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Coal

2.845 Posts
Pagina: «« 1 ... 113 114 115 116 117 ... 143 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 25 september 2020 18:35
    Polen sluit voor 2049 alle kolenmijnen

    Gepubliceerd op 25 september 2020 17:15 | Views: 715

    WARSCHAU (ANP/RTR) - De regering van Polen heeft met vakbonden in het land een akkoord gesloten over de sluiting van kolenmijnen. De winning in die mijnen wordt tot 2049 stapsgewijs afgebouwd, zo is afgesproken.

    Polen wekt het merendeel van zijn energie nog op met kolen. Mede door die afhankelijkheid van de vervuilende brandstof voor elektriciteitscentrales, weigerde het Oost-Europese land als enige lidstaat van de Europese Unie te beloven in 2050 klimaatneutraal te zijn.

    De regerende PiS-partij hield bij die weifelachtigheid ook de grote vakbonden in het achterhoofd, die in Polen veel invloed en macht hebben. In de voorbije dagen riepen veel Polen, met name jongeren, bij demonstraties juist om verdergaande maatregelen van de overheid om klimaatverandering tegen te gaan.

    De stap om de kolenmijnen te gaan sluiten komt na dagenlange onderhandelingen tussen de overheid en vakbonden. Naast het klimaatbeleid uit Brussel, werkte de coronacrisis de sluiting ook in de hand. De kolenmijnen, die veelal in het zuiden van de regio Silezië liggen, zijn al jaren verlieslatend en dus duur om in stand te houden.
  2. forum rang 10 voda 28 september 2020 12:42
    Polish Coal Miners Agree to Shut Coal Mines by 2049

    Polish government and coal miners unions agreed a landmark plan to phase out coal mines by 2049, putting Poland on track to meeting European Union climate targets. The agreement sets out deadlines for the completion of hard coal production in individual mines and provides social guarantees to workers. The government is also due to draw a social contract with the sector which will directly influence its energy policy. And until then, the government said it will continue to subsidise coal production, despite the industry suffering from falling demand, cheaper competition and accumulated financial losses. Coal Miners’ Solidarity Union Mr Dominik Kolorz said “We’ve signed the liquidation of one of the most important industries in the history of the Polish Republic.”

    Unions had originally wanted the target for phasing out coal to be pushed back from 2050 to 2060, and warned that hasty mine closures would have disastrous economic and social consequences.

    Poland had previously rejected the existing EU target of net-zero carbon emissions by 2050, arguing it needed more time to make the transition. It also expressed concerns over a proposal by EU to raise the bloc’s 2030 target for cutting greenhouse gas emissions from 40 to 55 percent.

    Source : STRATEGIC RESEARCH INSTITUTE
  3. forum rang 10 voda 28 september 2020 12:42
    CMPDI Pivotal to CIL Growth Plans

    State-owned Coal India Ltd last week said that Central Mine Planning and Design Institute is an integral part and will not be separated from it and will play an important role in pursuing the target of producing one billion tonnes of coal by 2023-24. The statement comes amid reports that there are plans to separate the consultancy arm from CIL.

    During 2019-20, CMPDI added 7.8 billion tonnes of coal resources, the highest-ever estimated by CMPDI in a year since its inception. It happened following a detailed exploration covering an area of about 292 square kilometer through the preparation of 25 geological reports. In addition to this, about 9.75 billion tonnes of new resources were estimated through promotional exploration covering an area of about 140 square kilometer through six geological reports.

    CMPDI also played a pivotal role in providing technical consultancy for 35 CIL's first-mile connectivity projects meant for environment-friendly mechanized handling and dispatch of coal. CMPDI, a fully-owned subsidiary of CIL, is headquartered at Ranchi, Jharkhand. It caters to the consultancy requirements of each of the coal-producing subsidiaries of CIL.

    Source : STRATEGIC RESEARCH INSTITUTE
  4. forum rang 10 voda 28 september 2020 12:43
    Anti Coal Protesters Break into German Coal Mine

    Euro News reported that hundreds of anti-coal protesters entered a mine in western Germany on Saturday to protest the continued extraction and use of fossil fuels. Environmentalists object to the German government's decision to allow the mining and burning of coal in the country until 2038, a deadline the activists say is too late to effectively tackle climate change. Activists are also protesting the planned destruction of several villages to make way for the expansion of the Garzweiler strip mine, west of Cologne.

    The Garzweiler mine and nearby power plants have been a focus of protests for several years. Environmentalists say they are among the biggest sources of harmful pollution and greenhouse gas emissions in Europe.

    Source : STRATEGIC RESEARCH INSTITUTE
  5. forum rang 10 voda 29 september 2020 16:24
    China coal mining disaster kills 16 in Chongqing, with one survivor hospitalised

    Xinhua news agency reported that 16 people were killed and one survivor was sent to hospital after being trapped in a coal mine accident in southwest China on Sunday. There were excessive levels of carbon monoxide as a conveyor belt burned, trapping the 17 miners inside the Songzao mine, which belongs to a local energy company in Chongqing municipality

    A team led by officials from the National Coal Mine Safety Administration was dispatched to the scene. The local government also sent police, medics, firefighters and emergency management staff to the scene. An investigation into the cause of the disaster was under way.

    Source : STRATEGIC RESEARCH INSTITUTE
  6. forum rang 10 voda 29 september 2020 16:26
    CIL Floats Global Tender for Coal to Methane Project

    Indian state owned coal giant Coal India Limited has embarked on coal to methane project, although it would limit itself to a facilitator banking on an operator to build own and operate the project. The company has identified South Eastern Coalfield’s Dankuni Coal Complex, as the project site, where the land would be allotted to an operator to execute and run the entire project envisaging a lifespan of 25 years. The company has floated a global tender to rope in an operator, which would set up the coal to methane plant on a Build-Own-Operate model.

    Coal to methane project is estimated to cost INR 6,000 crore but CIL will not have to make any investment. Instead, the operator will have to make the entire investment. CIL would allot land to the operator on a 25 year lease basis and will facilitate with power and water supply. It would also supply the low ash high calorific coal of Ranigunj coalfields, having an ash content of around 24%, the basic raw material, for production of 2,050 metric tonne of methanol per day. The company would supply around 1.5 million tonne of coal annually for the 6.76 lakh tonne per annum C2M plant, which would take the surface gasification route.

    Source : STRATEGIC RESEARCH INSTITUTE
  7. forum rang 10 voda 29 september 2020 16:27
    Activist Shut down Of Bathurst Coal Mine Ends

    Scoop Media reported that after shutting down Bathurst’s Canterbury coal mine for 8 hours, climate activists from Extinction Rebellion Otautahi, Te Waka Hourua, XR Otepoti and XR Whakatu have concluded the blockade. Sixteen activists have been arrested, with a number forcibly removed from locked-on positions. Early on Monday morning, the 35 activists blocked entry into the mine and locked themselves inside diggers in protest against Bathurst’s proposed mine expansion. Activists say “Coal is cooking our climate, and we’re seeing the effects of the climate emergency in real time as fires in California and the Arctic Circle consume homes and lives.”

    The group is calling on Bathurst to withdraw its application to expand the mine, and is encouraging the government to work with Bathurst to decommission the mine and transition workers into decent jobs in clean industries.

    Bathurst is consented to take 20,000 tonnes of coal from the ground per year, but it is estimated to already be taking up to 100,000 tonnes.

    Source : STRATEGIC RESEARCH INSTITUTE
  8. forum rang 10 voda 29 september 2020 16:27
    UN Rights Expert Urges for Suspension of Cerrejon Coal Mine Operations

    Reuters reported that a United Nations human rights expert said on Monday Colombia should suspend some of coal miner Cerrejon’s operations, citing health and environmental concerns. UN Special Rapporteur on human rights and the environment David Boyd said “I call on Colombia to implement the directives of its own Constitutional Court and to do more to protect the very vulnerable Wayuu against pollution from the huge El Cerrejon mine and from COVID-19. At least during the pandemic, operations at the Tajo Patilla site should be suspended until it can be shown to be safe.”

    Mr Boyd called on Cerrejon to prevent further harm, adding people living with higher levels of air pollution face increased risk of death from COVID-19.

    The statement comes after a request by a British barrister alleging that mining has damaged the health of local Wayuu indigenous people.

    The company and Wayuu communities have long-running disputes over water use and pollution, dust, noise and health issues in desert La Guajira province. Wayuu people living on the Provincial reserve, near Cerrejon’s mine, said in June a resumption of Cerrejon’s operations during the pandemic had put their community at risk and could deplete water supplies. The group is represented by London barrister Monica Feria-Tinta, who based the claim on a recent ruling from Colombia’s Constitutional Court ordering the company to prevent pollution and control emissions.

    Cerrejon, owned equally by BHP Group, Anglo American and Glencore, has rejected the allegations and said the Rapporteur’s comments were concerning.

    Source : STRATEGIC RESEARCH INSTITUTE
  9. forum rang 10 voda 29 september 2020 16:28
    278 Tender Documents Purchased for Coal Block Auction

    Indian government said that 278 tender documents have been purchased by the prospective bidders with regard to the coal blocks put up for auction under commercial mining. Coal Ministry said "In the present tranche of coal block auctions, 278 tender documents have been purchased by the prospective bidders in respect of 38 coal mines.”

    It added that the nominated authority will receive the bids till 2 pm on September 29 and bid opening will be done at 10 am on September 30.

    The government had put on auction 38 coal mines for commercial mining.
    The coal ministry had revised the list of mines to be auctioned for commercial to 38 blocks instead of the 41 mines announced earlier. The revision in the list includes addition of three blocks Dolesara, Jarekela and Jharpalam-Tangarghat (in Chhattisgarh) and withdrawal of five blocks — Morga South, Fatehpur, Madanpur (North), Morga-II and Sayang (in Chhattisgarh). The coal ministry had earlier withdrawn Bander mine in the Chandrapur district of Maharashtra from the list of 41 coal blocks put up for auction for commercial mining, as the mine lies in the eco-sensitive zone of the Tadoba Andhari Tiger Reserve.

    Source : STRATEGIC RESEARCH INSTITUTE
  10. forum rang 10 voda 30 september 2020 16:30
    US Court Rejects Peabody & Arch JV Proposal

    US District Court concluded its review and is supporting Federal Trade Commission efforts to block the formation of the Peabody Energy Corp and Arch Resources Inc joint venture combining the companies' Powder River Basin and Colorado assets. The companies could have appealed the decision and continued to push for the joint venture, but that apparently won’t happen.

    FTC Bureau of Competition Director Mr Ian Conner hailed the ruling as a win that will maintain a free market for thermal coal. Mr Conner said "Peabody and Arch Coal's decision to abandon their joint venture will preserve competition in the market for thermal coal, which is sold to power-generating utilities that provide electricity to millions of Americans. The joint venture likely would have raised the price of coal to the utilities, and ultimately to consumers. What the ruling means for the pair of Powder River Basin powerhouse coal producers is more business as usual, which is not good, that’s for sure. It’s not great news if you’re Arch and Peabody, that’s for sure. It really puts a wrench in their plans because a lot of their planning was based on moving in this direction.”

    Under the terms of the joint venture, Peabody would have owned 66.5% of the new company and have operational control while Arch would have had 33.5%. That direction was to merge their Western coal mines under the same operation umbrella while also merging the neighboring North Antelope Rochelle, owned by Peabody, and Arch’s Black Thunder mines in southern Campbell County. It also would have included Peabody’s Rawhide and Caballo mines and Arch’s Coal Creek mine in Wyoming and two Colorado coal mines, Twentymile of Peabody and West Elk of Arch. Arch and Peabody already control more than two-thirds of the overall coal production from the Powder River Basin. Their five PRB mines produced 182.4 million tons of coal in 2019, about 68% of the overall 293.5 million mined. NARM and Black Thunder alone produced 157.3 million tons, or nearly 59% of the basin’s output last year.

    Arch Resources announced that it will terminate its proposed thermal asset joint venture with Peabody. Arch has determined that aggressively driving forward with its strategic pivot towards steel and metallurgical markets and simultaneously intensifying its pursuit of strategic alternatives for its thermal assets is the best course of action for the Company and its shareholders.

    Peabody said that it will focus on continuing to be the low-cost PRB coal provider to best competes against natural gas and subsidized renewables.

    Source : STRATEGIC RESEARCH INSTITUTE
  11. forum rang 10 voda 30 september 2020 16:32
    Analysts See CIL Coal Output & Sales Shrinking in 2020-21

    PTI reported state-run Coal India Ltd may witness de-growth in production during the current fiscal as its output is likely to fall below 600 million tonnes amid subdued demand. The miner could end the current year with the production of around 580 million tonnes of coal as against its revised target of 650-660 million tonnes. Analysts of brokerage firm Motilal Oswal projected production of 582 million tonne for Coal India and off-take of 565 million tonnes in FY21 while ICICI Securities had estimated an output of 580 million tonne and sales of 550 million tonne this year.

    The analysts are not optimistic on sales demand even though the miner has introduced a new category of spot e-auction for importers only and aimed at replacing 150 million tonne of the fuel sourced from abroad with domestic supply. The coal procured under the special spot e-auction scheme 2020 for import substitution will be for use within the country.

    However, the miner is hopeful of achieving a 10 per cent growth in 2020-21 over 602 million tonne of coal produced last year, notwithstanding the disruptions caused by the COVID-19 pandemic. CIL had earlier set a production target of 710 million tonne for the current fiscal.

    Source : STRATEGIC RESEARCH INSTITUTE
  12. forum rang 10 voda 30 september 2020 16:32
    Australian Resources & Energy Exports amid COVID19 Global Economic Downturn

    Coal ExportThe September 2020 edition of the Australian Government’s Department of Industry, Science, Energy and Resources September Quarterly report shows that Australia’s resources and energy exports are weathering the COVID-19 pandemic well, despite adverse impacts on a number of commodities. Australia’s resources and energy exports reached a record AUD 290 billion in 2019–20, supported by strong prices for gold and iron ore. R&E export earnings are expected to fall over the outlook period, to AUD 256 billion in 2020–21 and AUD 252 billion in 2021–22, driven by generally lower prices.

    China, which initially faced the worst of the outbreak, now appears to be among the world’s strongest performing economies. China’s economic recovery, which has been supported by significant stimulus measures , and its pre-existing dominance of the iron ore market have kept conditions robust for global iron ore markets despite a collapse in steelmaking across a number of other countries. The impacts of COVID-19 in Brazil, the world’s second largest supplier, have also led to supply side disruptions, pushing prices for seaborne iron ore up significantly in recent months. This resulted in Australian iron ore export earnings exceeding AUD 102 billion in 2019–20, making iron ore the first commodity to earn more than AUD 100 billion in a single year.

    Australia is also gaining significant benefits from rising gold prices, driven by investors seeking safe havens. Australia is expected to become the world’s largest gold producer in 2021, overtaking China. Gold is set to become the third biggest export earner in the current financial year, after iron ore and LNG.

    On the downside, commodities linked to energy have faced increasing difficulty in recent months. Conditions for coal exporters have become more difficult as a result of the COVID-19 outbreak, which has occurred in conjunction with a large drop in the number of coal plants planned for construction around the world. Coal export earnings are expected to fall by around one-fifth in 2020–21, as prices fall and volumes stabilise; LNG exports are expected to fall, as low prices impact.

    On balance, Australia’s production and export of commodities are expected to remain robust over the next two years, despite the worst global downturn in many decades. This strength reflects the diversity of our commodity profile as well as the huge sums invested in technology and innovation over the past 20 years.

    Source : STRATEGIC RESEARCH INSTITUTE
  13. forum rang 10 voda 5 oktober 2020 14:31
    13 Villages against Bidding for 5 Coal Blocks in Tamnar in Chhattisgarh

    Indian Express reported that Sarpanchs of 13 villages from Chhattisgarh’s Raigarh district have written to Union Minister for Environment, Forest and Climate Change Prakash Javadekar against allowing private bidding for five coal blocks in Tamnar. The sarpanchs have stated in their letter that the decision to operate the coal blocks goes against the gram sabha’s stand and an NGT order from February 2020.

    According to the NGT order in a petition by Raigarh resident Shivpal Bhagat on viability and impacts of the existing coal plants and any plans of expansion, the “‘Precautionary’ and ‘Sustainable Development’ principles require that any further expansion or new projects in the area should be allowed after thorough evaluation only and mechanism for remedial measures should be in place, including oversight of measures for health mitigation.”

    The central government earlier made changes to the list with 41 coal blocks up for auction. On September 1, following opposition by the Chhattisgarh government and environment organisations, five coal blocks from the Hasdeo Aranya area, which is rich in biodiversity, were replaced with three blocks Dolesara, Jarekela, and Jharpalam-Tangarghat. These blocks along with two others lie in Tamnar block of Raigarh district, where, according to villagers, existing coal mines have led to pollution and loss of biodiversity.

    Source : STRATEGIC RESEARCH INSTITUTE
  14. forum rang 10 voda 5 oktober 2020 14:31
    Technical Bids Opened for Commercial Coal Block Auction

    ndia’s coal ministry announced that42 firms have submitted 76 technical bids for 23 coal mines out of 38 mines put on auction for commercial mining on September 30th. While 2 or more bids have been received for 19 coal mines, 15 mines did not receive any bid reflecting little appetite for the sector clouded by environmental concerns and low margins. The online bids were decrypted and opened electronically in the presence of the bidders. Subsequently, sealed envelopes containing offline bid documents were also opened in the presence of bidders. The entire process was displayed on the screen for the bidders, The bids will be evaluated by a multi-disciplinary technical evaluation committee and technically qualified bidders would be shortlisted for participation in the electronic auction to be conducted on MSTC portal from 19 October. The auction was launched by the coal ministry on 18 June.

    While Gare Palma IV/7 coal block in Chhattisgarh, Gotitoria (East) & Gotitoria (West) coal blocks in Madhya Pradesh received 8 bids each, Brahmadiha & Urma Paharitola coal blocks in Jharkhand received 6 bids each

    As much as 65% of all the bidders do not run industries that require coal, implying that these firms are primarily interested in commercial sale of the fuel.

    Source : STRATEGIC RESEARCH INSTITUTE
  15. forum rang 10 voda 5 oktober 2020 14:36
    CIL Reports Recovery in Coal Production & Sales in September’20

    Coal India Ltd has registered a 10.6 per cent increase in coal output at 115 million tonnes for the July-September period, on the back of record growth of 31.6% in production at 40.51 million tonnes in the month of September. Coal India had produced 104 million tonnes coal in Q2 last year and supplied 134.4 million tonnes of coal in the period, compared to 122.4 million tonnes in the corresponding period last year, registering a growth close to 10 per cent.

    Supplies to coal-fired power utilities during Q2 at 103.2 million tonnes logged a growth of around 3 per cent. CIL supplied 100.67 million tonnes during the same quarter last fiscal.

    Average rake loading during the quarter at 224.6 rakes per day registered a growth of 23.6 per cent compared to 182 rakes loaded in the same quarter last year. Loading to the power sector at 189.7 rakes per day in Q2 clocked a growth of 16 per cent over last year’s Q2.

    Source : STRATEGIC RESEARCH INSTITUTE
  16. forum rang 10 voda 5 oktober 2020 14:36
    Coal Baron Mr Robert Murray Files for Federal Benefits to Treat His Black Lung Disease

    According to report by Ohio Valley ReSource Public Radio, President Donald Trump ally US coal baron Mr Robert Murray, whose company Murray Energy filed for bankruptcy last year, has applied for federal benefits to treat his black lung disease after opposing more stringent coal dust regulations for years. Mr Murray filed a claim with the Department of Labor seeking to access federal benefits to treat his disease, which is caused by prolonged exposure to coal dust. The news outlet said Murray wrote in his filing for benefits from the fund that he is heavily dependent on an oxygen tank and is near death. Murray said he is entitled to benefits after working in underground mines for 63 years.

    Mr Murray’s company was one of several coal companies that provided collateral to self-insure their obligations to employees diagnosed with black lung disease. In 2015, the Department of Labor had recommended revoking its authority to self-insure due to its deteriorating finances though it did not follow through.

    After bankruptcy, American Consolidated Natural Resources, Murray Energy’s new name after emerging from bankruptcy, is not responsible for old claims, shifting its USD 74.4 million liability to the federal government’s Black Lung Disability Trust Fund, according to Labor Department estimates provided to Congress.

    The Black Lung Disability Trust Fund is funded through a USD 1.10 per ton excise-tax on production of underground coal but runs a massive debt and is at risk of insolvency.

    Source : STRATEGIC RESEARCH INSTITUTE
  17. forum rang 10 voda 5 oktober 2020 14:42
    Council Approves Cumbrian Metallurgical Coal Project in UK

    On 2nd October 2020, the Cumbria County Council Development Control and Regulation Committee resolved again to grant planning approval to West Cumbria Mining to develop the Cumbrian Metallurgical Coal Project. This will be known as Woodhouse Colliery; a new underground mine located on a brownfield site, to the south west of Whitehaven in West Cumbria in UK. As is normal with projects of this nature and as part of the planning approval being granted, CCC has set-out extensive planning conditions which WCM needs to meet to enable the company to move forward to the next phases of the development of the project. These include a legally binding greenhouse gas assessment commitment as part of the Section 106 agreement, a first for such a project, together with an production end date of no later than 2049 to recognise the transition to a net zero carbon economy over the coming decades. Moving forwards, WCM will work with CCC to finalise and discharge those conditions, which will enable the project to progress into the construction phase. It is anticipated that site work will start early next year (before spring 2021), with initial coal production commencing around 18-months from the start of construction.

    Since 2014, the company has been working on its plans to develop a modern, 21st century mine to supply metallurgical coal to the steel industry. This has included careful thought and consideration regarding the design of the surface infrastructure to minimise potential impact from noise, dust and light. An extensive programme of environmental and ecological surveys has been completed, alongside a programme of exploration, both onshore and offshore, which has proven the presence of high-quality coal for use in the steel industry.

    Once construction of the mine is completed and Woodhouse Colliery moves into the operational phase, the company plans to extract and process around 2.7 million tonnes of metallurgical coal per year, focused on supplying the UK and European steel-making plants, which currently import around 60 million tonnes per annum from USA, Canada, Russia and Australia.

    Source : STRATEGIC RESEARCH INSTITUTE
  18. forum rang 10 voda 7 oktober 2020 14:35
    BIMCO’s Take on Falling Chinese Coal Imports in 2020

    BIMCO’s Chief Shipping Analyst Mr Peter Sand wrote that although many of China’s major bulk imports, such as iron ore and crude oil, have seen strong growth so far this year despite the COVID-19 pandemic, imports of coal have followed the opposite trajectory. Staggering high growth in January through April has been replaced with monthly coal import growth rates in May through August below the levels recorded in the same months of 2019. This year’s coal import volumes have seen the lowest growth rate in the past three years. In the first eight months of this year, 220.7 million tonnes of coal have been imported by China, just 473 thousand tonnes more than in 2019, recording a 0.2% growth. The strong start seen in the beginning of the year when imports saw a 33% accumulated growth rate in the first two months, was merely a consequence of the low volumes imported in the last months of 2019. The following months have seen much lower volumes with August imports at 20 million tonnes, the lowest import level of 2020.

    Mr Sand said “The drop in coal imports has resulted in less business for the dry bulk fleet. Between May and August this year, there were 26.2 million tonnes less imported compared to the same period last year. The drop in volumes means that ship owners lost an equivalent of 351 Panamax loads. So far, strong Chinese iron ore imports have managed to compensate for the decline in coal volumes, supporting dry bulk freight rates.”

    The vast majority of coal imported by China arrives by sea, primarily from Indonesia and Australia as the largest suppliers by far. Indonesian imports account for the largest share of total Chinese coal imports. So far this year, China has imported 96.2 million tonnes from Indonesia, 45% of the total. Despite the Indonesian imports being 7 million tonnes lower than in the first eight months of 2019, they are up 2.5% from the same period in 2018. Indeed, a steady supplier of thermal coal to China. In close second, imports of Australian coal account for 42% of total Chinese coal imports. Australian coal exports to China have dropped by 8 million tonnes from 2019 levels, sitting at 90.2 million tonnes in the first eight months of this year. However, compared with 2018 volumes, the accumulated volumes in the first eight months of 2020 are 3% higher.

    Although strong growth rates in Chinese imports of iron ore and crude oil seem to depict a swift recovery in the Chinese economy, coal imports, together with Chinese coal output, portray a different story. Chinese coal output has seen a slight decrease of 0.1% in the first eight months of 2020, totalling 2.45 billion tonnes. Combined with the low imported volumes, the state of recovery for the Chinese economy looks unclear.

    Source : STRATEGIC RESEARCH INSTITUTE
  19. forum rang 10 voda 7 oktober 2020 15:00
    Peabody to Idle Shoal Creek Coking Coal Mine in Alabama

    Peabody Energy Corporation is continuing to advance its cost repositioning program. On October 5, 2020, following the completion of its recent H-3 panel longwall move, the Company is temporarily idling the Shoal Creek mine. Peabody said “While metallurgical coal prices have recently appreciated, steelmaking fundamentals, particularly in traditional markets, are in the early stages of recovery from the COVID-19 pandemic. As a result, customer demand this year has been and continues to be severely impacted. Year-to-date through September 30, Shoal Creek has shipped approximately 600,000 tons. These market factors, combined with a currently elevated cost structure at the mine, have led to the decision to temporarily suspend production.”

    Over the next several months, Peabody will take the opportunity to reset the mine. Steps being taken will include focusing on ways to improve efficiencies and productivity. 2020 costs per ton have been elevated due to a combination of weak demand, lower productivity rates, and poor geological conditions in the close-out of the H-panel.

    The United Mine Workers Association says 350 workers will be laid off. The district vice president for the union representing the miners said Shoal Creek Mine is set to close for six months.

    Peabody acquired the Shoal Creek Mine from the previous owner the Drummond Company in 2018 and sold 2.1 million tons of Seaborne Hard Coking (High Vol A) in 2019.

    Source : STRATEGIC RESEARCH INSTITUTE
  20. forum rang 10 voda 8 oktober 2020 14:52
    Coal Rich Shanxi Province to Merge 3 Coal Miners to Create Jinneng Holding Group

    Chinese government plans to create China’s second-largest coal mining conglomerate by merging at least some of the assets of at least five of the seven major coal mining companies in the northern province of Shanxi. The provincial government of Shanxi will amalgamate the 3 coal companies into a single entity called Jinneng Holding Group. The companies to be consolidated include Datong Coal Mine Group Co Ltd, Jinneng Group Co Ltd and Shanxi Jincheng Anthracite Mining Group Co Ltd, which had more than 1 trillion yuan (USD 147 billion) in combined assets as of June 30, according to a statement released by Datong on September 30. The consolidation of the trio would make the new company China’s second-largest coal mining company by output, as they produced a total of 316 million tonnes of the combustible black rock in 2019. The Taiyuan Coal Exchange Centre, China’s largest coal market, will also become part of the new entity.

    The country’s top producer, China Energy Investment Corp Ltd, produced 510 million tons of coal last year.

    The move, aimed at increasing efficiency in China’s fragmented coal industry, is part of Beijing’s drive to improve the operation of state-owned enterprises, which are still considered the backbone of the economy. The ultimate goal is to achieve one company in leadership, personnel, strategic planning, investment, marketing, supply chain and management

    China laid out plans five years ago to consolidate the coal sector into several large companies by the end of 2020. Recent consolidations include the merger of Shandong Energy Group and Yankuang Group in July. Shanxi Coking Coal Group also restructured the Shanxi Coal Import and Export Group this year.

    China’s top 10 coal miners produced 1.16 billion tonnes of coal in the first eight months of the year, accounting for 47.2 per cent of total output, according to the China National Coal Association.

    Shanxi is one of China’s largest coal producing provinces, alongside Shaanxi and Inner Mongolia, both in the north. In the first half of the year, Shanxi was the biggest producing province with 26 per cent of the country’s total coal output, government data show.

    Source : STRATEGIC RESEARCH INSTITUTE
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