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voda 20 december 2018 19:32

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Thiess secures AUD 150 million Caval Ridge extension in Queensland’s Bowen Basin

Thiess has secured a AUD 150 million contract extension with BHP Billiton Mitsubishi Alliance’s Caval Ridge coal mine in Queensland’s Bowen Basin. The variation will see Thiess mine additional overburden through until 2020 as per the terms of the contract, after commencing work at Caval Ridge in November 2017. Thiess will continue to provide mining services for specific components of work including the services required for Caval Ridge Southern Circuit.

Mr Michael Wright, CIMIC Group Chief Executive Office, said that “This award builds on our relationship with BMA and reinforces Thiess commitment to delivering value for our clients.”

Source : Strategic Research Institute

voda 20 december 2018 19:34

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Spain to close last coal mines by the end of the year

Planet Ark reported that Spain’s last 10 privately owned coal open-pits will be closed by the end of the year in a move many hope will bring a cleaner, greener future. Planet Ark’s Liam Taylor writes “During the 1960s Spain’s coal industry employed over 100,000 miners with mining culture taking root in communities across the country. The once thriving industry has been brought to its knees by a combination of economic realities: cheaper imports from developing countries, falling renewable energy prices and binding EU targets to reduce emissions. These economic influences, along with growing awareness of the environmental costs of burning coal, have made mining coal in Spain untenable. There are justified concerns that closing the industry risks increased unemployment and social dislocation, particularly in regions in the country’s north where about 1,000 people still work the mines. However, it is hoped a ‘just transition’ deal brokered by unions and the nation’s newly instated government will ease the move away from coal.”

Taylor writes “Over EUR 250 million has been assigned to supporting laid-off miners and mining communities through a combination of compensation payouts, environmental restoration work in pit communities and reskilling to allow for employment in low-carbon jobs and green industries. Many believe that with the political will to do so, this ‘just transition’ model could be effectively exported and applied elsewhere to hasten the transition away from fossil fuels and towards renewables.”

Montserrat Mir, the Spanish confederal secretary for the European Trades Union Congress “We have shown that it’s possible to follow the Paris agreement without damage to people’s livelihoods. We don’t need to choose between a job and protecting the environment. It is possible to have both.”

Source : International Mining

voda 20 december 2018 19:40

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The unregulated, lethal and corrupt world of Meghalaya’s illegal rat-hole mines - Report

DownToEarth reported that it has been two days since 13 workers got trapped in an illegal rat-hole mine in the East Jaintia Hills district of Meghalaya. On the morning of December 13, the mine, which the authorities say is around 320 feet deep, was flooded by a nearby river, trapping the miners. The water in the mine is 70 feet deep. Meghalaya Chief Minister Mr Conrad Sangma told the media "The focus is on the rescue operations in the area. We are concerned about them. The National Disaster Response Force (NDRF) and the police are leading the operation. We admit that illegal mining was going on. We will take action. This is not acceptable."

A rat-hole mine is made by digging pits ranging from 5 to 100 metres into the ground to reach the coal seam. Thereafter, tunnels are made sideways into the seam to extract the coal. Coal seams are reached by excavating the side edge of the hill slopes after which, coal is extracted through a horizontal tunnel. The coal from the tunnel or pit is taken out and dumped on nearby un-mined area from where it is carried to the larger dumping places near highways for its trade and transportation.

However, these rat-hole mines are spread throughout Meghalaya, but are mostly concentrated in the Jaintia Hills, the South Garo Hills around the towns of Baghamara and Nangalbibra, and the area around Nongjri and Shallang in the West Khasi Hills.

Source : DownToEarth

Bijlage:

voda 20 december 2018 19:41

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European coal market prices set for fresh highs on utility demand

Montel reported that European coal prices may extend this morning’s six-week highs ahead of the Christmas holidays on the back of increased utility demand and a bullish related gas market. The API 2 front-month contract traded last up USD 0.25 from Friday’s close at USD 91 per tonne, while the front year was also USD 0.25 higher at USD 89.75 per tonne, on Ice Futures. These were the highest levels since 12 and 13 November, respectively. Analysts pointed to a likely rise in demand, as depleting stocks at European dry bulk terminals provided space for further seaborne deliveries. Barge shipments were severely restricted in recent months due to low river levels but waters have risen significantly over the past couple of weeks allowing generators to shift increased volumes inland, to replenish plant inventories.

A coal analyst with a European trading house, said that “Higher Rhine river levels [in Germany] allow for barging coal out of [Amsterdam, Rotterdam and Antwerp], making space for repurchases.”

Although, levels at the main river indication point of Kaub – on the Rhine – are forecast to decline 17% this week to 114cm, this is still notably higher than the low of just 25cm seen in October.

Source : Montel News

voda 20 december 2018 19:49

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Global coal demand set to remain stable through 2023, despite headwinds - IEA

According to the International Energy Agency’s latest coal market report, Coal 2018, while global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as declines in Europe and North America are offset by strong growth in India and Southeast Asia. Air quality and climate policies, coal divestment campaigns, phase-out announcements, declining costs of renewables and abundant supplies of natural gas are all putting pressure on coal. As a result, coal’s contribution to the global energy mix is forecast to decline slightly from 27% in 2017 to 25% by 2023. But coal demand grows across much of Asia due to its affordability and availability. India sees the largest increase of any country, although the rate of growth, at 3.9% per year, is slowing, dampened by a large-scale expansion of renewables and the use of supercritical technology in new coal power plants. Significant increases in coal use are also expected in Indonesia, Vietnam, Philippines, Malaysia and Pakistan.

Coal in China accounts for 14% of global primary energy, the largest around in the world. Developments in the Chinese coal sector have the potential to affect coal, gas and electricity prices across the world, for instance through inter-fuel substitution or regional arbitrage. This puts China’s coal sector at the centre of the global energy stage. While China accounts for nearly half of the world’s coal consumption, its clean-air measures are set to constrain Chinese coal demand going forward. We forecast Chinese coal demand to fall by around 3% over the period.

Meanwhile, in a growing number of countries, the phase out of coal-fired generation is a key policy goal. But market trends are proving resistant to change.

Mr Keisuke Sadamori, Director of Energy Markets and Security at the IEA, said that “The story of coal is a tale of two worlds with climate action policies and economic forces leading to closing coal power plants in some countries, while coal continues to play a part in securing access to affordable energy in others. For many countries, particularly in South and Southeast Asia, it is looked upon to provide energy security and underpin economic development.”

Source : Strategic Research Institute

Bijlage:

voda 20 december 2018 20:20

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Israel to stop electricity production from coal by 2030

Reuters reported that Israel would stop the use of coal by 2030, joining a host of other countries in an alliance that aims to transition to cleaner sources of energy. The Powering Past Coal Alliance launched by Canada and Great Britain, seeks to gradually reduce the production of electricity from coal and to support clean energy in government and corporate policies. It supports a reduction in the use of coal in OECD countries by 2030 and the world by 2050. Some 28 countries have already joined the PPCA.

Isarel Energy Minister Yuval Steinitz said his ministry was “working to accelerate the entry of clean and renewable energies into Israel and would continue to act to reduce air pollution”.

Israel has been reducing coal use and shifting to natural gas. The energy and environment ministries, in a joint statement, noted that steps in recent years have led to a 25 percent drop in electricity production from coal since 2015, while the emission of pollutants have fallen tens of percent.

Source : Reuters

voda 21 december 2018 16:27

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EU agrees 2025 coal subsidy phase out rules

Business Green reported that European Commission agreed a deal to reform of electricity market rules across the EU, including a 2025 cut-off date for coal subsidies. The deal concludes a package of new laws designed to help renewables grow to more than 50 per cent of EU's electricity generation by 2030. The new rules mean only power plants emitting less than 550g of CO2 per kilowatt hour can claim state subsidies from 2025, a threshold which effectively rules out any cash going to coal-fired power plants.

Subsidies for power plants in the EU are usually delivered through capacity market mechanisms, where states pay generators for providing back-up power during times of peak demand.

Mr Miguel Arias Canete, the EU's Commissioner for climate action and energy, said he was particularly pleased negotiators had managed to settle on a "balanced" approach to capacity mechanisms. He said that "Capacity mechanisms will not be used as a backdoor subsidy of high-polluting fossil fuels as that would go against our climate objectives.”

But to appease Poland, which still generates more than 80 per cent of its electricity from coal, EU leaders agreed to a grandfathering clause that allows power generators with contracts signed before December 31 2019 to be exempt from the new emissions limit.

There are also growing fears the EU is not moving fast enough to roll out green energy. New research from the European Environment Agency on Wednesday warns Member States are set to miss their 2030 renewable energy targets if action is not ramped up.

Source : Business Green

voda 21 december 2018 16:30

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67 US coal fired power plants violating federal and state pollution standards

Earth Justice numerous utilities have just disclosed that toxic waste from 67 coal-fired power plants have led to harmful amounts of chemicals in nearby groundwater in excess of state and/or federal standards in Alabama, Alaska, Arizona, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, Montana, New Mexico, North Carolina, Pennsylvania, South Carolina, Utah, Virginia, West Virginia, and Wyoming. On December 14, Earthjustice discovered the admissions made on major utilities’ websites. The information was buried on company websites, and only someone knowing what to look for could discover the notices.

The companies that made the admissions include Duke Energy, Southern Company, Alabama Power, Ameren, APS, Berkshire Hathaway Energy, Big Rivers Electric Corporation, Dominion, Georgia Power, Golden Valley Electric Association, Grand Haven Board of Light and Power, Gulf Power, Jacksonville Electric Authority, Lakeland Electric, LG&E (KU), Mississippi Power, NRG, PacifiCorp, Talen Energy, and Westar.

This news illustrates that we still haven’t solved the problem of coal ash as we approach the 10-year anniversary of the Kingston coal ash spill one of the worst environmental disasters in our history. On Saturday, a memorial service will be held in Harriman, Tennessee, to honor the sacrifice of the more than 30 workers who died following the cleanup of toxic ash and more than 200 workers who are suffering injuries as a result of the cleanup. Just this fall, flood waters from hurricane Florence carried toxic chemicals from a Duke Energy coal ash landfill into a lake in North Carolina.

The utilities’ announcements indicate the contamination is severe enough at all 67 coal plants to require cleanups pursuant to the 2015 coal ash rule. Yet the Trump administration delayed the closure of many of these leaking toxic dumps in a rule finalized last July, putting people’s health at risk. Representing a coalition of environmental and health advocates, Earthjustice, Environmental Integrity Project and the Sierra Club have challenged the rollbacks in the DC Circuit, following that court’s August decision that EPA must strengthen not weaken federal coal ash protections. Yesterday, the groups asked the court to strike down EPA’s unlawful delay of the deadlines for the most dangerous coal ash impoundments to close.

Thanks to the current coal ash rule, which is still in effect, owners of coal plants must disclose when they are exceeding federal limits on groundwater contamination of the worst toxins, like arsenic, chromium, lead, and radioactivity. It’s expected that many more coal plants across the nation will soon join the 67 that have issued the disclosure.

Violating federal levels of these dangerous chemicals in groundwater near coal ash dumps mean utilities have to start immediately preparing cleanup plans to restore groundwater to its original condition — free of the harmful chemicals. Never before have coal plants been required by federal law to clean up their groundwater.

Ms Lisa Evans, Senior Counsel, Earthjustice and a former attorney with the EPA, stated that “For the first time, utilities have admitted that they’ve violated federal and state groundwater standards by polluting our water with toxic coal pollution. It is long past time for coal plants to clean up the toxic mess they’ve made. But instead of moving to protect people from cancer, the Trump administration wants to allow these polluters to escape their cleanup responsibilities. This Christmas gift to the coal industry must be stopped. The price tag is too steep.”

Source : Earth Justice

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voda 21 december 2018 16:59

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Australian competition bodies at odds over key thermal coal port Newcastle's regulation

Platts reported that the Australian Competition and Consumer Commission and the country's National Competition Council are at odds, with the latter saying Wednesday that key coal export Port of Newcastle's shipping channel should be freed from government regulation. ACCC said “The shipping channel is the only commercially viable means of exporting coal from the Hunter Valley region in New South Wales. It is extremely concerned about the potential removal of regulation of the shipping channel service following the release of the NCC's preliminary view to recommend that Australia's treasurer revoke declaration of the service.”

The ACCC's chair Mr Rod Sims said that "Removal of regulation of the port would be an extremely disappointing outcome and would have significant implications for all users of monopoly infrastructure," adding that it would mean the port is an unregulated monopolist that is able to determine the terms and conditions of its access with little constraint.

Mr Sims said that "It would be reasonable to expect that, without regulation, further price increases at the port would follow and this would be a bad outcome for users and the economy."

After Newcastle port's privatization in 2014 on a 98-year lease, charges for ships entering the port were raised 40% to AUD 0.69 per gross tonne. Port of Newcastle Operations, the privatized entity that owns the port, further increased user chargers for the shipping channel to AUD 0.76/gross tonne in 2018, before Glencore appealed to the ACCC and it ordered the charge to be cut to AUD 0.61 per gross ton.

Source : Platts

voda 21 december 2018 17:00

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Tests confirm on Lytein river water entered coal mine in Meghalaya - NDRF

The Shillong Times reported that tests done on water samples collected from the flooded main shaft and the Lytein river in East Jaintia Hills have confirmed that the water which entered the rat hole mine where 14 miners are trapped since last Thursday, is from the river. NDRF director of mines safety had asked the authorities to examine whether the pH of samples of water of the main shaft of the mine matched with that of the water of river and abandoned quarries nearby. Mr Santosh Kumar, assistant commandant, NDRF (1 st Battalion), said that "We have conveyed the test results to the government. Now that it is confirmed that the river water and the shaft water is the same, it will be very difficult to pull out the water. But, we are putting our best efforts to extract as much water as we can."

Given the outcome, the odds are heavily stacked against the rescue operation, with incessant rain since Monday evening making the mission all the more difficult and dangerous. None of the trapped miners have been detected till Tuesday evening, as the water level in the main shaft could not be reduced to the desired level with two operational pumps. Four to five pumps, which are old, have broken down during the extraction process.

Source : The Shillong Times

voda 21 december 2018 17:01

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Greek village to sink into the ground cause by coal mining - Report

Associated Press reported that if earthquakes struck in slow motion, the results might be visible in a place like the Greek village of Anargyri, a hardscrabble enclave in a black landscape gutted by coal mining. The village in northern Greece once had more than 400 people. Now it has fewer than 50, after being torn apart over decades. Its roads are slowly buckling, its door frames have shifted, its walls and home foundations have cracked beyond repair. Residents are leaving not in panic but out of desperation. One after another, the tiny villages in Greece’s lignite belt have been destroyed by mining as the ground becomes too unsteady to hold homes upright. Bells at one church in the area are not rung regularly for fear of causing more cracks in the walls.

Cattle farmer Michalis Bitas first noticed the damage to homes in Anargyri in 1986. He said that “That’s when mining started locally. It slowly began to eat up the houses before it went on to eat us up too.”

Bitas is from one of the few dozen households in the village who have refused a power company’s offer to move them to a rented apartment in a nearby town. These villagers are demanding full compensation for their homes — a right only granted by law if mining occurs directly below a settlement. “I have sheep and machinery. What am I supposed to do? Move them into an apartment?” Bitas said.

Heavy-duty coal excavators and vehicles on the horizon near the village look like toy trucks, dwarfed by the scale of the blackened mining fields.

However, Greek is still hooked on coal, despite warnings about the dire consequences of global warming issued both by a new scientific report and experts at the recent U.N. climate talks in Poland and despite ambitious European Union-wide targets to replace coal use with renewable energy.

Currently, Greece is the world’s 12th largest producer of lignite — known as brown coal — mining 36 million tons annually, according to US federal government energy data. Lignite is a low-grade coal that throws off higher carbon dioxide emissions than black coal. It is often burned near where it is mined since its low energy density makes it too expensive to transport very far.

Source : Associated Press

Bijlage:

voda 21 december 2018 17:02

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Aspire Mining fully-funded to progress Ovoot - Mr Paull

Aspire Mining Ltd managing director Mr David Paull spoke to Proactive Investors about the company’s recent strategic financing and its development of the Ovoot Coking Coal Project in Mongolia. He said that “We’re well-funded now to complete the pre-feasibility study, and feasibility studies, that are required to confirm the early development project for Ovoot.”

Mr Paull said that “The early development project comprises both the mine site mine planning exercise for the carve-out of the low-ash, high-yielding section of the Ovoot project and also establishing a direct haul road. We’re looking at a combination of diesel genset as support for a solar power station so that’s an interesting occurrence where you’ll have a coal mine operation using solar as its predominant power source, which is a sign of the times.”

Source : Proactive Investors

voda 21 december 2018 17:03

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Noble Group completes USD 3.5 billion restructuring to emerge as unlisted coal-trading firm

Reuters reported that Noble Group, the once mighty commodity trader, on Thursday completed its drawn out USD 3.5 billion debt restructuring to emerge as a smaller, unlisted Asia-focused coal-trading business. The completed restructuring effectively closes the saga of Noble‘s collapse from Asia’s biggest commodity trader with a market value of over USD 6 billion to less than USD 80 million that began in February 2015 when its accounting practices were questioned by Iceberg Research. To bolster itself, Noble sold billions of dollars of assets, took hefty writedowns and cut hundreds of jobs, while defending its accounting. Noble Group said in a statement to the Singapore Exchange said that “The completion of the company’s restructuring allows the company’s business to move forward under its new holding company,Noble Group Holdings Ltd.”

The statement said that seventy percent of the shares of Noble Group Holdings will be held by a so-called special purpose vehicle representing the previous company’s creditors, with 20 percent held by the shareholders of the previous company and 10 percent by the management. The debt-for-equity restructuring plan was in the works for nearly two years but was thrown into disarray after Singaporean authorities last month started investigating the company. The authorities blocked the relisting of the restructured company on the SGX because of concerns about its financial position.

Trading in Noble shares was suspended last month. That forced Noble to push ahead with the restructuring by asking a Bermuda court to appoint an officer, known as a “light-touch” provisional liquidator, to facilitate the process. The provisional liquidation program allows a company “in the zone of insolvency” to move forward with a restructuring while any actions to wind up the company by creditors are on hold, according to an industry note issued in July by Bermuda-based law firm Taylors, part of global law firm Walkers. The provisional liquidator will stay in office pending further discussions by the creditors and decisions by the Bermuda court, the statement said.

Source : Reuters

voda 21 december 2018 17:03

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Mechel prolongs coal supply contract with China’s Jidong Cement

Mechel reported prolonging the contract for coal supply with China’s Jidong Cement, one of the world’s top cement producers, until the end of 2019. According to the agreement, during this year Mechel will supply its Chinese partners up to two million tonnes of thermal coal mined at the company’s South Yakutia facilities, Elgaugol OOO and Yakutugol Holding Company AO. Monthly supplies will vary from 100,000 to 150,000 tonnes of coal products. Prices will be adjusted on a monthly basis following negotiations and on the basis of index rates.

Mechel Mining Management OOO’s Chief Executive Officer Mr Pavel Shtark commented “This is a third major contract signed by Mechel and Jidong Cement. I am sure that our ties will continue to develop in a constructive manner in the future. It is also important to note that Jidong Cement is a key customer of Elga’s thermal coal in Asia - in 2017 we supplied our Chinese partners with 1.9 million tonnes and another 1.4 million in 2018. In 2019 we plan to export thermal coal from Elga in comparable volumes.”

Source : Strategic Research Institute

voda 21 december 2018 17:04

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No shortage of coal in the country - Mr Goyal

Hindu Business Line reported that there is no shortage of coal in the country right now, Mr Piyush Goyal, minister for Coal informed the Lok Sabha. He said that “There is no shortage of coal for the power plants. During April-November 2018, CIL has supplied 315.94 million tonnes of coal to the power sector at a growth of more than 8 per cent compared to the supply of 291.78 mt in the corresponding period of last year. As per the Central Electricity Authority report during the April-November 2018, total coal-based generation has been 99.16 per cent of the programme generation with a growth of 5.50 per cent over the corresponding period of last year. This has been possible due to increased supply of coal to the power sector.”

As per the CEA report, coal stock at power houses as on December 16, 2018 stood at 15.52 mt as against a stock of 12.20 mt on December 16, 2017, registering an increase of 27.20 per cent. But higher coal production does not mean that there are or will be lower coal imports.

In another statement, Mr Goyal said, “As per provisional data released by the Directorate-General of Commercial Intelligence and Statistics (DGCI&S), during April-October, 2018 (during first seven month of current fiscal) the import of coal was 136.58 mt with a growth rate of 14.91 per cent.”

According to Mr Goyal, during October 2018 alone, the coal and coke import was 22.17 mt as compared to 18.72 mt during October 2017 with a growth rate of 18.42 per cent.

Source : Hindu Business Line

voda 21 december 2018 17:09

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Methane explosion in OKD coal mine in Czech Republic kills 5

Czech Republic’s OKD said that 5 miners died and eight were unaccounted for after a methane explosion at the CSM hard coal mine. Company spokesman Ivo Celechovsky said on Czech Television “The explosion took place about 800 metres under the surface after 1600 GMT on Thursday. The death toll has grown to five, eight miners are missing and 10 miners, mostly Polish, were injured. Eight others were injured in the blast, which caused devastation in some underground work areas with poor visibility obstructing the efforts of rescue units. Rescue works are continuing.”

State-owned OKD operates shafts in the Karvina region near the Polish border.

Source : Strategic Research Institute

voda 21 december 2018 17:10

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Coal Scam Case - MHRC files sou moto case against Government of Meghalaya

The North East Today reported that the Meghalaya Human Rights Commission recently filed a Sou Moto case against the Government of Meghalaya in the wake of the coal mine tragedy which has left the fate of 13 trapped miners in balance. The MHRC has pushed for compensation of 13 labourers trapped in the illegal coal mine at Ksan near Lyntein river under the Saipung Police Station in East Jaintia Hills. The Commission headed by Chairperson Dr. Aftab Hussain Saikia and Member PJP Hanaman made this decision while reaction to media reports on the fate of the 13 miners trapped inside the rat-hole mine six days ago.

MHRC Secretary Aldous Mawlong in a release issued to the media “Pertinent to note herein the effect that the illegal mining in Meghalaya has been continuing despite the ban imposed by the National Green Tribunal (NGT).”

In line with this, the MHRC has issued notice to the Chief Secretary of Meghalaya to cause an effective enquiry to be conducted into the entire matter and submit the detailed report thereof so as to reach the same before the State Commission within 30.

The mishap occurred due to the overflowing of water into the mine, following which they are feared dead. The incident occurred on December 13 in the rat hole mine that was 300 feet deep.

Source : The North East Today

voda 21 december 2018 17:11

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German coal miners lights go out as last pit shuts - Report

Financial Times reported that the door slams shut and the pit cage begins its rapid descent, building speed until it hurtles down the mine shaft at a rate of 12 metres every second. Almost a kilometre below ground it shudders to a halt, and Dirk Tomke steps out into the familiar underworld of Prosper Haniel, Germany’s last coal mine. Mr Tomke, a loquacious 47-year-old, has made the journey below ground thousands of times, just like his father, grandfather and great-grandfather before him. All of them earned their pay as coal miners in the Ruhr area, the black-stained industrial heartland of Europe’s largest economy.

However, that journey will soon be over - for Mr Tomke, and for German coal mining in general. Prosper Haniel stopped production in September. On Friday, the mine in Bottrop will be formally closed in the presence of dignitaries from across the country. Germany’s president will receive the last piece of local coal, the fuel that propelled the nation’s economic and political expansion - for good and bad - over two centuries.

For Mr Tomke and his fellow miners, and for the Ruhr as a whole, it will be a sad occasion. “I always loved being a miner,” he said as he rested on a bench in one of the mine’s countless tunnels. “It was tough. It was exhausting. But it was also special. I never wanted to do anything else.”

Mr Tomke started working as a miner in 1988, eventually specialising in the delicate work of expanding the tunnel system with explosives. “Boys and explosives,” he recalled wistfully. “It’s just a natural fit.”

Source : Financial Times

voda 24 december 2018 12:50

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Russian Mechel purchases 150 railcars to transport coal in November 2018

Mechel PAO, one of the leading Russian mining and metals companies, reported acquiring some 150 railcars in November - December for a total of 467 million rubles as part of the transport fleet upgrade programme. Most gondola railcars were produced by Altaivagon OJSC and RM Rail Ruzhimmash and both bought to own and leased.

Currently, Mechel Group’s transport operator Mecheltrans OOO manages approximately 11 000 train vehicle units. In 2019, the company plans to acquire some 1000 new gondola cars.

Mecheltrans Management OOO’s Chief Executive Officer Mr Alexey Lebedev said, said that “Over the past four years, some 150 000 gondola cars were scrapped in the Russian market due to expired life, which is practically a quarter of the entire fleet volume. The shortage in all-purpose vehicle transport segment is still being felt. As such, in order to improve the situation with transporting Mechel Group’s coal products, we intend to dramatically expand our fleet. We are currently in active talks with wagonbuilders and leasing companies.”

Source : Strategic Research Institute

voda 24 december 2018 13:25

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CIMIC secures contracts from Pembroke, BHP to develop coal mining operations in Australia

Platts reported that mining services company CIMIC Group has been awarded two contracts this week worth a total of AUD 334 million, to develop and extend coal mining operations in Queensland, Australia, including Pembroke Resources' greenfield Olive Downs coking coal project and BHP Billiton Mitsubishi Alliance's Caval Ridge. CIMIC companies Sedgman and CPB Contractors have secured a contract for design, procurement, construction and commissioning of the coal handling and preparation plant for Olive Downs, with design and procurement work to begin immediately. Work on the project is expected to be completed in 2020 at a cost of AUD 184 million, the company added.

In early September, Pembroke said it was aiming to begin mining at Olive Downs in 2020. Once fully developed, the Olive Downs mine is expected to be one of the largest metallurgical mines in the world, producing up to 15 million mt/year for almost 80 years.

Meanwhile, earlier in the week, CIMIC announced that its global mining services provider Thiess had secured an AUD 150 million contract extension with BHP Billiton Mitsubishi Alliance's Caval Ridge mine. The variation will see Thiess mine additional overburden through until 2020, after having commenced work at the operation in November 2017, CIMIC said.

Source : Platts

AEX 865,35 -9,32 -1,07% 17 apr


Germany40^	17.771,70	+0,01%
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Europe50^	4.910,28	-0,08%
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US500^	5.019,56	0,00%
Japan225^	37.744,07	0,00%
Gold spot	2.373,29	+0,52%
EUR/USD	1,0677	+0,06%
WTI	82,21	0,00%

B&S Group SA	+8,35%
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Fugro	+4,29%
Van Lanschot ...	+1,90%
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