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voda 16 oktober 2019 15:21

Arclar Complex Coal Mine Set to Close in December

Peabody Energy announced the Arclar Complex in Saline County should stop production by the middle of December. A southern Illinois coal mine is expected to close before the end of the calendar year. Up to 225 workers at the Wildcat Hills Mine and the nearby coal processing facility could be impacted by the closure. It's working to minimize the impacts on employees and their families and will offer positions at other Peabody operations where openings exist. Separation benefits will be offered to workers, along with outplacement assistance.

The Arclar Complex has operated in the southern Illinois region for more than 20 years and Wildcat Hills has been open since 2006.

Source : Strategic Research Institute

voda 16 oktober 2019 15:22

Coal Mining Auction - India's Private Companies Now have Easy Criteria

A senior official said that the government plans to keep minimal qualification criteria for companies to participate in the auction of coal blocks for commercial mining. The government has identified 15 large blocks for the pilot round of bidding in December, adding that rules, bid documents and agreements for commercial mining are likely to be finalised soon. We want to keep the entry for commercial coal mining easy for companies. There will be minimal experience or net worth requirements for eligibility. The companies will be asked to submit upfront payment and bank guarantees like in the case of captive coal mines and this should take care of most of the concerns. Each of the 15 identified coal blocks will have a capacity to produce 4 million tonnes per annum, the official said. The government also plans to cap the upfront payment for some large blocks which might otherwise run into a huge amount.

The official said that many private steel and cement companies did not participate in the latest round of auction for captive coal mines because they wanted to hold on to their cash for commercial coal auctions. However, the companies said the blocks were too far from the end use plants.

Recent auction of captive coal mines for iron and steel, cement, and captive power plants had received a tepid response with only six blocks out of 27 receiving adequate bids to go under the hammer. The rest will be re-auctioned, the official said. Only companies registered in India can bid for commercial coal mines despite the Cabinet giving its nod to 100% foreign direct investment under automatic route for sale of coal, mining activities and infrastructure on August 28.

Source : ET

voda 16 oktober 2019 15:22

China's Coal Imports Down by 6.8% in September 2019

China's coal imports in September dropped 6.8% from a month earlier as traders held up purchases amid an increase in domestic supply and slowing demand for the fuel from power generation companies. Arrivals of coal, including thermal and coking coal, last month were 30.72 million tonnes. Shipments were 32.95 million tonnes in August. Imports were up 22.2% from 25.14 million tonnes in September last year.

In the January to September period, China took in 251 million tonnes of coal, up 9.5% from the same period in 2018.

Source : Reuters

voda 16 oktober 2019 15:23

CIL CCL Takes Charge of Bermo Coal Mines from DVC in Jharkhand

The Telegraph reported that Coal India subsidiary Central Coalfields has taken charge of the Bermo mines in Jharkhand from Damodar Valley Corporation. The captive mine has remained idle for over 2 years on account of a lack of mining expertise, resources, and absence of clearances and other technicalities. DVC had taken over the mine from Indian Railways in 1951 for its captive use for its Bokaro and Chandrapura units. DVC planned to ramp up production to 26 lakh tonnes from around 4 lakh tonnes per annum. However, there were several issues including rehabilitation, renewal of expired mining lease, lack of technical expertise and financial resources that necessitated a re-look into the project.

According to CCL officials, the mine has reserves of around 124 million tonnes of washery grade coal. CCL will also acquire more than 400 acres of land with the mine. The miner has set the production target for the current fiscal year at 26 lakh tonne. With low recovery cost, resuming production will not be a key challenge according to officials.

Source : The Telegraph

voda 16 oktober 2019 15:53

China's Energy Watchdog Approves Coal Mine in Shaanxi Province

Xinhua reported that China's energy watchdog has approved a coal mine project in Shaanxi Province with a total investment of USD 565.77 million. The Xizhuo coal mine project in the Chenghe mining area will be located in Heyang County in the city of Weinan. The coal mine's annual production capacity will be 3 million tonnes. The production capacity is made possible under a coal production capacity exchange scheme, which is part of China's efforts to boost energy structure transformation.

The General Administration of Customs said that coal imports increased 9.5 percent year on year to 251 million tonnes in the first nine months of this year.

Source : Xinhua

voda 16 oktober 2019 15:54

Hopes Fade for 3 Men Trapped in CIL ECL’s Abandoned Coal Mine

It is reported that poisonous gas is preventing rescuers from descending into an abandoned coal mine in Bengal’s Kulti area to extricate three persons trapped since Sunday afternoon amid fears that they could be dead. A membr of ECL rescue team said “Our team worked on Sunday night and we also tried to go down on Monday, but failed. We are facing a lot of difficulties in the rescue operation but we are doing our best. There is a problem related to poisonous gas. There is also a lack of sufficient space needed to go down with machines. We have taken necessary equipment but we cannot commence rescue operation.”

They added “We tried to descend a few times but could not go below 15 to 20 feet. The oxygen level inside the mine is very low. There is a lot of carbon dioxide and other toxic gases and it is a hurdle for us to go in. It would be a miracle if the three are alive.”

The shaft through which the three men descended is also too narrow to allow deployment of rescue equipment.

Source : HT

voda 16 oktober 2019 16:38

OPGC Shut Down 1 Unit due to Coal Shortage

State-owned Odisha Power Generation Corporation has shut down one of the two units of its Stage-I thermal power plant at Banharpalli in Jharsuguda district on Sunday night due to coal crunch. As per media reports with no tangible improvement in supply of the fossil fuel by Mahanadi Coalfields Limited, resumption of power generation from the closed unit in the immediate future appears bleak. Sources said “If the current situation prevails for a few more days, we will be forced to shut down another unit within a week.”

Despite best of efforts, MCL could manage to deliver 14,000 tonnes of coal on Monday against OPGC’s daily requirement of 24,000 tonnes.

Source : Strategic Research Institute

voda 18 oktober 2019 16:41

Australia's Greens Motion to Prohibit New Coal Mines in Tasmania

The Advocate reported that the government has scuttled a motion from the Greens in the House of Assembly for members to support a prohibition on the establishment of new coal mines in Tasmania. The motion was sparked by Midland Energy Australia's plan to probe for coal reserves at Jericho and Woodbury. Greens environment spokeswoman Ms Rosalie Woodruff said there was no moral or economic reason to explore for coal in Tasmania. Resources Minister Guy Barnett moved an amendment to the motion for mining projects on productive agricultural land to not be supported and for continued support for existing coal mining operation in Tasmania.

Labor's David O'Byrne said there needed to be a suitable transition system in place for workers and communities reliant on coal mining. The government's amendment was carried. Ahead of the motion debate, the Greens brought a letter to Parliament signed by more than 160 groups and individuals.

However, Signatories included former Labor premier David Bartlett, former government minister Paula Wriedt, former House of Assembly speaker Andrew Lohrey and Heather Sculthorpe from the Tasmanian Aboriginal Centre.

Source : The Advocate

voda 18 oktober 2019 16:42

China's Benchmark Coal Price Drops Slightly

Xinhua citing Qinhuangdao Ocean Shipping Coal Trading Market Co Ltd reported that China's benchmark power coal price dropped slightly during the past week. The Bohai-Rim Steam-Coal Price Index, a gauge of coal prices in north China's major ports, stood at about USD 81.3 per tonne Wednesday, a drop of one yuan week on week.

Analysts said that as the port market entered its traditional off-season, coal stockpiles at northern ports were once again climbing upward, undermining downstream purchasing intention.

Meanwhile, control measures on coal import were less stringent than expected, and the import increment had an impact on the supply of coal for domestic trade.

Source : Xinhua

voda 18 oktober 2019 16:42

Antwerp’s Coal Handling Surges 5 Fold in Jan-Sept 2019

Montel quoted Antwerp port authority as saying that coal handling at Europe’s second-largest port surged five-fold in the first three quarters of the year, amid a lack of storage space at neighbouring ports and stock building. The Belgian port handled 2.1m tonnes of coal, compared with less than 400,000t in the same period last year, with coal accounting for more than 20% of all dry bulk volumes.

The authority said that “The strong increase in the volume of coal was partly due to a temporary shift in transport routes as a result of low water levels on the Rhine.”

Source : Montel

voda 18 oktober 2019 16:43

CSX Net Profit Down by 8% in Q3 2019

CSX Corp said that profit fell in the fiscal Q3 due to a decline in revenue, particularly from a double-digit drop in sales from its coal and consumer-shipping businesses. It net income of USD 856 million or USD 1.08 a share down from USD 894 million or USD 1.05 a share, a year earlier. Analysts surveyed by FactSet expected USD 1.01 a share. Revenue fell 4.8% from a year earlier to USD 2.98 billion and was in line with analysts' expectations. Sales from coal shipments fell 12% and sales from its intermodal business, which ships consumer goods, fell 10.6%.

Expenses fell roughly 8% compared with last year to USD 1.69 billion, driven by cost-cutting efforts and volume-related savings.

Source : Strategic Research Institute

voda 18 oktober 2019 16:44

Axis Capital Holdings Insurer to Dump Coal Mining

Axis Capital Holdings Ltd is the latest insurer to give up profit potential from coal and oil sands, a departure it says supports the transition to a low-carbon economy. Axis said that it will not provide new insurance or facultative reinsurance for construction and infrastructure for new thermal coal plants or mines, nor for oil sands extraction and pipeline projects. Specifically, Axis will not insure companies that generate 30% or more of their revenue from thermal coal mining or hold more than 20% of their reserves in oil sands. Renewals, however will be on a case-by-case basis.

Mr Albert Benchimol President and CEO of Axis said that “We believe insurers have an important role to play in mitigating climate risk and transitioning to a low-carbon economy. For oil sands production, oil is forced from sand at intense temperatures, using water and natural gas to separate out the extremely thick bitumen. Impure and too viscous to flow, it goes through an upgrading process before traveling via pipeline to an oil refinery.

Mr Benchimol said “This policy is in line with our broader strategies such as reducing investments in lines that do not align with our long-term approach; investing in growth areas, such as renewable energy insurance, where we are a top five global player and growing our corporate citizenship program, a core focus of which is creating a positive environmental impact.”

Source : Strategic Research Institute

voda 18 oktober 2019 16:45

South32 Coking Coal Output Up by 8% Q1 2019

South32 posted an 8.0% rise in coking coal production for the Q1 after the miner ramped up output at its Illawarra project in NSW. Production of the steel-making ingredient, known as metallurgical or coking coal, was about 1.7 million tonnes in the September quarter, compared with 1.5 million tonnes a year earlier.

Production at Illawarra, South32's biggest source of coal, rose about 9.0 per cent.

Source : Strategic Research Institute

voda 18 oktober 2019 16:45

Peabody Energy to Close Illinois Coal Mine Permanently

Peabody Energy said that it will permanently close a southern Illinois coal mine and a nearby coal-processing plant late this year. The planned closure of its Wildcat Hills Mine and the nearby Willow Lake Preparation Plant will affect about 225 workers. The mine and processing center at Arclar Complex in Saline County will cease production December 14 due to “uneconomic mining conditions.”

The Southern Illinoisan said that the closures and job losses are expected to be permanent. Peabody Energy says, however, that it will work with employees interested in seeking positions at the company’s other operations in the Midwest.

Source : Strategic Research Institute

voda 22 oktober 2019 20:16

All 3 Bodies Recovered From Coal Mine in Asansol

National Disaster Response Force team recovered all three bodies that got trapped in coal mine in Asansol's Kulti area. The incident occurred on October 13, when four people allegedly tried to dig the mine illegally, during which three got trapped inside it. The coal mine reportedly consists of poisonous methane gas and after getting trapped, all the 3 persons lost their consciousness due to its effect.

The entrance of the mine is narrow so Eastern Coalfields Limited was trying to widen the entrance to rescue them.

Source : Strategic Research Institute

voda 22 oktober 2019 20:17

CIL Thermal Coal Supply to Power Sector in H1 drops 7% YoY

Coal India Limited’s coal supply to the power sector dropped by 21.1 per cent to 28.3 million tonnes over 35.9 million tonnes in September last fiscal. As a result, CIL registered a decline of 7 per cent to 218.4 million tonnes in the April-September 2019-20 as against 235 million tonnes in April-September 2018-19. With torrential rains hitting coal production, Coal India Ltd recently said it was keeping a close watch on the current situation to ensure smooth supplies to power plants.

As on September 30, the state-owned major said coal stock at power plants stood around 17.3 million tonnes, which is sufficient for 11 days.

CIL, which accounts for over 80 per cent of the domestic production, saw its output decline by 6 per cent to 241 MT in April-September on account of monsoon.

Source : Strategic Research Institute

voda 22 oktober 2019 20:17

BHP AGM Rejects Call to Quit Pro Coal Associations

Reuters reported that BHP shareholders are poised to reject a motion urging the world’s biggest listed miner to suspend membership of some industry bodies judged to be at odds with goals to tackle climate change. One of BHP’s biggest shareholders, Aberdeen Standard Investments, part of Standard Life Aberdeen, last week spoke out in favor of the resolution, saying lobby groups can be a major obstacle to positive change. But at the London annual general meeting, which represents 42% of shareholders, only 22.16% of votes supported the motion to suspend membership of trade associations that are not lobbying in line with the Paris Climate Agreement.

The ballot will be followed by another vote on Nov. 7, representing the remaining 58%, in Australia, where there is strong support for coal as a provider of jobs and wealth.

Ethical investors have called for the suspension, arguing BHP’s membership of some industry organizations funds pro-coal lobbying.

Source : Strategic Research Institute

voda 22 oktober 2019 20:18

India to Produce One billion Tonne Coal Soon - Coal Minister

India’s Coal Minister Mr Prahlad Joshi said that one billion tonne coal production would be achieved at the earliest. He said "The government will go all the way to achieve one billion tonne coal production at the earliest and put an end to the dependence on imported coal.”

The Coal minister said that the government is committed to help the CCL and other coal companies to clear all hurdles and challenges such as environmental clearance, authentication of land by state machinery etc .

Source : Strategic Research Institute

voda 22 oktober 2019 20:19

Coal Mining Operations Continue to Remain Affected at CIL MCL Talcher Coalfield

Mining operations continued to remain paralysed at Talcher Coalfield of Coal India Limited’s Mahanadi Coalfields Ltd in Odisha as workers of a private firm engaged in two mines have obstructed coal production while operations in another open cast project remained paralysed for the eighth day. Workers of the private firm resorted to stoppage of coal production at Kaniha and Lingaraj mines, affecting at least 16,800 tonne coal production a day at Lingaraj OCP and about 18,000 tonne a day at Kaniha OCP, the statement said.

While Kaniha OCP continued to remain paralysed, workers of the private firm concerned at Lingaraj OCP called off their stir on Thursday afternoon and started to resume work. Since the workers had left due to the agitation, the full-fledged operations by the contracted firm will take some time

Meanwhile, stoppage of mining operations at Balram OCP by Danara villagers entered eighth day.

Coal despatch at Balram OCP was forcibly stopped by the villagers on October 6, while they stopped overburden removal at Mahalakshmi patch on October 10 and coal production from the mine was stopped from second shift on October 12.

Source : Strategic Research Institute

voda 22 oktober 2019 20:20

Bombay HC Quashes Letters Rogatories in Adani Coal Import Case

The Bombay High Court has quashed all Letters Rogatory sent by the Directorate of Revenue Intelligence to Singapore and other countries in its probe of Adani group firms for alleged overvaluation of Indonesian coal imports. The court said it did not go into merits of LRs issued by a metropolitan magistrate but found that due procedure had not been followed while issuing them. A division bench of justices Ranjit More and Bharati H Dangre allowed the writ petition filed by Adani Enterprises Ltd, challenging the DRI's action of getting LRs issued. the high court order said "The action of the respondents in giving effect to the letters rogatory issued by the learned metropolitan magistrate, Mumbai. Cannot be sustained and it deserves to be quashed and set aside. We make it clear that we have not gone into the merits of the letters rogatory issued by the magistrate. We have only dealt with the contention as to whether it was permissible for the magistrate to issue such letters rogatory without following the procedure mandated by CrPC.”

In March 2016, the DRI initiated probe against a few Adani group firms for alleged overvaluation of coal imports from Indonesia between 2011 and 2015. LRs were issued to Singapore, Dubai and Hong Kong, seeking help to access documents lying with overseas branches of three state-owned banks relating to transactions under the probe. In September, AEL approached the high court seeking to quash the LRs, issued in 2016.

Letters Rogatory are sent to investigative or judicial agencies in other countries when some information is required during a probe of off-shore entities.

Source : Strategic Research Institute

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