Energie « Terug naar discussie overzicht

Coal

2.846 Posts, Pagina: « 1 2 3 4 5 6 ... 81 82 83 84 85 86 87 88 89 90 91 ... 139 140 141 142 143 » | Laatste
voda
0
US FTC Objects to Peabody and Arch Coal Merger

US’s Federal Trade Commission has issued a complaint against Peabody Energy and Arch Coal in the agency’s administrative court. FTC Bureau of Competition Director Ian Conner said “That loss of competition would likely raise coal prices to power-generating utilities that provide electricity to millions of Americans. Competition between Arch and Peabody that has helped keep down coal prices would go away. Only three other companies are in a position to compete with Arch and Peabody in the basin. Meanwhile, regulatory and cost barriers for new players to come in and mine the federally owned coal are high.”

FTC said it authorized staff to request a temporary restraining order and preliminary injunction in US District Court in St Louis to keep the joint venture from occurring before an administrative trial occurs.

Wyoming Gov. Mark Gordon criticized the FTC move. He said “I believe this complaint by the Federal Trade Commission is a wrongheaded attempt to drive a nail into an industry which is struggling to adapt to a rapidly changing marketplace.”

Source : Strategic Research Institute
voda
0
Coal Production at CIL Recovers in February

Indian state owned coal miner Coal India Limited’s coal production in the first 11 months of 2019-20 declined by 1.9% YoY to 517.8 million tonne, mainly due to excessive rainfall hampering mining operations during the monsoon earlier this financial year. CIL clocked a robust production growth of 14.2% YoY for February 2020 compared to same month year ago. Coal production at 66.26 million tonnes, the highest ever for the referred month, was up by 8.21 million tonnes in volume terms. Production in its high capacity mines under South Eastern Coalfields and Mahanadi Coalfields increased 19.2% and 11.9% YoY, respectively, in February. The coal behemoth’s smaller subsidiaries Central Coalfields and Western Coalfields recorded annual increases of 20% and 26.7%, respectively.

Coal off-take has risen to 54.97 million tonnes in February 2020, ahead by 3.51 million tonnes against 51.46 million tonnes same month last year, scoring a healthy growth of 6.8%. CIL’s supply to its customers, including the power sector, fell 3.7% annually to 528.3 million tonnes in April-February, FY20.

Law and order issues in some major mines, and several employee union strikes following the Union Cabinet’s February 2019 decision to ease mining norms for private companies also hampered the world’s largest miner’s output.

Source : Strategic Research Institute
voda
0
Semirara Mining Reports 21% Dip in Income in 2019

Philippines Semirara Mining and Power Corp saw its consolidated income fall 21% YoY to PHP 9.6 billion in 2019 from PHP 12.1 billion previously despite a record coal output volume. In its coal business alone, SMPC chalked up a new record of 15.2 million tonnes, which was 17% higher than 12.9 million tonnes in 2018. The DMCI subsidiary attributed this to a combination of higher mining capacities and good weather condition. It said “Consequently, coal sales posted a record high shipment of 15.6 million tonnes, a commanding 35% increase from the 11.6 million tonnes achieved in the previous year.”

Of the coal produced in 2019, about a third went to local buyers and the rest was exported. Domestic sales went down mainly because both generators of Sem-Calaca Power Corp. underwent a life extension program and thus used less of the fossil fuel.

Source : Strategic Research Institute
voda
0
Ukraine Produced 2.5 Million Tonnes of Coal in February

The Coal Miners Union of Ukraine reported that Ukraine produced over 2.55 million tonnes of coal In February 2020, which is 0.2% less than planned. In February 2020, coal mining enterprises of Ukraine of all forms of ownership produced 2,550,125 tonnes of coal. The plan was fulfilled by 99.8%

It noted that since the start of the year, coal mining enterprises of all forms of ownership have produced 5,204,410 tonnes of coal, which is 103% of the target.

Source : Strategic Research Institute
voda
0
Ramaco Carbon Receives Second Approval for Mining Permit

The Wyoming Department of Environmental Quality has deemed a mine permit application technically complete for the second time. It's a step towards Ramaco Carbon mining between 2 and 5 million tons of thermal coal near Sheridan. In 2017, the DEQ also signed off at this stage for Ramaco's proposed Brook Mine, but issues arose from nearby landowners, a coal company with conflicting rights, and a landowners' advocacy group. The controversy resulted in a contested-case hearing in front of the independent review board, the Environmental Quality Council. A lengthy hearing process resulted in the 5-person board recommending the DEQ reject the permit with concerns around impacts to hydrology, blasting, and subsidence issues. Two and half years later, the DEQ has approved at a newly revised permit application.

Mr Jeff Barron, a consulting engineer for Brook Mine, said the application has gone through more thorough oversight, passing peer review from two districts within the DEQ and a third party engineering company. He said "The fact it has passed through so many levels of review should help ensure the local community that all issues have been considered, and they will have an operation they can feel good about.”

Ramaco Carbon CEO and chairman Mr Randy Atkins agreed saying the lengthy process should provide the general public some level of comfort. He said "We have tried to go the extra mile to ensure that everything we do will be subject to the most stringent environmental and execution in a safe and healthy manner. We hope in good time they will come to regard us as a good neighbour."

After the 60-day period, the DEQ will schedule an informal conference to hear further public comment. After both of those phases, the DEQ director will issue a final decision approving or denying the application.

Source : Wyoming Public Media
voda
0
Jharkhand Demands INR 500 Crore from Punjab State Power Corporation

Jharkhand government has sent a notice to Punjab State Power Corporation Limited to pay INR 502 crore for the utility’s overexploitation of the Pachwara coal mine in that state with a private mine operator. The amount sought is for the period before 2013, when the Supreme Court had cancelled the allocation of all mines. It was noticed, however, that PSPCL had drawn more coal than sanctioned. Over six years from 2006-2007 to 2011-12, against the 24 million tonne coal that was to be produced, as per the approved mining plan, over 37 million was actually produced and supplied (about 50% above the limit).

The PSPCL has got a notice for paying up on the behalf of EMTA, a company it had hired to run its coal operations. EMTA, on its part, has already dragged the PSPCL in court and is seeking INR 1,800 crore more for its mine operations. This private firm has also stalled mine operations, even though PSPCL was reallocated the mine in 2015, by dragging Punjab as well into the legal tangle.

The Centre had approved the Pachwara (Central) Block mine in November 2003 with mineable reserves assessed at 289 million tonne coal. The issue has cropped up now, as PSPCL’s mine operator resorted to mining of coal beyond the approved mining plan, to mint more money from the utility. At the time, PSPCL did not get any notice from anyone, including the Jharkhand government, so no one in the utility chose to address the violation. The Jharkhand government has now imposed penal charges for mining coal above the limit that the centre and the state had sanctioned.

Source : Hindustan Times
voda
0
CIL NCL on Track to Dispatch 100 Million Tonne Coal in 2019-20

Coal India Limited’s subsidiary Northern Coalfields Limited has produced 98.03 million tonnes of coal in the April to February 2020, up by 6.3% YoY. NCL has dispatched 99.04 million tonnes of coal in eleven months to its coal consumers, up by 6.8% YoY including 80.48 million tonnes of coal to power plants up by 4% YoY.

NCL has a target of dispatching 106.25 million tonnes of coal in 2019-20 and it is anticipated that the organization will achieve 100 million tonnes of the target.

Source : Strategic Research Institute
voda
0
Geological Survey of Pakistan Demands Funds for Coal Exploration in Pakistan

The Geological Survey of Pakistan has demanded funds amounting to PKR 6.524 million in the next Public Sector Development Programme to advance the coal exploration and evaluation project in Nosham and Bahlol areas of Balochistan province. The project investigations would result in proving more than 20 million tonnes of coal worth over Rs 2000 million at the current market rate

Sharing scope of the project, the GSP said the scheme was meant to prove the presence of coal, establish its grade and make a preliminary assessment of reserves through large-scale mapping, exploratory drilling and collection of representatives samples for chemical analysis and petrographic studies in Nosham and Bahlol areas. While, the collected data would also help in planning a thermal power station in the region and supply coal to steel and cement industries.

Source : Associated Press of Pakistan
voda
0
Vietnam Coal Imports Surge by 7% YoY in January 2020

According to provisional Vietnamese customs data, Vietnam imported 3.33 million tonne of coal in January, up by 7.4pc from 3.1 million tonne a year. But growth softened compared with a month earlier amid weaker industrial activity. Vietnam's coal imports had grown by 51% on the year in December 2019, to 4.3 million tonne.

Source : Strategic Research Institute
Bijlage:
voda
0
CIL ECL Aiming to Export Coal in Five Years

Coal India Limited’s subsidiary Eastern Coalfields Ltd said that it aims to ramp up production over the next five years to be in a position to export thermal coal. ECL CMD Mr Prem Sagar Mishra, while speaking at the 7th edition of Discussion Forum on Ecological Sustainability of Durgapur-Asansol Industrial Region, said “We wish to take production in the next five years to such a level that we can think of exporting to foreign countries. In the coming days, Eastern Coalfields Ltd will try to bring forth newer coal mines keeping the environmental concerns in mind.’

He added “ECL does not want to close down any mine unless it involves some danger element or has some safety issues that might harm the miners.’

Source : ToI
voda
0
Mormugao Port Trust Relaxes Coal Handling Cap

The Goa State Pollution Control Board last week relaxed the cap on coal handling by South West Port Ltd owned by Jindal Steel Works and Adani Mormugao Goa Port Terminal Pvt Ltd, at Mormugao Port Trust. The board’s chairman Mr Ganesh Shetgaonkar told TOI that the relaxation was permitted upon the request of both companies. SWPL had sought reinstatement of the original consent to handle 5.5 million tonne of coal and coke annually, while Adani had sought to handle 5.2 million tonne per year.

Mr Shetgaonkar said that under the current consent to operate, the monthly coal handling capacity for both companies had been cappped at 4 lakh tonne per month and 4.8 million tonne per year. The monthly capping, he said, had made it difficult for the companies to adjust shipments, due to which they had had to pay demurrage. He said "Now, with the relaxation, if the coal handled during a particular month is less than the capping quantity, it can be adjusted in the following month’s shipment.”

The capping had been imposed following complaints of air pollution in Vasco.

Source : ToI
voda
0
Lower Coal Price Impacted H1 Earnings of Whitehaven Coal

Whitehaven Coal Managing Director and CEO Paul Flynn said “The first half result has been impacted by a softening of the Newcastle Index thermal coal price. More subdued pricing, in combination with a number of transient production challenges and higher unit costs, has given rise to a more testing first half.”

Highlights

Revenue of $885.1 million, down 30% on pcp reflecting a lower average achieved price for H1 FY2020 of A$108/t vs H1 FY2019 A$155/t

EBITDA of $177.3 million, down 68% on pcp due to the softening of achieved prices and the impact on ROM production of previously reported labour shortages and dust events at our largest mine, Maules Creek, and the scheduled eight week Narrabri mine longwall move.

Net profit after tax of $27.4 million, down 91%

Equity ROM coal production for the half was 6.0Mt, 30% below pcp, reflecting both the eight week Narrabri longwall change out and the challenging production conditions at Maules Creek due to labour shortages and production disruption due to drought and bushfires.

Equity coal sales, including purchased coal, were 8.5Mt, which was in line with the pcp. Sales for the period were supported by stock draw downs and an increase in purchased coal.

Equity own metallurgical coal sales were 21% of total sales during the half, 2% above pcp at 19%.

On 2 January, Whitehaven announced it had completed the acquisition of EDF Trading Australia Pty Limited, which owns a 7.5% interest in the Narrabri underground mine. Closing the acquisition brings Whitehaven’s ownership interest in the mine to 77.5%, effective as of 1 July 2019. Narrabri JV Participants have elected not to exercise their pre-emptive rights in connection with the transaction.

FY2020 Guidance & outlook - The trade dispute between the United States of America and China during FY2019 contributed to softness in global demand and in demand for thermal coal; it has also contributed to weakness in the seaborne thermal coal price, while low European gas prices, an increase in the European price of carbon and relatively low seaborne spot LNG prices have also weighed upon coal prices over the past two years. However, the recent Phase 1 trade deal between the USA and China is expected to provide a boost to global trade. The coronavirus has caused a temporary loss of demand for coal in China, however the supply of coal in China has also been reduced as a result of the virus. During February 2020 the loss of demand in China has been offset by the loss of domestic supply leading to a strengthening of China domestic prices and seaborne coal prices. Whitehaven continues to see strong end user and trader demand for its high quality thermal coal. The gC Newc coal price has found a floor in the second half of CY19 of circa US$67/t, while API 4 pricing is now above ~ US$80/t. There is strength in the physical Richards Bay market as it rallied strongly at the end of CY19. The gC Newc price levels have seen ‘swing’ suppliers from Colombia, Canada and the USA withdraw from the market which has led to a rebalancing of the fundamentals, and pricing being well supported in a range around the high US$60’s.

Source : Strategic Research Institute
voda
0
Consumers Association of Bangladesh Flags Misappropriation at Boropukuria Coal Mine

Local media reported that Consumers Association of Bangladesh has claimed that a total of 5.48 lakh tonnes of coal were misappropriated from Boropukuria coal mine throughout 15 years until July 2018. Boropukuria Coal Mining Co Ltd had initially accused 19 people over misappropriation of 1.44 lakh tonnes but CAB has claimed that the amount is no less than 5.48 lakh tonnes.

Consumers Association of Bangladesh president Mr Syed Abul Maksud, said
“The government had signed contract with Chinese mine operating company fixing the moisture of coal at 2.3 percent while the Coal Mining Company signed contract with its buyer BPDB fixing the moisture at 5.1 percent. While selling it to the BPDB, the moisture was fixed at 10 percent. Again, when the BPDB calculated this moisture, it fixed the rate at 15 percent. So there is huge inconsistency in the coal trading and transactions and through this ‘unfair’ process and some 5.48 lakh tons of coal was stolen in the last 13 years.”

They said this stolen coal was sold out to different private businessmen through receiving DO letters from different ministers and members of parliament.

Source : Strategic Research Institute
voda
0
Environment Protection Authority Issues Clean Up Notice to Whitehaven Coal

Australia’s Environment Protection Authority has issued clean-up notice to Whitehaven Coal after it found a pollution incident at the Maules Creek Coal Mine. On February 10, EPA officers identified that the expandable polystyrene balls had been discharged from the mine into the creek, while more expandable polystyrene balls were found on a property seven kilometres downstream of the mine. Whitehaven has been ordered to carry out a number of steps to rectify the situation, including a full clean out of one its dams. Part of those steps also includes ensuring no polystyrene balls are located in any structure designed to carry water at the premises. The coal company has until March 25 to comply

Whitehaven spokesperson said "Whitehaven takes any instance of non-compliance with obligations seriously and is disappointed about the release of a number of EPBs from an explosives depot following February's heavy rain events. We are working closely with our on-site explosives contractor and the NSW EPA to ensure full compliance with the clean-up notice."

Source : Strategic Research Institute
voda
0
Thermal Coal Dispatches to US Power Plants in 2019 Shrink

US Energy Information Administration announced that coal deliveries to US power plants fell to 555.02 million st in 2019, down 6.7% from 594.68 million st in 2018. Contract deliveries, or purchases with a term of one year or longer, were at 483.51 million st in 2019, down from 519.85 million st in 2018. Spot purchases, or contract deliveries less than one year, were at 68.34 million st in 2019, down from 72.43 million st a year earlier.

However, new contract purchases made up 2.77 million st, up from 2 million st in 2018. The majority of the new contract coal, or 1.56 million st, came from Wyoming in the Powder River Basin, while 1.01 million st of bituminous coal was delivered from seven states, led by 556,999 st from West Virginia. The remaining 192,484 st was lignite coal from Texas and 12,787 st of waste coal from Pennsylvania.

Imports to US power plants totaled 3.45 million st in 2019, up from 3.01 million st delivered in 2018. The majority of the coal imports came from Colombia at 2.79 million st, which was up from 2.11 million st in 2018. Alabama took delivery of 1.79 million st of the Colombian coal, while Florida, Maine and New Hampshire took 211,357 st, 62,360 st and 45,084 st, respectively.

Source : Strategic Research Institute
voda
0
Coal Gasification Plant to Start Construction in Indonesia

Indonesia media reported that Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto said the government would speed up construction of a coal gasification plant owned by PT Bukit Asam Tbk. He said "We want to speed up the establishment of coal gasification to produce dimethyl ether. It seems that the company is ready, in terms of technology and other things. The postponement of the signing of a cooperation agreement for PTBA's gasification in the United States would not affect progress in building the plant.”

PT Bukit Asam President Director Arviyan Arifin said the development of the coal gasification industry is being handled by state-run oil and gas company PT Pertamina Persero and the US-based gas and chemical company Air Products and Chemicals Inc, and has entered the Engineering Procurement Construction stage. He said "We will soon begin construction. Now that we have started the EPC, there is no correlation between coronavirus and the construction of the gasification plant.”

Previously, the company said it had postponed the signing of the cooperation agreement for PTBA's gasification in the United States, which was originally scheduled for 14 March, 2020, when President Joko Widodo attends the ASEAN-US Special Summit.

Source : Strategic Research Institute
voda
0
Coal Production at CIL Recovers in February

Indian state owned coal miner Coal India Limited’s coal production in the first 11 months of 2019-20 declined by 1.9% YoY to 517.8 million tonne, mainly due to excessive rainfall hampering mining operations during the monsoon earlier this financial year. CIL clocked a robust production growth of 14.2% YoY for February 2020 compared to same month year ago. Coal production at 66.26 million tonnes, the highest ever for the referred month, was up by 8.21 million tonnes in volume terms. Production in its high capacity mines under South Eastern Coalfields and Mahanadi Coalfields increased 19.2% and 11.9% YoY, respectively, in February. The coal behemoth’s smaller subsidiaries Central Coalfields and Western Coalfields recorded annual increases of 20% and 26.7%, respectively.

Coal off-take has risen to 54.97 million tonnes in February 2020, ahead by 3.51 million tonnes against 51.46 million tonnes same month last year, scoring a healthy growth of 6.8%. CIL’s supply to its customers, including the power sector, fell 3.7% annually to 528.3 million tonnes in April-February, FY20.

Law and order issues in some major mines, and several employee union strikes following the Union Cabinet’s February 2019 decision to ease mining norms for private companies also hampered the world’s largest miner’s output.

Source : Strategic Research Institute
voda
0
Colombian Coal Output Dips 2% YoY in 2019

Coal production in Colombia, the fifth-largest coal exporter in the world, fell 2% to 82.2 million tonnes in 2019 after output at one of the principle mines declined and operations were interrupted by droughts. National Mining Agency president Silvana Habib said “The coal industry has been presented with important cross roads. In the case of thermal coal, the average price went from USD 82.50 per tonne in 2018 to USD 51.4 per tonne in 2019. Both the effects of climate and restrictions due to judicial rulings had impacts.”

A judicial ruling prevented the extension of mining operations at Cerrejon, a coal mine in the La Guajira province which is jointly owned by BHP Group, Anglo American and Glencore. Open-pit coal mines are required to reduce production in high temperatures to reduce pollution caused by dust. As well as the Cerrejon mine, the Colombian coal industry is dominated by Drummond and Prodeco, which is a unit of Glencore.

Source : Reuters
voda
0
Edenville Rukwa Coal Mining Operations Hit by Heavy Rains

Edenville Energy PLC said that there may be potential for further disruption of mining at its Rukwa coal asset in Tanzania as the region experienced one of the wettest rainy seasons for many years. Edenville said "Should this continue throughout March there is the potential for further disruption to mining operations ahead of the expected end of the rainy season in late April."

The company expects to begin mining from the northern area of Rukwa in March. Edenville added that its wash plant restarted continuous operations on Tuesday.

Edenville said “As announced on February 27, a stockpile of approximately 6,000 tonnes of unwashed run of mine coal, which was mined from the southern pit at Rukwa, has been established adjacent to the wash plant. The wash plant is currently processing ore from that stockpile ahead of the first customer pick-up which is scheduled for March 11."

Edenville Energy Plc, the AIM quoted company developing the Rukwa coal project in southwest Tanzania, Africa, has reported that the company wash plant recommenced continuous operations on 3 March 2020.

Source : Strategic Research Institute
voda
0
Glencore Mt Owen Coal Mine Expansion Approved in Hunter Valley

The New South Wales Independent Planning Commission has approved an additional 2 million tonnes of coal to be extracted from Barrett Pit at Glencore’s subsidiary Mt Owen Pty’s Glendell coal mine in the Hunter Valley. The proposed modification aims to recover an additional 1.97 million tonnes of run-of-mine coal, which will result in a net increase in disturbance area of 4.3 hectares and a net 0.4-hectare reduction in clearing of native vegetation. According to the Commission, the extension of the Barrett Pit and extraction of an additional 1.97 million tonne of ROM coal over an eight month period will result in a minor increase in GHG emissions, which are accounted within the reduction strategy Glencore has in place.

Mt Owen Pty, sought approval to extend the Barrett Pit at the Glendell coal mine, located 20 kilometres northwest of Singleton and part of the Mt Owen Glendell operations together with the Mt Owen and Ravensworth East mines.

The Mt Owen Complex is located within the Hunter Coalfields at Hebden in the Upper Hunter Valley of New South Wales, approximately 25 kilometres northwest of Singleton and 26 kilometres southeast of Muswellbrook. The Mt Owen Complex consists of Mt Owen Mine, Mt Owen Chpp, Ravensworth East and Glendell Open-Cut Mines

Source : Strategic Research Institute
2.846 Posts, Pagina: « 1 2 3 4 5 6 ... 81 82 83 84 85 86 87 88 89 90 91 ... 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 911,51 0,00 0,00% 21 mei
AMX 951,04 0,00 0,00% 21 mei
ASCX 1.212,45 0,00 0,00% 21 mei
BEL 20 3.991,00 0,00 0,00% 21 mei
Germany40^ 18.741,40 +14,64 +0,08% 21 mei
US30^ 39.880,20 0,00 0,00% 21 mei
US500^ 5.322,81 0,00 0,00% 21 mei
Nasd100^ 18.740,00 +22,70 +0,12% 07:58
Japan225^ 38.635,70 -232,70 -0,60% 07:57
WTI 78,02 -0,60 -0,76% 07:57
Brent 82,78 0,00 0,00% 21 mei
EUR/USD 1,0856 +0,0001 +0,01% 07:58
BTC/USD 69.585,45 -87,20 -0,13% 07:05
Gold spot 2.416,52 -5,51 -0,23% 07:58
#/^ Index indications calculated real time, zie disclaimer
BESTEL HIER UW TICKETS VOOR DE IEX BELEGGERSDAG > EEN DAG VOL INSPIRERENDE SPREKERS EN KOOPTIPS!

Stijgers & Dalers

Stijgers Laatst +/- % tijd
ABN AMRO BANK N.V. 15,785 0,000 0,00% 21 mei
ADYEN NV 1.216,800 0,000 0,00% 21 mei
Aegon 6,366 0,000 0,00% 21 mei
Dalers Laatst +/- % tijd
ABN AMRO BANK N.V. 15,785 0,000 0,00% 21 mei
ADYEN NV 1.216,800 0,000 0,00% 21 mei
Aegon 6,366 0,000 0,00% 21 mei

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