as Asian imported coal demand declines into the future.

Before South Africa became reliant on Asian off-takers, most of its exports went to Europe. With Germany now adding its name to the list of European countries committed to phasing out coal, the 7 Mt of coal that left RBCT for Europe in 2018 looks set to decline further.

India
With almost half of RBCT’s exports going to India, the future of South African coal exports is inextricably linked to the future of the Indian power generation market which is undergoing an unprecedented energy transformation.

During the nine months through December 2018, India installed 40 times more renewable energy capacity than thermal power capacity. Net thermal power installs reached only 120 MW over this period as coal plant closures almost matched new installations.

India’s National Electricity Plan accepts that renewable energy will be responsible for the great majority of new capacity additions out to 2027.

Electricity demand is still growing fast in India hence the unexpected, sudden decline in net coal-fired power plant additions will see coal plant utilisation rates increase from current unsustainably low levels. However, it is the intention of the Indian government that any increased coal demand be fulfilled by domestic coal in the long term.

This makes all the more sense given the financial plight of Indian thermal plants that use imported coal. The unexpectedly high cost of coal imports has left around 10 GW of coal power plants on India’s west coast unviable and in need of a bailout that will see consumers burdened with higher tariffs and bad debt write-offs for the major Indian banks.

India is one of the nations, globally, that is most dependent on fossil fuel imports, which is a major energy security headache for the Indian government. Domestic coal production is increasing and the government remains committed to reducing thermal coal imports.

Pakistan
Neighbouring Pakistan was the destination of almost 13% of 2018 exports from RBCT, making it the second largest export destination. A Chinese-financed programme of coal-fired power development in Pakistan means this nation is seen as a key growth market for the coal industry. It seems increasingly likely that this growth will end up being disappointing to the coal export industry.

In December 2018, IEEFA published a report that concluded a rapid increase in the utilisation of Pakistan’s excellent renewable energy resources is entirely achievable, modelling almost 30% of generation coming from wind and solar by 2030.

Furthermore, there is increasing anxiety about the burden of fossil fuel imports on the nation’s fragile economy. In December 2018, the Energy Minister of Pakistan’s Punjab province expressed a wish to convert the newly built Sahiwal coal power plant from imported to domestic coal.

South Korea
RBCT’s third largest export destination was South Korea, a nation that has a long-term plan to move away from coal-fired and nuclear power generation towards LNG and renewables.

South Korea’s total coal imports from South Africa declined 5.5% in 2018. The South Korean government aims to encourage a switch from coal to LNG and renewables with significantly increased taxes on coal imports.

In addition, South Chungcheong province, home to around half of South Korea’s coal-fired power plants, is intending to move away from coal even faster. The province is already a member of the Powering Past Coal Alliance – a global alliance of governments, businesses and organisations transitioning away from coal.

Other regions
Other nations with potential coal demand growth may also disappoint the South African coal export industry.

Bangladesh’s largely Chinese-financed coal-fired power build-out is badly delayed. Meanwhile, a China-backed coal-fired power proposal for Kenya continues to face strong local opposition as new energy technology makes inroads.

And China’s plan to build a huge, 6.6 GW coal plant in Egypt for just $4.4bn looks hopelessly optimistic given South Africa’s badly delayed Medupi and Kusile coal-fired power stations (both 4.8 GW) are expected to cost more than USD 20bn combined. A 2019 IEEFA report highlighted China’s determination to push its coal-fired power construction capacity onto other developing Asian and African nations now that opportunities to build coal plants at home are drying up.

Southeast Asia is often highlighted as a major growth area for coal demand but the continuing advance of renewable energy calls this into significant question. In any case, South African coal exporters are likely to find very strong competition from Australian and Indonesian exporters in this region, especially as those countries start seeing import demand decline in North Asia.

With the global energy transition well underway, South African coal’s major export markets set to decline or disappoint, and domestic offtake opportunities in the long term made all the more uncertain by state-owned utility Eskom’s severe financial stress, a more realistic view of the future is required.

Source : Mining Review Africa

Bijlage:

voda 5 februari 2019 20:35

CIL and subsidiary companies production & offtake performance

Voor cijfers, zie bijlage (pdf)

Source : Strategic Research Institute

Bijlage:

voda 5 februari 2019 20:36

American Miners Act of 2019 - Bill aims to secure help retired coal miners

CNHI News reported that a recently introduced piece of legislation - the American Miners Act of 2019 - is aiming to secure the nation's retired miners' pensions and health care.

Introduced by US Sens. Joe Manchin, D-WVa, Tim Kaine, D-Va, Mark Warner, D-Va, Sherrod Brown, D-Ohio, Doug Jones, D-Ala, and Bob Casey, D-Pa., the bill would:

1. Amend the Surface Mining Control and Reclamation Act of 1977 to transfer funds in excess of the amounts needed to meet existing obligations under the Abandoned Mine Land fund to the 1974 Pension Plan to prevent its insolvency due to coal company bankruptcies and the 2008 financial crisis.

2. Extend the Black Lung Disability Trust Fund tax at $1.10 per ton of underground-mined coal and $0.55 per ton of surface-mined coal for 10 years.

The release said the tax is critical for supporting the Black Lung Disability Trust fund, which provides healthcare and benefits to more than 25,000 miners and their dependents.

3. Ensure that the miners who are at risk due to 2018 coal company bankruptcies will not lose their health care.

Mr Manchin said in the release "Our coal miners made a commitment to provide our nation with the energy we needed to power our nation to prosperity. They did so time and time again even when it risked their health and their lives. It is our turn now to keep our promise to them and ensure that we secure their hard earned pensions and their promised healthcare and black lung benefits. We cannot continue to allow these solutions to be put off again and again. Our retirees and their widows deserve better than that."

He said that for many retired miners, their pensions and health care benefits make all the difference. Without these benefits, he said some would have to choose between paying their mortgage or being kicked out of their home, or putting food on their tables or going hungry.

He added that "I look forward to working with my colleagues on both sides of the aisle to finally secure our miners pensions and healthcare."

Source : CNHI News

voda 5 februari 2019 20:38

US coal production capacity down by 25pc since 2007 – EIA

An Energy Information Administration analyst said that US coal production capacity has fallen by a quarter since 2007 – to around 1 billion short tonne per year amid weaker domestic demand. The decline came despite a relatively buoyant export market, with the country’s overseas sales rising 19m tons last year, to 116m tons.

EIA senior economist Fadi Shadid, at the Coaltrans USA conference in Miami, said that The only “good news” was in the Central Appalachian region, where production capacity rose 27% last year to 131m tonne.

Source : Strategic Research Institute

voda 5 februari 2019 21:02

Coal still in high demand globally - Mr Bayoglu

IOL reported that although, the world is switching to renewable energy there is still a big demand for coal around the globe. This is according to Canyon Coal’s executive chairperson, Mr Vuslat Bayoglu speaking at the 14th Annual Southern African Coal Conference at the Westin Hotel. Mr Bayoglu was part of panel participating in a session for Southern African Coal Leaders Summit. Presenting a slide showing the total coal consumption for 2017 among the biggest users he said China consumed 3 500 million tons followed by India using 1 000 million tons and the US and Europe using slightly less.

Mr Bayoglu said that “There is a big demand for coal, we can’t really deny it. We all like renewables, we would like to have more renewables but the reality is that the world is using to coal to power the country.”

He added that there were 1 600 new coal plants in 62 countries around the world. He said that “If you look at this map, US, Europe, China, especially south east Asia and Africa, all over the world there are new coal plants being built. If you look at the coal mining industries in the world. Like RioTinto sold their coal mines and Anglo America sold their Eskom coal supplying mines, South32 is in the process of selling theirs.

He said that "Who is going to supply their coal to the world? So it is a big question right, there are people here from different parts of the world who wants to buy coal. Do you think they want to buy coal from one company? Is it healthy? There is only one company here who is growing and we all know who that is (Exxaro, South Africa’s biggest coal producer).”

He added that it is important to have a healthy supply and coal mining is not a bad industry and the world needs it.

He further added that “It is not all bad on the coal side, technology with carbon captive storage there are facilities all over the world accept Southern Africa and with more investment in carbon captive storage, the world can deal with co2 emissions.”

Source : IOL

voda 6 februari 2019 19:59

Annual coal output to reach 1.6m tons by March 20 - IMIDRO

IRIB reported citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization, Tehran Times reported that annual production of coal in Iran will reach 1.6 million tons by the end of current Iranian calendar year (March 20, 2019). The IMIDRO data put the country’s annual coal output at 1.5 million tons in the past Iranian year.

Meanwhile, as Industry, Mining and Trade Minister Reza Rahmani has previously announced, coal extraction increased 25 percent in Iran during the first nine months of the current Iranian calendar year (March 21-Decemebr 21, 2018) compared to the same period of time in the past year.

The minister said that some 1.25 million tons of coal were extracted during the nine-month period of this year while the figure was about one million tons in the same time span of the previous year.

Source : Tehran Times

voda 6 februari 2019 20:00

US coal exports take record share of production - Consultant

The CEO of Doyle Trading Consultants (DTC) told Montel, US coal exports last year made up the largest share of production in 60 years, amid diminishing domestic consumption and growing Asian demandl. “The percent of US coal going to the export market is essentially at an all-time high – it’s the highest level since the late 1950s, at 15.5%,” Hans Daniels said on the sidelines of the Coaltrans USA conference in Miami. He said, adding some producers therefore planned to increase 2019 production to meet strong export demand “While producers generally prefer selling to the domestic market, the export market provides a significant and currently lucrative sector for US exporters. You don’t want to put all your eggs in one basket.”

Long-term demand
He said that “If the demand is here [in the US] and it’s considered long-term demand, then certainly producers would want to cater to the domestic market first – assuming [domestic and export] prices are equal.” But an ability to export coal may also prove crucial for the survival of a mine, or mining company. “Those mines and producers that do not have access to export [infrastructure] are limited to the domestic market, and we see that there is just a declining demand sector.”

DTC figures show domestic utility demand declined by an estimated 4% last year to 637m tons (578m metric tonnes) and may slide further to 614m tons this year and 609m tons in 2020.

Daniels said that “The true opportunities are in the export market, at least right now.”

Indeed, US exports jumped by 18% to an estimated 117m tons in 2018 and would likely remain robust at 114m tons this year and 100m tons in 2020, according to DTC forecasts.

This compares with 99m tons in 2017 and just 60m tons in the previous year.

Exports to Europe
While much of the coal would be shipped to meet an increased Asian appetite for US high-sulphur coal – particularly from India – Europe will remain an important destination, Daniels said. “Even though European coal demand is declining, European coal production is declining as well,” he said, noting German mine closures would result in a marginal upturn in import requirements. “That coal’s got to come from somewhere. It’s not a lot, but it’s likely to mean more US coal,” he said, adding the API 2 forward curve indicated US exports – at least from some producing basins – would remain a viable option for the coming few years.

API 2 prices generally needed to be between USD 60-90/t for US coal to be profitable in the European market, he said.

According to Ice Futures data, the API 2 Cal 20 was seen last at around USD 83/t and the Cal 21 was at USD 82/t. Output from the Central Appalachia generally required an export price at the top end of the range, while some Illinois Basin producers can still export at the lower levels, due to less expensive mining costs, he said.

He added that “I think you’ll see the US continuing to be a dominant player [in supplying Europe].”

Source : Montel

voda 6 februari 2019 20:01

Ministry of Coal signs an MoU with Ministry of Energy, Republic of Poland

Ministry of Coal entered into a MoU with Ministry of Energy, Republic of Poland. The MoU has been signed between Sh. Haribhai Parathibhai Chaudhary, Hon’ble Minister of State for Coal and Mines and Mr Grzegorz Tobiszowski, Secretary of State, Ministry of Energy, Republic of Poland. Additional Secretary, Ministry of Coal, Shri Suresh Kumar, and Ambassador of Poland HE Mr Adam Burakowski were present on the occasion, The objective of this MoU is to foster relations in the field of coal mining and clean coal technologies through the already established Joint Coal Working Group as well as research institutes and academia between the two countries covering the following areas.

a. To promote trade and investment in the coal sector, enhance the understanding of coal related energy issues, particularly clean coal technologies, and promote the exchange of information on policies, programmes and technologies with special emphasis on coal exploration and exploitation, research and development, technical cooperation and capacity building.

b. To review the activities implemented under MoU.

c. To identify other forms of cooperation mutually agreed upon by the Participants.

Speaking on the occasion, the Minister of State for Coal and Mines, Shri Haribhai Parathibhai Chaudhary said that India and Poland celebrated 60 years of vibrant diplomatic relations and also formalized cooperation agreements in different areas and he expressed hope that the MoU signed today would further strengthen these efforts. He also complimented the officials from Poland and India for identification of areas of cooperation and the development of this MoU after consistent engagements. He added that the MoU will greatly benefit in the field of clean technologies and would provide opportunities to both our countries to augment trade and investment in diverse areas in mining and energy sectors. He conveyed expectation that the joint working group created under the MoU would work very closely to take the aims of the MoU further in a time-bound manner. He further added that he also foresees a very strong scope for cooperation in other areas of mining in India.

Source : Stratregic Research Institute

Bijlage:

voda 6 februari 2019 20:02

Glencore coal production bounces back after Oaky North industrial action

Glencore's annual coal production of 129.4 million tonnes for 2018 was 8.8Mt or 7% higher than in 2017, reflecting the recovery in Australia from weather-related and industrial action disruption and the acquisitions of interests in Hunter Valley Operations in New South Wales and Hail Creek in Queensland. Glencore coal production bounces back after Oaky North industrial action
Glencore's Newlands mine in Queensland. The good Australian result was partially offset by lower production at Glencore's Prodeco mine in Colombia as equipment there was reallocated to additional overburden removal and mine development activities. Australian coking coal production of 7.5Mt was 23% higher than in 2017, with the company recovering production level following industrial action at its flagship Oaky North mine in Queensland.

During the year the company also sold its Tahmoor longwall coal mine in NSW. Turning to Australian thermal and semi-soft production, the company reported annual production of 72.7Mt, which was up 20% up on 2017.

This higher result reflects the production constraints experienced in 2017, which included both both weather-related events and industrial action, and the incremental tonnes from Glencore's acquired interest in the HVO joint venture.

Glencore's coal production guidance for 2019 is an increase of about 145Mt, which includes a full year's contribution from HVO and Hail Creek, and some planned ramp up and business improvement initiatives at existing operations.

Source : Mining Monthly

voda 6 februari 2019 20:02

4 coal explorers clinch tenements in the Bowen and Surat basins - Report

Mining Monthly reported that four coal explorers clinch tenements in the Bowen and Surat basins. those areas are located near Moranbah, west of Mackay, Blackwater west of Rockhampton, and Taroom, west of Maryborough. All are close to existing mines or mining leases. Queensland Mines Minister Dr Anthony Lynham announced the successful tenderers for coal and minerals tenders in the Queensland North West Minerals Province and the Bowen and Surat basins.

Dr Lynham said that "Unlocking land for resource exploration - whether it is to uncover coal, gas or minerals - is vital to continuing resource development, whether it's for mining jobs or royalties to fund our hospitals and schools. Exploration is essential for Queensland to keep up with the world's thirst for tech minerals and our own manufacturing sector's ongoing need for high-quality base metals. New coal deposits offer energy security and a long term economic future for all Queenslanders."

The tenders came on the back of Queensland's record 223 million tonnes of coal exports last year, and a recent major geological report that shows Queensland is sitting on almost double the amount of coal than was last known.

The report reveals Queensland has 63Bt of raw coal in-situ - an increase of about 29Bt on the previous estimate.

Dr Lynham said this included more than 14Bt of coking coal - essential to the production of steel for the building and manufacturing sectors. All explorers have to negotiate land access agreements and fulfil all existing environmental and Native Title requirements before they are granted exploration permits. These tenders complete the Queensland Government's 2017-18 Annual Exploration Program released in October 2017.

Source : Mining Monthly

voda 6 februari 2019 20:03

India's ramps up spending on coal exploration as it slashes funds for mine safety

According to the budget document released, the Indian government will increase spending on exploration of coal and lignite by 20 percent in the coming financial year but will slash funding for coal mine safety and conservation. India is one of the world's largest consumers of coal and rising imports of the fuel are adding to a burgeoning trade deficit, prompting the government to invest in developing more domestic resources. The document for the 2019-20 budget showed, in the 2019-20 financial year that begins in April, the government aims to spend INR 6 billion on exploration of coal and lignite. At the same time, it will cut spending on conservation, safety and related infrastructure development by about a third from last year to INR 1.35 billion rupees.

India is one of the most dangerous countries in the world to be a coal miner, with one miner dying every six days on average in 2017, according to government data, but this will be the second straight year that the government has cut spending on safety.

The coal ministry said that coal companies had their own safety budgets.

State-run Coal India Ltd has a near monopoly, producing over four-fifths of the country's coal output. It allocated 8.6 billion rupees for safety-related expenditure for the year ending March 2019, up from 8 billion rupees a year earlier, the ministry said in an emailed statement to Reuters. It did not say how much it would allocate for safety-related spending in 2019-20.

Source : Reuters

voda 7 februari 2019 20:09

Top 3 PSU coal miners' capex to rise 15pct in FY20 - Report

ET reported that state-owned Coal India, Neyveli Lignite and Singareni Collieries will have a capex of INR 20,121 crore in 2019-20, 15 per cent more than the previous fiscal, according to the interim budget. According to the Expenditure Budget, this spending would be part of internal and extra-budgetary resources (IEBR) of the central public sector undertakings. Plan outlay of the Centre consists of two distinct parts: a part implemented directly by ministries concerned and departments; and the other through investment by state-owned entities in respect of their own plan projects and programmes. Investment by state-owned companies is financed either through budgetary support provided by the Centre, which is part of the total plan outlay and IEBR raised by state-owned companies on their own.

IEBR comprises internal resources and extra-budgetary resources. Extra-budgetary resources are the sum of domestic and foreign loans raised directly by the companies.

Broadly, the internal resources comprise retained profits -- net of dividend to government, depreciation provision and carry forward of reserves and surpluses. Extra budgetary resources consist of receipts from the issue of bonds, debentures, external commercial borrowing, suppliers’ credit, deposit receipts and term loans from financial institutions.

The Expenditure Budget stipulates that Coal India would be spending Rs 10,000 crore on capex in 2019-20, against Rs 9,500 crore during the current fiscal. If achieved, this would be a 5.2 per cent growth.

Neyveli Lignite would be investing around Rs 8,271 crore during 2019-20 against a planned capex of Rs 6922.34 crore during 2018-19. When achieved, capital expenditure would increase 19.4 per cent during the period.

Singareni Collieries would be investing Rs 1,850 crore during 2019-20 against planned capital expenditure of Rs 1,100 crore during 2018-19. If the company manages to meet its investment targets, it would be achieving a near 68 per cent rise in capex.

A senior Coal India executive said that “This money for Coal India would be financed either from internal reserves or from borrowings. With internal reserves on the decline following payments of dividend and expenditure on share buyback Coal India may need to borrow funds from the market to finance its projects.”

The executive said that "The capex would be for opening up new mines, taking up new projects and setting up additional infrastructure facilities. For example, Coal India would be opening up a few new mines in its command area, and would be investing in setting up infrastructure as well as investment in new projects like coal bed methane and invest in railways projects as well as coal handling plants.”

Source : ET

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