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voda 23 juni 2021 11:13

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Satellite Detects Methane Leak inSouth Africa’s Coal Mining Region

Africa News reported that Paris-based analytics company Kayrros SAS has detected a gas leak about 125 kilometres east of Johannesburg in South Africa. By parsing European Space Agency satellite observations, the company detected a large methane cloud near coal mines. Kayrros SAS estimated an emission rate of 65 metric tons per hour on 10th of May 2021.

Sasol Ltd, which has coal mines around said region, said it didn’t record any elevated methane levels that day. Furthermore, the company added that emissions from its mining operations are highly diluted and dispersed over a wide geographical area. Similarly, Anglo American Plc said its open-cast Isibonelo mine located nearby is highly unlikely to emit the levels estimated by Kayrros.

Methane is a potent greenhouse gas with important implications for climate change. Although methane has a much shorter atmospheric lifetime than carbon dioxide, it absorbs much more energy while in the atmosphere. Before, estimates of greenhouse gas emissions from industries have relied mainly on paper-based calculations. However, improvements in satellite technology have created a different perspective. Researchers are starting to stress test the data and the early results show leaky oil and gas industry infrastructure is responsible for far more of the methane in the atmosphere than previously thought.

Source - Strategic Research Institute

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voda 26 juni 2021 10:33

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Whitehaven Coal Cuts Production Guidance

Whitehaven has to updated its FY21 production guidance from a range of 20.6- 21.4 million tonnes to 20.4 million tonnes and reaffirm managed coal sales and unit costs guidance. It said “Continuing stronger-than-expected production performance at Maules Creek is expected to deliver 12.5 million tonnes for the full year. Combined with production output of 3.8 million tonnes at the Gunnedah Open Cuts, total opencast production is expected to deliver 16.3 million tonnes.”

FY21 run of mine production from Narrabri is expected to be 4.1 million tonnes. This reduction in guidance is attributable to downtime associated with the acceleration of engineering works to support the longwall operation and a recent geological event. Overhaul works on the longwall and machinery repairs are expected to be completed in the coming days. Whitehaven has undertaken a programme of geo-sensing drilling to provide confidence around the geological conditions in the remainder of the LW109 panel. This drilling has not identified any significant geological features present in the balance of the LW109 block.

Source - Strategic Research Institute

voda 26 juni 2021 10:34

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Bisti Fuels’ Navajo Coal Mine Agreement Terminated

NACCO Industries Inc. announced that it received notification on June 17, 2021 that the contract mining agreement between Bisti Fuels Company, a wholly owned subsidiary of NACCO, and the Navajo Transitional Energy Company will be terminated effective September 30, 2021. Bisti Fuels currently supplies coal from the Navajo Mine to the Four Corners Power Plant through the agreement with NTEC. NTEC will assume control and responsibility for operation of the Navajo Mine upon termination of the contract mining agreement. All liabilities, including mine reclamation, are the responsibility of NTEC. As required under the agreement, it is anticipated NTEC will pay NACCO a termination fee of approximately USD 10 million.

Bisti assumed operation of the Navajo Mine on January 1, 2017, and between 2017 and 2020, Bisti contributed pre-tax earnings between $4.5 million and $5.8 million annually. Excluding the termination fee, the termination of the contract mining agreement does not materially impact NACCO's outlook for 2021, but it will have a material unfavorable effect on NACCO's long-term earnings. The contract was scheduled to expire in 2031, with seasonal operations, and reduced coal production levels, beginning in the third quarter of 2023.

Source - Strategic Research Institute

voda 26 juni 2021 10:35

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Coal India to Close Down 23 Unviable Mines

PTI reported that Coal India Limited has decided to close down 23 unviable mines and it would help save the company around INR 500 crore considering all costs. Those 23 mines, comprising open cast and underground ones, to be closed down were identified in the last fiscal. CIL said "Action is being taken to close the unviable mines in CIL in a phased manner. Production from 11 such underground mines has already been suspended.”

CIL has shut down 82 such mines in the last three-four years. Underground mines are a major focus for closures as they are not remunerative. Some 158 underground mines employ 43% of the workforce but contribute only 5% of the total production.

Source - Strategic Research Institute

voda 26 juni 2021 10:35

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Critics Blast Adani Overs Coal to PVC Plan Using Australian Coal

The Guardian reported that Adani’s Coal to PVC toxic project i an attempt to find a second life for thermal coal at a time when the world was moving away from fossil fuels. Adani Enterprises, which owns the Carmichael coalmine, said in submissions to Indian authorities the plant will use 3.1 million tonnes of coal a year at the plant to make PVC. The plant would use a highly complex process to produce two million tonnes of polyvinyl chloride a year.

Bravus said “India will be a foundation customer for the Carmichael project and is the fourth-largest global user of electricity as well as the source of the biggest growth in global energy demand. We have already secured the market for the 10 million tonne per annum of coal produced at the Carmichael mine. The coal will be sold at index pricing and we will not be engaging in transfer pricing practice, which means that all of our taxes and royalties will be paid here in Australia.”

In a follow-up statement Bravus said “Carmichael coal, like any other traditional thermal coal, is not suitable for use in plastics. It is suitable for use in energy and electricity generation and has always been intended for that use. The planning document for the proposed PVC business refers to sourcing suitable thermal, coking, or petcoke from Australia, Russia and other countries. The PVC facility will require a blend of coals of different specifications which are outside the Carmichael mine production plan.”

Adani, which has rebranded in Australia to Bravus Mining and Resources, has begun construction on its Carmichael thermal coalmine in Queensland’s Galilee basin. The divisive mine has been one of the most controversial resources projects in Australian history.

Source - Strategic Research Institute

voda 28 juni 2021 08:05

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Third Body Recovered from Flooded Illegal Coal Mine in Meghalaya

PTI reported that more than three weeks after an illegal coal pit in Meghalaya's East Jaintia district was flooded trapping five miners, rescuers on Friday fished out another body from the 152 metre-deep mine. It was the third body to be pulled out from the rathole mine at Umpleng which was flooded following a dynamite explosion on May 30.

Over 50 personnel from the Indian Navy, State Disaster Response Force, National Disaster Response Force and state fire and emergency services have been conducting the rescue mission. A Navy diver was seriously injured during the operation.

Source - Strategic Research Institute

voda 28 juni 2021 08:06

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No New Coal Mines in New Zealand Required

Forest & Bird announced that the Government needs to urgently consider how to stop new or expanded coal mines in New Zealand to keep climate warming to safe levels, says Forest & Bird. Chief Executive Kevin Hague launched a new petition calling for no new coal mines in his speech at Forest & Bird’s conference. He said “We should all be able to agree New Zealand needs a well-planned transition away from coal. But that requires a clear signal from Government now. The coal industry already has years of consented mining; allowing new or expanded coal mines through the 2020s could lock us into high-emissions scenarios for decades to come.”

Forest & Bird has also joined more than a dozen New Zealand groups in lauching a petition calling for a ban on any new oil and gas permits as well as no new or expanded coal mines.

A recent International Energy Agency report provided a worldwide roadmap to reaching net zero emissions by 2050. This pathway requires no new oil and gas fields and no new coal mines or mine extensions from 2021. In New Zealand there are currently proposals for new opencast coal mines in Southland and on the West Coast.

Source - Strategic Research Institute

Bijlage:

voda 28 juni 2021 08:07

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Adani’s Bravus Mining Strikes Coal at Carmichael Mine in Australia

Adani’s Australian firm Bravus Mining and Resources has now struck coal and exposed the first of the coal seams at Carmichael Project in Queensland in AUstralia. Bravus Mining and Resources CEO Mr David Boshoff said “Nearly two years ago today we received our final approvals to develop the Carmichael mine and rail Project. We have faced many hurdles along the way, but thanks to the hard work and perseverance of our team, we have now reached the coal seams.”

Mr Boshoff said Bravus is on track to export first coal as promised, in 2021. He said “We’re on track to export first coal this year, and despite reaching this significant milestone, we will not take our eyes off our larger goal of getting coal to market.”

India will be a foundation customer for the Carmichael mine and is the fourth largest global user of electricity as well as the source of the biggest growth in global energy demand. Mr Boshoff said Bravus had already secured the market for the 10 million tonne per annum of coal produced at the Carmichael Mine.

Source - Strategic Research Institute

voda 29 juni 2021 08:41

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Mitsui Sells Indonesian Coal Plant Stake to Ratch

Reuters reported that Mitsui & Co will sell off its entire interest in an operator of Indonesian coal-fired power plants as a part of efforts to shrink the carbon footprint in the company’s portfolio. Mitsui agreed to sell its 45.5% stake in Paiton Energy to RH International (Singapore), a subsidiary of Thai power producer Ratch Group. The deal includes a transfer of shares in two other affiliated businesses. The transaction is set to close within the fiscal year ending March 2022. Mitsui expects to book a profit from the deal, whose value has not been disclosed.

Mitsui helped launch Paiton Energy with other partners in 1994 as the first major independent power producer in Asia. Paiton Energy now runs three coal-fired plants at the Paiton Power Complex in East Java.

The complex accounted for about half of Mitsui’s holdings in coal plants, based on generating capacity. The sale to Ratch Group will cut the share of coal plants in Mitsui’s power capacity profile to 11% from 18%.

Source - Strategic Research Institute

voda 29 juni 2021 08:41

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ICBC Abandons Sengwa & Lamu Coal Projects in Africa

Energy Mix reported that Industrial and Commercial Bank of China with a global portfolio including fossil fuel extraction, has tentatively agreed to stop financing Lamu coal project in Kenya and Sengwa coal project in Gokwe in Zimbabwe after bowing to civic pressure.

Go Clean said that it has recorded marked progress in negotiations with the bank. It said “There have been some major campaign developments regarding our engagement with the Industrial and Commercial Bank of China. These developments include the Bank’s continued dialogue with the Go Clean ICBC coalition to chart a clear road map for ICBC to stop funding coal. For these reasons, the Go Clean ICBC coalition made the difficult decision to postpone the Affected Communities of ICBC’s Coal Finance AGM and instead continue with the dialogue. ICBC also confirmed that they will not fund the Lamu coal project in Kenya as well as the Sengwa coal project in Zimbabwe.

Go Clean added “It hasn’t been an easy decision. But in order to respect the communities affected by coal financing, we now see that holding the gathering at this point would prevent us from making key progress on getting ICBC to rule out coal.”

ICBC will follow a trend already set by the Philippines-based multilateral bank, Asian Development Bank, one of the region’s biggest energy financiers, which announced in May 2021, in a new draft energy policy, it was cutting down all financing of fossil fuels.

Source - Strategic Research Institute

voda 30 juni 2021 12:26

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Dead Mexican Coal Miner’s Dog Waiting for Deceased Owner

The Daily Mail reported that almost three weeks after the explosion that killed seven coal miners, one of the victim's loyal pets is still coming to visit his late owner every day. On the afternoon of the tragic accident, Cuchufleto sensed that Cruz had not arrived and went off on his own to the mine to pick him up, only to be met by dozens of rescue workers who were attempting to reach the trapped miners. Cuchufleto stood outside the mine until rescue workers pulled out Mr Cruz's body June 6. Later that day, Mr Cruz was laid to rest and Cuchufleto did not return home until late at night. In the three weeks that have passed since the mine collapse, Cuchufleto has barely ate anything and only drinks water.

Mr Gonzalo Cruz, 53, adopted mutt Cuchufleto six months ago and every day since he joined the family, the dog would accompany Cruz on the half-mile morning walk to the northeast Mexico coal mine in Múzquiz, Coahuila. The dog would return back to the Cruz' home while he went to work but would sometimes pop back on his own if he noticed his owner was running late.

Source - Strategic Research Institute

voda 30 juni 2021 12:27

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Coal Mine Auctions Timeline Extended

India’s coal ministry has announced revision in the timeline of the second tranche of auctions for commercial mining. The ministry said the last date for registration of bidders and sale of tender documents on the MSTC website and the bid due date have been revised. The last date for submission of bids has been extended to July 8, 2021.

The government had in March offered 67 coal mines for sale, launching the second tranche of commercial coal mining auctions. This is the highest number of mines on offer in a particular tranche after commencement of the auction regime in 2014.

Of the total 38 coal blocks offered in the first round of auctions for commercial coal mining, the government successfully auctioned 20 mines.

Source - Strategic Research Institute

voda 1 juli 2021 09:57

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‘Bouw van 600 steenkoolcentrales in Azië brengt klimaatdoelstellingen in gevaar’ (rapport)
businessam.be 12 uur geleden

China, India, Indonesië, Japan en Vietnam hebben plannen om in de komende jaren samen meer dan 600 nieuwe steenkoolcentrales te bouwen. Daarmee brengen ze het behalen van de klimaatdoelstellingen in gevaar, schrijft de denktank Carbon Tracker woensdag in een rapport.

De nieuwe steenkoolcentrales zijn goed voor zowat 300 gigawatt aan energie, het equivalent van de totale productiecapaciteit van Japan. Maar de extra uitstoot die die centrales met zich meebrengen, brengt de doelstelling om de temperatuursstijging tot anderhalve graad te beperken in gevaar.

“Deze laatste steenkoolbolwerken gaan tegen de stroom in, terwijl het aanbod van hernieuwbare energiebronnen een voordeligere oplossing biedt die bovendien ook de wereldwijde klimaatdoelstellingen ondersteunt”, zegt Catharina Hillenbrand Von Der Neyen, hoofdonderzoeker bij Carbon Tracker.

“Investeerders moeten deze nieuwe steenkoolprojecten dan ook de rug toekeren.” Experts beschouwen het sluiten van de steenkoolcentrales, die broeikasgassen produceren, als een sleutelelement in de strijd tegen de klimaatopwarming. In vele Aziatische landen is de economie echter gestoeld op steenkool, terwijl de Verenigde Staten en Europa de transitie richting hernieuwbare energie al hebben ingezet.

Lees dit artikel: ‘Bouw van 600 steenkoolcentrales in Azië brengt klimaatdoelstellingen in gevaar’ (rapport)

voda 1 juli 2021 10:46

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US DOE NETL Led Projects for Rare Earth Extraction from Coal

The US Department of Energy’s Office of Fossil Energy and Carbon Management has awarded nearly USD 18 million to advance eight projects to extract rare earth elements and other critical minerals from materials such as coal waste materials and support revitalisation in regions across the country that face economic adversity due to declines in coal and power plants communities.

Each of the eight projects had previously worked with DOE to develop a conceptional design of a technology to produce at least 1-3 tonnes per day of mixed rare earth oxides or rare earth salts and other critical minerals from mostly coal-based sources. Rare earth elements and critical minerals are vital in the construction of medical equipment, energy components, defence technologies, modern electronics, and a host of other consumer goods.

The DOE recently exercised options to continue work on the eight projects to complete feasibility studies of their concepts. Each feasibility study, which will take 7 to 10 months to complete, and aims to accelerate the advancement of technology to extract these materials found in coal and coal waste products. The DOE’s National Energy Technology Laboratory managed the conceptional design phase of the contracts and will continue to manage the feasibility study phase.

The DOE exercised contract options to continue projects operated by: Energy Fuels Resources (Lakewood, Colorado); Materia USA LLC (Inwood, New York); MP Mine Operations LLC (Mountain Pass, California); Tetra Tech Inc. (Pittsburgh, Pennsylvania); Texas Mineral Resources Corp. (Sierra Blanca, Texas); University of North Dakota (Grand Forks, North Dakota); West Virginia University Research Corporation (Morgantown, West Virginia); and Winner Water Services Inc. (Sharon, Pennsylvania).

Source - Strategic Research Institute

voda 1 juli 2021 10:48

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Glencore to Acquire BHP & Anglo Shares in Cerrejón Coal Mine

Following notices from joint venture partners, BHP and Anglo American, offering to sell their entire shares in the Cerrejón mine in Colombia, Glencore has reached agreement with each of them on substantially the same terms to acquire their respective 33.3% interests. The transaction has an economic effective date of 31 December 2020, with an aggregate purchase consideration of c. USD 588 million then being subject to purchase price adjustments calculated at closing. Glecore said “Based on expected operating performance and current forward coal prices, assuming a closing during H1 2022, we anticipate the cash generated by the operation to reduce the effective aggregate cash consideration to approximately USD 230 million, making the estimated investment payback period less than 2 years from closing.”

The transactions are subject to various regulatory approvals and are inter-conditional on each other.

Cerrejón is an open-pit coal-export mining operation in Colombia. The company plays an important role in the Colombian economy and in the region of La Guajira, where it operates a mine, railroad and port facilities.

The gross assets of Cerrejón are USD 2.968 billion. The loss attributable to Cerrejón in the year ended 31 December 2020 was USD 226 million.

Source - Strategic Research Institute

voda 5 juli 2021 09:31

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Czech Villagers Protest Against Turow Lignite Mine in Poland

AFP reported that located in the middle of Europe where the borders of Poland, Czech Republic and Germany open-cast Turow lignite mine, which spans 28 square kilometres and supplies a power station that accounts for some 7% of Poland's electricity consumption, is now at the centre of a bitter dispute between Prague and Warsaw. Complaints by locals have led the Czech government to file a lawsuit against Poland with the European Court of Justice. In May, the ECJ ordered Poland to suspend mining there, but the Polish government refused, leading the Czechs to ask the ECJ to fine Poland five million euros for each day the mine remains open.

The governments of both countries started official talks on the situation in June, vowing to strike a deal. Both Germany and the Czech Republic have complained about the mine and its planned expansion, saying that it has also caused increased noise and dust levels in the area.

But Poland's largest energy group PGE, which owns both the mine and the plant, is planning to extract coal at Turow until 2044. Operating since 1904, the mine employs some 4,000 people.

Source - Strategic Research Institute

Bijlage:

voda 5 juli 2021 09:32

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Indian Coal Import in April 2021 Surge by 30% YoY

mjunction services Ltd announced that India's coal and coke imports in April 2021 through the major and non-major ports are estimated to have increased by 30.3% over April 2020. Imports in April 2021 stood at around 22.27 million tonnes as against 17.09 million tonnes imported in April 2020. mjunction services Ltd MD and CEO Mr Vinaya Varma said "The demand for pre-monsoon restocking and supply concerns led to a surge in coal import during the month under review. Recently, tightened supply in overseas markets has firmed up prices. This factor coupled with the onset of monsoon is expected to keep the volumes in check in the near term.”

Of the total imports in April, the volume of non-coking coal was 15.32 million tonnes, against 12.28 million tonnes imported in April last financial year. Coking coal volume was 4.74 million tonnes, up against 3.23 million tonnes imported in April last fiscal.

During the 2020-21, total coal and coke imports stood at 215.92 million tonnes, about 12.6% lower than 247.10 million tonnes imported during FY'20.https://www.thedollarbusiness.com/assets/articles/2016/04/44109_shutterstock_250296868_1620.jpg

Source - Strategic Research Institute

voda 5 juli 2021 09:39

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China Closing Coal Mines after Deadly Incidents

SCMP reported that a growing number of local authorities across China are temporarily closing coal mines to avoid more deadly incidents ahead of the Communist Party’s 100th anniversary, but the move is expected to add more pressure to commodity prices in the world’s second largest economy.

China’s biggest coal-producing province Shanxi, which accounted for about 14 per cent of total global coal output last year, announced on Thursday the immediate closure of two local mines for at least a month following two fatal accidents, according to the provincial emergency management department. The northern Chinese province has now closed 130 coal mines with a combined output of about 185.6 million tonnes, or nearly one-quarter of total provincial capacity

Other regions across the country have adopted similar measures, including Hubei, which has halted mining from June 15 to July 5, and the central province of Henan, which temporarily shut multiple mines with a total capacity of 19.25 million tonnes from mid-June.

The current wave of coal mining suspensions comes soon after Beijing urged coal companies to boost production to help ease soaring commodity prices, which are squeezing some small manufacturers.

Source - Strategic Research Institute

voda 6 juli 2021 09:11

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CIL CCL Awards MDO Contract for Kotre Basantpur Pachmo Coal Mine

Hyderabad based industrial services and construction company Power Mech Projects Limited has received a contract of INR 9,294 crore for Mine Development & Operation project from Central Coalfields Limited. The project has been awarded to a consortium of Power Mech Projects Limited and AMR India Limited wherein Power Mech is the consortium leader with 74 per cent equity stake and AMR India will hold 26 per cent stake. The said MDO contract would entail mine infrastructure development, removal of overburden and extraction of Coking Coal, processing, crushing and transportation of coal up to washery of CCL, carrying out R&R activities. The project pertains to Kotre Basantpur Pachmo open cast coal mine located in Ramgarh and Bokaro Districts of Jharkhand.

MDO is contractual mining under which the contractor earns revenue from production of coal and mine operations.

As part of the Centre's asset monetisation drive, the ministry of coal along with national miner Coal India Ltd and Neyveli Lignite Corporation will offer 60 projects worth INR 41,042 crore for private investment. This includes 17 MDO projects to be offered to private companies.

Source - Strategic Research Institute

voda 6 juli 2021 09:12

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Coal Producers Planning 2.2 Billion Tonnes of New Mine Capacity

Coal producers are actively pursuing 2.2 billion tonnes per annum of new mine projects around the world, a growth of 30% from current production levels, according to a new report from Global Energy Monitor. The first-of-its-kind analysis surveyed 432 proposed coal projects globally and found a handful of provinces and states in China, Russia, India, and Australia are responsible for 77% (1.7 billion tonnes per annum) of new mine activity. If developed, these proposed projects boost supply to over four times the 1.5°C-compliant pathway necessary to meet the goal of the Paris climate agreement.

According to the report, coal producers’ expansion plans are at odds with the IEA’s net-zero roadmap, which requires no new coal mines or coal mine extensions, as well as the UN and leading research organizations, which have found coal production needs to decline 11% each year through 2030 to limit global warming to 1.5°C. While three-fourths (1.6 billion tonnes per annum) of proposed coal mine capacity is in the early stages of planning and thus vulnerable to cancellation, the report finds one quarter (0.6 billion tonnes per annum) of proposed mine capacity is already under construction. The prospect of a low-carbon transition and tighter emission policies put these projects at risk of becoming up to US$91 billion in stranded assets.

The countries with the largest numbers of mine proposals are China, which has 452 million tonnes per annum (mtpa) of coal mine capacity under construction and another 157 mtpa in planning; Australia, which has 31 mtpa under construction and 435 mtpa in planning; India, which has 13 mtpa under construction and 363 mtpa in planning; and Russia has 59 mtpa under construction and 240 mtpa in planning.

Data for the report comes from the Global Coal Mine Tracker, which was launched in January 2021. This tracker currently provides information on the world’s major coal mines: every operating mine producing 5 million tonnes per annum (mtpa) or greater, and every proposed mine with a capacity of 1 mtpa or greater.

Source - Strategic Research Institute

Bijlage:

AEX 882,63 +12,36 +1,42% 26 apr


Germany40^	18.177,90	+1,45%
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