Energie « Terug naar discussie overzicht

Coal

2.846 Posts, Pagina: « 1 2 3 4 5 6 ... 123 124 125 126 127 128 129 130 131 132 133 ... 139 140 141 142 143 » | Laatste

Omlaag ↓

voda 27 juli 2021 11:04

South32 Announce Illawarra Metallurgical Coal Impairment

South32 Limited has undertaken a review as of 30 June 2021 of the carrying values of its assets in accordance with the Group’s accounting policies and the accounting standards As a result we will recognise a pre-tax impairment charge for lllawarra Metallurgical Coal of USD 728 million with our FY21 financial results This charge reflects the increased approval uncertainty created by the NSW independent Planning Commission’s decision to refuse our application for the Dendrobium Next Domain life extension project (DND project) and the resultant potential impact on the economics of the broader IMC complex

South32 said “We have scaled back activity on the DND project while we consider alternative options following the IPC decision. This includes the commencement of proceedings in the Land and Environment Court of New South Wales for a judicial review of the decision and the potential submission of an alternate mine plan to the NSW Minister for Planning and Public Spaces for determination of the project as State Significant Infrastructure. We expect to provide a further update before the end of the calendar year.”

South32 Ltd. said it will record a pretax impairment of USD 728 million against its Illawarra Metallurgical Coal business in Australia after planning officials rejected a plan to extend the life of its Dendrobium mine.

Source - Strategic Research Institute

voda 28 juli 2021 07:52

Jharkhand Seeks Payment of Outstanding from Coal India Limited

Jharkhand Chief Minister Mr Hemant Soren, during a meeting with Coal India Limited’s Chairman and Managing Director Mr Pramod Agrawal, has asked Coal India for immediate payment of INR 56,000 crore outstanding dues in lieu of government land allotted to it for mining. The chief minister also stressed that CIL should start paying royalty on coal to the state on ad valorem basis and to ensure that extensive plantation work in the area where mining takes place.

Mr Agrawal urged Soren to solve problems related to land pertaining to ECL's Rajmahal project, land verification of CCL, forest lease etc besides ensuring smooth transportation of coal in Amrapali project. The chief minister assured to consider the demands positively, the statement said.

Coal India Limited is the single largest coal producer in the world and one of the largest corporate employer with manpower of 272445 as on 1st April 2020. CIL functions through its subsidiaries in 84 mining areas spread over eight states of India including Jharkhand. CIL has seven producing subsidiaries namely Eastern Coalfields Limited, Bharat Coking Coal Limited, Central Coalfields Limited, Western Coalfields Limited, South Eastern Coalfields Limited, Northern Coalfields Limited and Mahanadi Coalfields Limited and Central Mine Planning Design Institute. In addition, CIL has a foreign subsidiary in Mozambique namely Coal India Africana Limitada.

Source - Strategic Research Institute

voda 28 juli 2021 07:56

Alberta First Nations Appeal for Grassy Mountain Coal Mine

The Canadian Press reported that two Alberta First Nations want the courts to allow it to appeal a review board’s decision that an open-pit coal mine in the Rocky Mountains isn’t in the public interest. Piikani First Nation & Stoney Nakoda Nation have filed request with the Alberta Court of Appeal to appeal the decision, which blocked the development of Benga Mining’s proposed Grassy Mountain project.

Benga has filed its own appeal of the panel’s report, which caused Alberta’s energy regulator to revoke the mine’s permits.

In June, a joint federal-provincial environmental review panel recommended the project not proceed because the threat it posed to southern Alberta’s water supply was too great for the economic benefits it would have created.

Source - Strategic Research Institute

voda 29 juli 2021 08:31

Indonesia to Continue with Coal Fired Power Plants

The Climate Change News reported that the Indonesian government has released an updated 2030 climate plan and long term strategy that indicate the country’s reliance on coal will continue well into the 2050’s. In a 156-page long term strategy document submitted to the UN, it outlines three pathways including a low carbon scenario compatible with the Paris Agreement. Even under this pathway, the most ambitious of the three, the amount of coal used for primary energy will continue to grow until at least 2050.

While renewables share of electricity generation will grow under this pathway to 43% by 2050, coal will still provide 38% of the country’s growing electricity needs. Methane gas 10% and biofuels 8% make up the rest. Under this scenario, the government claims that 76% of coal-fired power plants will be equipped with carbon capture technology, making them zero-emissions.

Experts question whether this technology will be able to capture all a coal power plant’s emissions in a cost-effective way. Jakarta-based Institute for Energy Economics and Financial Analysis researcher Mr Putra Adhiguna told Climate Home News it is a long shot.

Indonesia is the world’s second-biggest coal-producing country and its coal industry is politically powerful.

Source - Strategic Research Institute

voda 29 juli 2021 08:31

Nine of Allotted 12 Coal Blocks Lying Idle in Odisha

Express News Service reported that expressing concern over the delay in commissioning production of the auctioned coal blocks, the Federation of Indian Chambers of Commerce and Industry has urged the State government to set up a dedicated cell to monitor the progress and sort out issues relating to land acquisition and expeditious approval of statutory clearances. FICCI Secretary General Mr Dilip Chenoy wrote to Odisha’s Chief Secretary Mr Suresh Mahapatra “I would take this opportunity to bring to your kind notice that 12 coal mines have been allocated and auctioned in Odisha since 2015 having production capacity of 97 million tonne per annum which will generate revenue of over INR 7,000 crore every year for the State exchequer, creating over 1 lakh direct and indirect local jobs.”

Odisha government is losing out on a huge amount of revenue from royalty with just three of the 12 coal blocks, auctioned since 2015, in operation now. NTPC’s Dulanga

OCPL’s Manoharpur

Neyveli Lignite Corporation’s Talabira II and III

However, the Utkal-D block of NALCO, Baitarani West of OMC and Naini block of Singareni Collieries Company Ltd have remained idle in the last six years. Two other coal blocks allotted to Karnataka Power Corporation (Mandakini) and Gujarat Electricity Corporation Utkal-C are also lying idle. Though Vedanta had successfully bid for two blocks and GMR and Essel Mining one each, none of them have started the ground works.

The cumulative reserve of coal in the 12 blocks is over 3,376 million tonne with a production capacity of 97 million tonne per year.

Source - Strategic Research Institute

voda 30 juli 2021 08:29

Alternate Railway Route Planned for Coal Transport from Yakutia

Sea News reported that a property, a company associated with Albert Avdolyan, the founder of Yota telecom operator, intends to build a private railway from the Elga coal deposit in Yakutia to the Sea of Okhotsk. The private railway will be an alternative to the Baikal-Amur Railway as freight traffic along the route is increasing, which poses a risk of congestion in future

According to the government of the Republic of Yakutia, coal from the Elga deposit is expected to be sold to consumers in the APR market where the demand is currently growing.

Source - Strategic Research Institute

voda 30 juli 2021 08:30

Cokal Inks Funding Pact for BBM Coking Coal Project in Indonesia

Cokal Ltd has announced that its 60% owned subsidiary and owner of the BBM Project, PT Bumi Barito Mineral has executed two binding agreements, a capital participation agreement and international coal marketing agreement, to fund the development of the BBM Project in Central Kalimantan in Indonesia and its coal mining operations. The binding capital participation agreement is for the provision of USD 20 million in funding and has been entered into with International Commodity Trade Pte Ltd, which i incorporated in Singapore for investment and trading in coal. The commitment to provide funding is binding, subject to drawdown upon execution of a corporate guarantee by Cokal and BBM. ICT has advised the company that funds are available for drawdown.

The binding international coal marketing agreement, also entered into with ICT, will enable BBM to market its coal to the international market and will also assist BBM in financing its coal stockpile at the River Jetty. In return, BBM agrees to provide international coal marketing rights to ICT for the marketing of BBM’s coal for its overseas markets.

Upon entering into the agreements with ICT, BBM has given a notice of immediate termination to China Railway 21st Bureau Group International Engineering Co Ltd and Beijing Fidick International Trade Co Ltd in respect of a previous funding agreement. COVID-19 travel restrictions and security requirements for this previous funding have adversely affected the ability to drawdown on this debt finance, which has consequently caused BBM to delay the commencement of its coal production. There are no payments to be made by the company on termination of this agreement.

Source - Strategic Research Institute

voda 3 augustus 2021 08:36

China to Encourage Qualified Coal Mines to Expand Production

Reuters reported that China will encourage qualified coal mines to expand production capacity in an effort to boost coal supply and cool prices of the commodity.

Coal miners, who apply for capacity expansion before March 31, 2022 must promise to shut down a certain amount of out dated production capacity and complete the closure within three months after receiving the approvals, it said in a statement.

Source - Strategic Research Institute

voda 3 augustus 2021 08:37

Intesa to Phase Out Coal Mining Financing by 2025

Reuters reported that Italy's biggest bank Intesa Sanpaolo would end with immediate effect the financing of coal mining with a view to phasing out exposure to the sector by 2025. Intesa joins peers in heeding growing calls from investors to strengthen their environmental policies.

Answering questions from shareholders ahead of its annual general meeting, Intesa in April said it was reviewing its coal financing policy and would set new goals by the end of the year. Updating its policy, Intesa said it would phase out all financial services to companies operating in the coal mining sector by 2025.

Intesa's announcement comes after energy and environment ministers from the Group of 20 rich nations meeting in Naples last week failed to agree on the wording of key climate change commitments in their final communique. read more.

Source - Strategic Research Institute

voda 3 augustus 2021 08:42

15 killed in Coal Mine Explosion in Shanxi

Chinese media reported that a coal mine explosion killed 15 people in north China’s Shanxi province. Nine other people were injured by the gas explosion on Monday afternoon, which took place in a mine owned by Shangxi Pingyao Fengyan Coal & Coke Group Co. 35 miners were working underground when the blast happened, but 11 miners were able to escape.

The injured miners were in stable condition and authorities were investigating the cause of the explosion

Deadly mining accidents are common in China, where the industry has a poor safety record.

Source - Strategic Research Institute

voda 3 augustus 2021 08:42

Singareni Collieries to Take Up Naini Coal Block Work

Business Line reported that The Singareni Collieries Company Limited plans to take up work on the Naini coal block in Odisha this fiscal following the Union Ministry of Environment & Forests in-principle nod for the conversion of 783 hectares of forest land. The MoEF, in a communication to Odisha government, has informed that it has accorded in-principle nod for the conversion of the 783 acres of forest land in Angul Forest division. While the mining project requires 912.7 hactares, of this 783.27 hectares requires MoEF mandatory permissions. Of the 783 hectares, 643 hectares comes under the reserve forest area and the rest of the 140.18 hectares is in the village and overlapping forest areas.

Over the past few years, apart from expanding its own existing mines, and taking up new mines within the State, Singareni Collieries has been in pursuit of new mines in other States.

The company had completed public hearing for Naini coal blocks in January 2021. It has initially targeted 10 lakh tonnes of coal production during 2021-22.

The Naini coal block has estimated total coal reserves of 340 million tonnes of high grade coal. The company hinted that it plans to mine about 10 million tonnes of coal per year for the next 34 years.

Source - Strategic Research Institute

voda 4 augustus 2021 08:51

Arch Resources Returns to Black in Q2

US coal miner Arch Resources Inc has reported net income of USD 27.9 million in the second quarter of 2021, compared with a net loss of USD 49.3 million in the prior-year period. Revenues totaled USD 450.4 million for the three months ended June 30, 2021, versus USD 319.5 million in the prior-year quarter.

During the second quarter, Arch invested a total of USD 50 million at Leer South and has now expended a net total of USD 392 million on the project.

Arch said it is raising its 2021 capex guidance by USD 10 million to USD 210-230 million to reflect the modest amount of additional capital required to complete Leer South and to fund certain opportunistic optimization efforts at its metallurgical mines. With the addition of Leer South, Arch expects to expand its High-Vol A metallurgical output by an incremental 3 million tons annually.

Arch Resources expects to continue its positive operational and financial momentum in the second half of 2021, supported by the impending startup of Leer South, a strong coking coal price environment, and substantial contributions from the company's legacy thermal assets.

Arch said “The seaborne metallurgical market is currently strong and well-supported, with global steel output on pace to match pre-pandemic levels and global steel prices at healthy if not historic levels. Australian coking coal indices have recently returned to parity with Atlantic Basin pricing, demonstrating more-than-sufficient global coking coal demand even in the face of the continuing Chinese lockout of Australian volumes. In short, while Chinese policies are re-mapping global trade flows, The overall supply-demand balance remains constructive at present, despite growing concerns about the spread of new COVID-19 variants.”

The company said its core metallurgical segment continued to execute at a high level during the second quarter, with a 23 percent step-up in coking coal sales volume, a 26 percent increase in per-ton cash margin, and a small but meaningful reduction in costs when compared to an already strong Q1 performance.

Source - Strategic Research Institute

Bijlage:

voda 4 augustus 2021 08:51

Stanmore to Develop Isaac Downs Coking Coal Project in Queensland

Brisbane based Australian coal producer Stanmore Resources has received permits for mining leases from the Queensland state government to start work on its Isaac Downs coking coal project. The project would be an extension of Isaac Plains and it would produce up to 2.5 million tonnes per annum of saleable coking coal with a mine life of up to 10 years.

Stanmore Resources would spend AUD 47 million on project development, with total estimated costs of nearly AUD 82 million including civil construction work.

Stanmore Coal expects to ramp coal production back up to a rate of at least 2.4 million tonne per annum during July-December, after cutting sales in April-June to just 293,000 tonnes in response to weak coal prices.

Source - Strategic Research Institute

voda 5 augustus 2021 10:32

Ramappa Temple Faces Threat from SCCL Coal Mining Project

Deccan Chronicle reported that the Ramappa temple, recognised earlier this week as a world heritage site by Unesco, faces an existential threat from the proposed open cast mining project proposed to be taken up by the Singareni Collieries some 6km away. Mining for coal with frequent blasting would disturb the temple's foundation built by sandbox technology, which remained intact for hundreds of years. Notably, the Telangana High Court has passed orders to the Centre and the state government last week to conserve this structure.

Singareni is taking up a mining project for the first time in the Venkatapur mandal of Mulugu district. Some 315 hectares of forest land and 1,483 hectares of agricultural and assigned lands are being acquired. Singareni intends to produce 40.43 million tonnes of coal over a period of 19 years. The project is scheduled to begin by the end of this year.

Singareni and revenue department officials have started land acquisition. They are surveying the lands of farmers belonging to Venkatapur and Ellareddypalli villages. However, the locals are worried as the historic temple is not far from the opencast site.

The Ramappa temple protection committee is opposing the project and is urging the state to abandon it.

Source - Strategic Research Institute

voda 5 augustus 2021 10:41

MCC Mining Reports Strong Production

MCC Mining Ltd has reported solid third quarter production and sales amid a fall in production costs. In the quarter to end-June, Uitkomst run-of-mine production soared to 127,927 tonnes from 41,536 tonnes a year ago, while metallurgical & thermal coal sales were up sharply to 84,834 tonnes from 16,707 tonnes. Uitkomst is located in KwaZulu-Natal. These results were off of a low base due to the South African government-imposed Covid-19 lockdown for a large part of the comparative period, the company noted.

Revenue per tonne increased 47% to USD 84.91 per tonne from USD 57.88 per tonne a quarter prior.

Average API4 coal prices were 91% higher at USD 105 per tonne from USD 55 per tonne a year ago, thanks to increased global demand.

Source - Strategic Research Institute

voda 6 augustus 2021 08:14

CIL CCL Seeks Reconciliation of Jharkhand's Dues Demand

Jharkhand-based CIL arm Central Coalfields Ltd Chairman cum Managing Director Mr PM Prasad told PTI "We have sought reconciliation of the amount of claims from the state government.”

Jharkhand Chief Minister Hemant Soren had sought immediate payment of INR 56,000 crore dues" to the state from the coal giant

CIL has been at loggerheads with state for long over the dues and the state way back in 2014 had sought INR 25,000 crore as 'preliminary' amount from Coal India Ltd for excavating coal in the state without paying any compensation to it.

Source - Strategic Research Institute

voda 6 augustus 2021 08:15

Warrior Met Coal Miners Seek BlackRock Support to End Strike

Bloomberg reported that coal miners from states including Alabama and West Virginia picketed outside BlackRock Inc’s New York headquarters last week in a bid to get the world’s largest asset manager to pressure Warrior Met Coal Inc for better wages and employee benefits. About 120 miners and supporters descended on BlackRock’s offices in midtown Manhattan, carrying signs that read “we are one,” chanting in unison and speaking out against their treatment by the coal company. Union members from other industries joined the picket line, while truck drivers and garbage men who drove by honked in solidarity.

BlackRock was listed as Warrior Met’s biggest shareholder as recently as March 31. The firm held almost 7.5 million shares of Warrior Met at the end of March, or nearly 14.6% of the company’s outstanding shares.

Source - Strategic Research Institute

voda 6 augustus 2021 09:50

China heropent kolenmijnen vanwege stijgende energievraag
ANP Producties 22 uur geleden

PEKING (ANP/BLOOMBERG) - China heropent nog vijftien kolenmijnen om aan de stijgende energievraag in het land te voldoen, in de regio’s Xinjiang en Shanxi. Daarmee verkiezen de Chinezen het economische belang boven klimaatdoelen. Voor de noordelijke regio Binnen-Mongolië werd vorige week al de heropening van 38 kolenmijnen aangekondigd.

Hiermee probeert het Aziatische land ook de prijzen van steenkool wat te drukken. Die stegen dit jaar tot nu toe met een derde naar een recordhoogte door de enorme vraag.

De regering van president Xi Jinping blijft zoeken naar een balans tussen het terugdringen van de uitstoot van broeikasgassen en het kunnen voldoen aan de vraag naar energie, mede veroorzaakt door het aantrekken van de industrie. Chinese beleidsmakers adviseerden vorige maand nog om het tempo waarop de uitstoot in het land werd teruggeschroefd, te verlagen. Anders zou het economische groei in de weg kunnen staan.

De Chinese president beloofde eerder om China tegen 2060 CO2-neutraal te maken. Dat betekent onder meer dat 's werelds grootste vervuiler snel zal moeten omschakelen van fossiele brandstoffen naar schone energie.

voda 9 augustus 2021 08:04

China Restarting More Closed Coal Mines

China is set to resume production at several shuttered coal mines to meet rising power demand. According to a Bloomberg report, around 15 coal mines across the northern provinces will restart operations for a year. The move is expected to deliver around 44 million tonnes of coal

This comes after 38 coal mines in Inner Mongolia resumed output last week.

Source - Strategic Research Institute

Bijlage:

voda 9 augustus 2021 08:04

Canada Releases Final Decision on Grassy Mountain Coal Project

The Government of Canada recognizes the mining sector as an important economic driver in Canada. However, the mining of coal can include significant adverse environmental effects leading to impacts that matter to Canadians. Minister of Environment and Climate Change and Minister responsible for the Impact Assessment Agency of Canada, the Honourable Jonathan Wilkinson, issued a Decision Statement under the Canadian Environmental Assessment Act, 2012 for the Grassy Mountain Coal Project.

After careful deliberation and review of available and relevant information, which includes the Joint Review Panel's Report, the Minister concluded the project is likely to cause significant adverse environmental effects under CEAA 2012. The Government of Canada has determined those effects are not justified in the circumstances and therefore, the project cannot proceed.

The Minister concluded the project is likely to cause significant adverse environmental effects to:

Surface water quality, including from selenium effluent discharge

Westslope Cutthroat Trout, listed as threatened under the Species at Risk Act, and its habitat

Whitebark Pine, listed as endangered under the Species at Risk Act

Physical and cultural heritage of the Kainai, Piikani and Siksika First Nations

In addition, the Minister concluded that the project is likely to contribute to existing significant adverse cumulative effects to

Westslope Cutthroat Trout and its habitat

Whitebark Pine

Little brown bat

Current use of lands and resources for traditional purposes and physical and cultural heritage of the Kainai, Piikani and Siksika First Nations

The Government of Canada appreciates the constructive dialogue it has had with Indigenous communities throughout the assessment process. The relationships that have been formed reflect the Government of Canada's commitment to meaningful engagement and reconciliation. The comments received from all participants throughout the environmental assessment process, including the robust scientific advice received from various experts, was invaluable and allowed the Government of Canada to make well-informed decisions.

Source - Strategic Research Institute

2.846 Posts, Pagina: « 1 2 3 4 5 6 ... 123 124 125 126 127 128 129 130 131 132 133 ... 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 878,83 -3,44 -0,39% 30 apr


Germany40^	17.905,20	-1,18%
BEL 20	3.883,26	-0,09%
Europe50^	4.901,63	-1,60%
US30^	38.043,99	0,00%
Nasd100^	17.570,06	0,00%
US500^	5.063,57	0,00%
Japan225^	38.318,54	0,00%
Gold spot	2.316,04	-0,85%
EUR/USD	1,0700	+0,29%
WTI	81,58	0,00%