Beursonline.nl

voda 10 augustus 2021 07:48

0

More Miners Die in Explosion at Donetsk Coal Mine

112 Ukraine reported that two more miners have died, injured in an explosion at Pokrovske, in the burn department of Kramatorsk city hospital, Donetsk region. Ukrainian MP Mykhaylo Volynets on his Facebook wrote "Two more miners who were at the site of the explosion at Pokrovske mine on July 31 died at night. The fight for the lives and health of five other victims continues in the hospitals of Pokrovsk and Kramatorsk.”

As it was reported earlier, on July 31, in Udachne, Pokrovsky District of Kyiv-controlled Donbas, an explosion occurred at a mine. As a result of the accident, ten miners were hospitalized. Three miners died, the rest were hospitalized in serious condition.

Source - Strategic Research Institute

voda 11 augustus 2021 08:32

0

South Africa Grants Permit for Balgray Project of Buffalo Coal

Buffalo Coal Corp announces that South Africa’s Department of Mineral Resources and Energy has granted an official Environmental Authorisation to Zinoju Coal Proprietary Limited for the Balgray project. CEO Emma Oosthuizen said “The granting of this environmental authorisation is a positive development, bringing the Company one step closer to the successful execution of Balgray. Balgray is the highest priority project in Buffalo Coal’s current project pipeline and will extend the Company’s operations at Aviemore by approximately 6-7 years.”

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

Source - Strategic Research Institute

voda 12 augustus 2021 08:39

0

Strategy to Develop Coal Block Allocated to CPSEs

PTI reported that a parliamentary panel has suggested to ministries of power and coal to chalk out a plan and set up special purpose vehicle under each central public sector undertaking mainly in the power sector to develop coal mines. Parliamentary Standing Committee on Energy stated in its 18th report tabled in Parliament “The committee desires that both the ministries, power and coal, should work in tandem in this matter and jointly formulate a strategy and evolve a specialised mechanism or a Special Purpose Vehicle within the ambit of each such CPSU who have not been able to develop and utilise these earmarked coal blocks.”

Since the development of coal blocks and mining is a complex matter requiring expertise not entirely available with the CPSU, the committee would urge the Ministry of Coal also to step in and try to do handholding of the CPSUs who have been allocated coal mines but are unable to develop and utilise them, it stated in the report. It noted a total of 65 coal blocks have been allocated to power sector under various Acts.

Out of 65 coal blocks, 16 having geological reserve of 9,028 million tonnes and peak rated capacity of 152 million tonnes per annum have been allocated to central power sector public sector undertakings. The PSU-wise breakup of allocated coal blocks is: 10 to NTPC, 2 to DVC, 1 to THDC and 3 to NLC. However, it stated that out of these 16 coal blocks allocated to CPSUs, only 5 have reached the stage of production so far.

Source - Strategic Research Institute

voda 13 augustus 2021 09:22

0

CONSOL Energy Announces Results for Second Quarter 2021

CONSOL Energy Inc has reported financial and operating results for the period ended June 30, 2021. CONSOL Energy Inc President &Chief Executive Officer Mr Jimmy Brock said “In the second quarter of 2021, customer demand remains robust and we furthered our pivot to the export markets by selling approximately 55% of our total sales volume internationally. “

Second Quarter 2021 Highlights Include

GAAP net income of USD 4.2 million including USD 20.4 million of unrealized mark-to-market losses related to commodity derivatives

Quarterly adjusted EBITDA1 of USD 84.4 million

Coal shipments of 5.9 million tons, of which 55% went into the export market and 47% into non-power generation applications;

Source - Strategic Research Institute

voda 16 augustus 2021 08:27

0

2 Killed in Accidents at West Virginia Coal Mines

AP reported that two employees have died in separate accidents at coal mines in West Virginia this month. Timothy Keith Collins, 53, of Mill Creek, died in an accident Wednesday in Randolph County. He was an independent coal truck driver. According to an incident report, the accident was reported shortly after 5 AM at Carter-Roag Coal’s Morgan Camp Mine. Collins had pulled his loaded coal truck off to the side of a haul road located between the mines and a cleaning plant. Collins was walking around the side when a truck ran over him.

On August 4, Jeffrey Allen Hudnall, 60, died in an accident at Marfork Coal in the Raleigh County community of Packsville. A caller to 911 reported that Hudnall was working on top of a loader, lost his balance and fell to the ground, knocking him unconscious, according to an incident report.

The deaths brings the number of fatal incidents at West Virginia coal mines to five this year. There have been three other such deaths nationally, in Pennsylvania, Utah and Wyoming.

Source - Strategic Research Institute

voda 16 augustus 2021 08:28

0

CEZ to Stop Mining Brown Coal in Northern Bohemia by 2038

Czech Radio reported that Northern Bohemian brown coal mines belonging to the majority state-owned Czech energy conglomerate CEZ will stop mining activity by 2038 at the latest. CEZ Group Chief Financial Officer Martin Novák said “Brown coal mining on Czech territory will become unprofitable once it is no longer possible to use inside the country. This is because brown coal is not an internationally traded commodity like black coal and transporting it to other markets is not economically feasible.”

The original deadline counted on mining operations ceasing by 2050.

The news of CEZ moving its deadline comes more than half a year after the Czech Republic’s Coal Commission recommended that the commodity be phased out of energy production by 2038. The Czech government has since taken the advice into consideration, but without setting up a definitive deadline. Meanwhile, the European Union has been pushing strongly for increasing the share of renewable sources in energy consumption.

Source - Strategic Research Institute

voda 17 augustus 2021 08:50

0

Arnot Mine to Supply Coal to ESKOM

IOL reported that South power producer ESKOM has entered into an agreement with Arnot OpCo (Pty) Ltd for the supply of coal for the Arnot Power Station. In terms of the agreement, Arnot OpCo will supply the full coal requirement for the life of Arnot Power Station. The coal is of high quality, and if the need arises, it may be used at other stations. The contract has an exit clause after six years that may allow both parties to cancel the contract.

The agreement serves to secure coal supply and to meet the burn requirements of the power station by conveyor belt, replacing the current supply by road from various sources on short- to medium-term contracts, some of which were signed under emergency and urgent procurement. This transaction paves way for Eskom to reduce the costs of operating the Arnot Power Station while securing high quality coal at affordable prices.

Arnot OpCo is half-owned by 1 038 former Exxaro Resources employees who were retrenched in 2015 from the Arnot Mine in Middelburg, Mpumalanga. JSE-listed Wescoal Holdings owns the other half of Arnot OpCo. These employees lost their jobs at the expiry of the previous coal supply agreement in 2015, which resulted in Exxaro decommissioning the mine. Since 2016, the former employees embarked on a process to acquire, reopen and to operate the mine.

Source - Strategic Research Institute

voda 17 augustus 2021 08:51

0

Warrior Met Coal Strike Enters Fifth Month

WSWS reported that on August 4, the United Mine Workers organized a rally in the small town of Brookwood in Alabama for the Warrior Met Coal strike, which entered its fifth month on August 1. Over 1,000 miners walked out of the mines on April 1 after rejecting the union’s first tentative agreement with the company. As the strike has dragged on, miners have been subject to violence, including multiple instances of vehicular assault, and exhaustion as they struggle to maintain the picket lines while also supporting their families. The mainstream media has largely ignored the strike.

Over the course of the strike, the UMWA has focused its public appeals on claims that the company is “not bargaining in good faith.” At the beginning of the strike, Larry Spencer, UMWA District 20 International Vice-President and AFL-CIO Alabama South District president-at-large, stated that the company had sent human resources officials to bargain individually with workers.

While the company is determined to crush the resistance of workers, the UMWA’s use of this phrase is designed to reframe the strike away from workers’ key demands relating to wages, benefits and working hours. The strike was “Not about the pay,” one UMWA claimed early on in the strike.

This was a clear indication that the UMWA, which had not called a strike since 2007, is concerned only that the company work with them to implement concessions.

Source - Strategic Research Institute

voda 18 augustus 2021 10:12

0

BHP Mitsui Coal signs Native Title Agreement with Aboriginal Group

Mining Technology reported that BHP Mitsui Coal has signed a native title project agreement with Barada Barna Aboriginal Corporation, representing the Barada Barna people, for South Walker Creek mine in Central Queensland. The Barada Barna people are the native title holders of an approximately 3,000 square kilometers area in Central Queensland. The area includes the South Walker Creek Mine.

This agreement with BMC is expected to provide these people with immediate and intergenerational benefits for Barada Barna and BMC. It will help provide financial support for community projects, enabling the Barada Barna people to live and work on-country. The agreement also ensures financial security for socio-economic purposes and non-financial support to these people through contracting, employment, education, business, and training opportunities.

Additionally, the agreement allows the parties to jointly work on cultural heritage management and protect areas of cultural and environmental significance.

Source - Strategic Research Institute

voda 18 augustus 2021 10:13

0

Coal India Investing in First Mile Connectivity Projects

State-owned Coal India will be infusing INR 14,000 crore till 2024-25 in first-mile connectivity infrastructure in two phases. CIL said it has taken steps to upgrade the mechanised coal transportation and loading system under 'First Mile Connectivity' projects. In phase-I, 35 projects had been tendered out of which four projects of 30 MTPA have been commissioned. Total capacity involved in this is 414.5 MTPA. In phase-II, 14 projects with total capacity 100 MTPA will be taken up which will require an investment of INR 3,500 crore

Meanwhile, Coal India plans to clear 18 mining projects having a capacity of 144 million tonne to be approved in FY22. Out of this, two mining projects had been approved by CIL and its subsidiaries in the first quarter of FY22 with a rated capacity of 36 MTPA and sanctioned capital of INR 3,389.95 crore.

Source - Strategic Research Institute

voda 19 augustus 2021 07:57

0

Ukrainian DTEK Selling Coal Mines to Armenian Yelena Hovhannisyan

Ukrainian businessman Mr Rinat Akhmetov’s company DTEK is selling its coal mine companies Donskoy Antratsit joint-stock company, Sulinantratsit open joint-stock company and Obukhovskaya Mines Management joint-stock company based in Rostov Region. Accordig to Kommersant, the Cypriot Valleyton Investments Limited might purchase the mines. The Federal Anti-Monopoly Service has already approved the company’s petition to receive entitlements that will provide the opportunity to determine the terms for operation of the companies belonging to DTEK in Don.

According to the register in Cyprus, the owner of Valleyton is citizen of Armenia Yelena Hovhannisyan, but this name isn’t widely known in the coal market

DTEK announced plans to sell its coal mines in Rostov Region in June. One of the reasons for the sale is the “green” energy company’s orientation.

Source - Strategic Research Institute

voda 19 augustus 2021 08:16

0

Coal India’s E-Auction Allocation up This Year

State-owned Coal India said its e-auction allocation stood at 35.5 million tonnes during April-July 2021 under five auction categories, registering a sharp 28.6 per cent increase over the same period a year ago. Its e-auction allocation was 27.6 million tonnes in the corresponding four months of the 2020-21 fiscal. Coal India Ltd’s actual e-auction net sales were worth over INR 4,700 crore during the first quarter of the ongoing fiscal, posting a jump of 87 per cent year-on-year.

The sale volume was 30.2 million tonnes in the June quarter this fiscal as against 15.9 million tonnes in the same period last year when the pandemic slowed down the sales. With international coal prices spiraling upwards with no signs of let up, consumer preference for domestic coal is seemingly gaining ground.

Source - Strategic Research Institute

voda 20 augustus 2021 08:57

0

Cokal Coal Update on PT Tambang Benua Alam Raya Project

Cokal Limited has received three complying tenders for resource delineation drilling and geophysical logging at its TBAR licence area in the Puruk Cahu Regency of Central Kalimantan. Cokal is the 75% owner and manager of the development of this lease. Cokal has elected to initially assess the most prospective 500 ha of its 18.850 ha licence area at TBAR so it can quickly move to a JORC compliant evaluation of Resources and Reserves and obtain relevant mining permits to enable the development of the TBAR deposit. The access road being developed for BBM has now reached the TBAR lease. This will facilitate access for the drilling campaign

Resource delineation comprises open hole drilling, coring and geophysical logging with associated coal quality and geotechnical analyses, all to the standard required for the JORC Resource estimation. This will provide the information required to undertake initial mine planning for TBAR. It will be the first of several drilling programmes to delineate the TBAR coal seams as part of a comprehensive deposit evaluation.

The coal haul road from BBM to the jetty at Bumban passes through the TBAR deposit. This will facilitate the logistics of mine development and operation with a 75km haul road from TBAR to a jetty close to that being developed for the BBM mine.

Source - Strategic Research Institute

voda 20 augustus 2021 08:58

0

Ukrainian DTEK Selling Coal Mines to Armenian Yelena Hovhannisyan

Ukrainian businessman Mr Rinat Akhmetov’s company DTEK is selling its coal mine companies Donskoy Antratsit joint-stock company, Sulinantratsit open joint-stock company and Obukhovskaya Mines Management joint-stock company based in Rostov Region. Accordig to Kommersant, the Cypriot Valleyton Investments Limited might purchase the mines. The Federal Anti-Monopoly Service has already approved the company’s petition to receive entitlements that will provide the opportunity to determine the terms for operation of the companies belonging to DTEK in Don.

According to the register in Cyprus, the owner of Valleyton is citizen of Armenia Yelena Hovhannisyan, but this name isn’t widely known in the coal market

DTEK announced plans to sell its coal mines in Rostov Region in June. One of the reasons for the sale is the “green” energy company’s orientation.

Source - Strategic Research Institute

Bijlage:

voda 23 augustus 2021 08:13

0

Mechel’s Yuzhny Kuzbass Appoints Mr Podmazhenko as New MD

Mechel’s coal company Yuzhny Kuzbass announced changes in management. Andrey Podsmazhenko, who previously held the position of director of the company's operations department, has been appointed Managing Director of PJSC Yuzhny Kuzbass. In this post, he replaced Igor Ritikov.

Podmazhenko Andrey Petrovich

2012-2020 - Technical Director of OJSC Yuzhny Kuzbass, Director of Operations Department of PJSC Yuzhny Kuzbass

2009-2012 - Technical Director of the Open Coal Mining Department of OJSC Yuzhny Kuzbass.

2006-2009 - Head of the Quality Department of the Sales Directorate of OJSC Yuzhny Kuzbass.

2004-2006 - Deputy Chief Engineer for processing and preparation for shipment of the Krasnogorsky open-pit mine.

1998-2004 - Head of the Department of Resources and Quality at the Krasnogorsky open-pit mine.

1991-1998 - mining foreman at the Krasnogorsky open-pit mine

1986-1987 - delivery worker at the site of drilling and blasting operations, assistant driver of an excavator at the Krasnogorsky open-pit mine

Education: Kuzbass Polytechnic Institute, Mining Faculty.

Source - Strategic Research Institute

voda 23 augustus 2021 08:13

0

Rescue On for 19 Trapped Coal Miners in China

Xinhua reported that more than 900 rescuers are racing against time to search for 19 workers trapped in a coal mine flooded by mud at an altitude of more than 3,700 meters above sea level in northwest China's Qinghai Province. The accident happened on Saturday at noon when there were 21 people working in the mine located in Gangca County, Haibei Tibetan Autonomous Prefecture. Two miners made it to the surface, including one who was confirmed dead, while the rest remain trapped

According to the rescuers, the water level in the mine surged one meter after the mudslide. At the mine about 65 km away from the county seat of Gangca, various rescue forces are dredging, pumping out water and improving ventilation in the mine shaft.

Source - Strategic Research Institute

voda 23 augustus 2021 08:14

0

Ms Gina Rinehart Takes Canada to Court over Grassy Coal Mine

Australian billionaire Ms Gina Rinehart versus the Canadian government as the miner seeks to challenge a decision by the federal environment minister to reject her metallurgical coal mine project in the Rocky Mountains in Canada. Benga Mining, a subsidiary of Riversdale Resources which was taken over by Mrs Rinehart’s Hancock Prospecting two years ago, launched an appeal last month in Alberta to reverse a decision by the province’s energy regulator that the Grassy Mountain coal project should not go ahead. Benga launched legal action in Alberta’s court of appeal in July disputing assertions by the regulator it had not provided enough information and saying it had misconstrued environmental evidence and asked the minister in a letter to hold off on any decision until after the challenge. The miner also contended the regulator had ignored support by First Nations representative groups for Grassy Mountain. The Piikani Nation and the Stoney Nakoda Nations also launched provincial appeals.

The project, which would have a mine life of 23 years and extract 4.5 million tonnes of metallurgical coal a year for use in the steel-making industry, needed both provincial and federal approval. The Alberta Energy Regulator refused to grant provincial permits in June because of adverse impacts on water quality in the mountains and a species of trout, effectively sinking the project before federal consideration even took place. But Canada’s Federal Minister of Environment and Climate Change Jonathan Wilkinson was still required to take on the regulator’s report and make his own decision about whether the project was likely to cause significant environmental damage.

Source - Strategic Research Institute

voda 24 augustus 2021 08:38

0

Yuzhny Kuzbass Launches New Dump Trucks

Mechel’s coal company Yuzhny Kuzbass has launched 4 BelAZ mining dump trucks with a carrying capacity of 220 tons. Thanks to the new technology, the company plans to increase stripping and production volumes by the end of the year. The equipment is equipped with reliable motors with an electronic control system, a centralized lubrication system and a coolant heater for smooth operation in winter. The cars use the online dispatching system implemented in Yuzhny Kuzbass, which allows increasing the safety and efficiency of labor, keeping records of production processes.

In the near future, five more dump trucks will be put into operation: two with a carrying capacity of 130 tons for the transportation of overburden and three coal carriers BelAZ-75138, as well as 13 Scania vehicles. The commissioning of additional equipment will increase labor productivity.

Source - Strategic Research Institute

Bijlage:

voda 24 augustus 2021 08:40

0

Coal India CAPEX in Q1 of 2021-22 Surges

As Coal India steps up investment, its growth in capital expenditure during the first quarter of the fiscal more than doubled at 118% to INR 1,840 crore from INR 844 crore during the same quarter last fiscal . CIL in the current quarter has made investments in creating a better evacuation infrastructure, land acquisition for expansion of mines and procuring heavy equipment for enhancing production, with a target to be a net zero company by 2024.

CIL’s growth in capex during the first quarter has mainly happened on account of infrastructure spending like setting up rail sidings and corridors, coal handling plants, silos and haul roads, which has given a quantum leap to spending over the first quarter of FY21.

CIL has pegged its capex target at INR 17,000 crore for FY22, a 28% increase over the actual capital expenditure of INR 13,284 during in FY21.

Source - Strategic Research Institute

voda 24 augustus 2021 08:47

0

Sumitomo to Sell Stake in Rolleston Coal Mine to Glencore

Japanese trading house Sumitomo Corp has agreed to sell its 12.5% stake in the Rolleston thermal coal mine in Australia to its partner Glencore PLC for an undisclosed sum. Glencore will own 100% of the mine after the deal.

The move comes in line with the Japanese company's policy to tackle climate change, which was revised in May and included a goal to cut its thermal coal output to zero by 2030. Sumitomo's remaining interest in thermal coal mines is a 37.13% stake in the Clermont mine in Australia, but the company plans to keep its stake as the mine life is expected to end by 2030.

Source - Strategic Research Institute

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	2.318,16	-0,76%
EUR/USD	1,0717	+0,45%
WTI	81,58	0,00%

Corbion	+2,70%
B&S Group SA	+1,20%
Ahold Delhaize	+1,17%
ForFarmers	+1,04%
OCI	+1,00%

VIVORYON THER...	-13,94%
EBUSCO HOLDING	-5,50%
ACOMO	-4,69%
Air France-KLM	-4,29%
Arcadis	-3,88%

Energie « Terug naar discussie overzicht

Coal

Meedoen aan de discussie?

Direct naar Forum

Markt vandaag

Aandelenadviezen van IEX.nl

Stijgers

Dalers