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voda 8 januari 2021 16:18

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Germany Increases CO2 Tax to Support Coal Phase Out

Local media reported that Germany is aiming for a green start to 2021 by shutting down a coal fired power plant and slapping a CO2 price on transport. From January 1, 2021 the government will charge 25 euros per tonne of carbon dioxide emissions released by the transport and heating sectors. The price will increase to 55 euros by 2025, and will be decided at auction from 2026.

Also on January 1, the 300-megawatt Niederaussem D unit power plant near Cologne, running on lignite, became the first to close down as part of Germany's phaseout of coal by 2038. Energy giant RWE, which has operated the plant since it was built in 1968, said decommissioning the facility as required by Germany's 2020 coal exit law- was a difficult step that would lead to some 300 job losses.

Despite a green reputation abroad, Germany remains heavily reliant on dirty coal. In the third quarter of 2020, just over half of the electricity produced came from non-renewables, with coal alone accounting for 26%.

Climate activists, including the youth-led Fridays for Future movement, have urged the government to speed up Germany's coal exit, saying the current timetable of closing all coal fired plants by 2038 is not ambitious enough. To their fury, the government has given special permission for North Rhine-Westphalia's huge open-cast Garzweiler coal mine to keep expanding over the coming years in order to fuel nearby power stations, causing the destruction of several villages in the process. Environmentalists have also railed against the planned multi-billion-euro pay outs set to flow to energy companies in compensation for the plant shutdowns, alongside 40 billion euros in government aid for regions that depend on mining and energy jobs.

Source - Strategic Research Institute

voda 19 januari 2021 10:46

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Mountaintop Removal Coal Mines Regulations in Alberta

Alberta’s United Conservative Party government has rescinded a decades old policy that prevented coal companies from surface mining in the eastern slopes of the Rocky Mountains in Alberta. The decision came into effect in June in the midst of the COVID-19 pandemic. It was lauded by Energy Minister Sonya Savage as a way to help attract new investment for an important industry. United Conservative Party removed a system of land classification that prohibited surface coal mining in more than a million hectares of the foothills and Rocky Mountains, areas important to First Nations and for the protection of numerous species at risk. Then, in December, Alberta accepted offers from Australian coal companies to mine nearly a dozen parcels of land spanning close to 2,000 hectares, seen by many as just the beginning of new coal leases in the region.

First Nations and landowners are seeking to take Alberta to court over the policy change. Submissions requesting a judicial review argue the government failed in its obligation to consult with those affected by land use decisions. First Nations, ranchers, municipal officials and environmentalists hope to persuade a judge to force Alberta to revisit its decision. At least nine interveners will seek to join a southern Alberta rancher's request for a judicial review of the province's decision

Although mining has occurred in the area for more than 100 years, the use of mountaintop removal mining in recent decades has dramatically changed the scale of the region’s mining operations. Entire mountains are carved up, with valuable metallurgical coal processed out. The remaining waste rock, which contains selenium, arsenic and nitrates, among other pollutants, is piled high in adjacent valleys where it is exposed to the elements. A 1976 policy laid out how and where coal development could go ahead, forbade open-pit mines over a large area and banned any mining at all in the most sensitive spots.

The eastern slopes are the source of three major rivers the Red Deer, the Oldman and the South Saskatchewan. Everyone in southern Alberta and many in Saskatchewan depend on those rivers for drinking water, irrigation and industry. Endangered species, including cutthroat trout and grizzly bears, live there. The region's beauty is universally acknowledged.

Source - Strategic Research Institute

voda 19 januari 2021 10:46

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Chinese Coal Imports in 2020 up by 1.5%

General Administration of Customs data showed that China’s coal imports rebounded in December 2020 after sliding for nine consecutive months. China imported 39.075 million tonnes of coal in December 2020, up by 27.404 million tonnes MoM & up by 36.303 million tonnes YoY. In 2020, China imported 303.991 million tonnes of coal in 2020, up 1.5% YoY.

Chinese authorities had been imposing an unofficial quota policy aimed at maintaining coal imports at the same level as previous years in a bid to shore up the domestic mining industry. However, frigid weather and robust manufacturing activity led to a surge in power consumption at a time when fuel inventories at utilities had fallen to an alarmingly low level.

Source - Strategic Research Institute

voda 19 januari 2021 10:47

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11 Coal Miners Shot Dead in Balochistan

Pakistani media reported that at least 11 coal miners were killed and several others were injured in an armed attack by unidentified men at Balochistan’s Machh coalfield on January 3. The unidentified gunmen took the coal miners to nearby mountains and opened fire on them. The incident has left several in critical condition. The injured were taken to the Machh hospital for treatment. The event took place in the town of Harnai, located around 170 kilometres east of the provincial capital Quetta.

Law enforcement agencies and rescue teams rushed to the place of the incident and cordoned off the area. An investigation is underway.

Source - Strategic Research Institute

voda 19 januari 2021 10:48

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UK Government Refuses to Call off Whitehaven Coal Mine Plans

People concerned about the climate are dismayed at the decision not to block Whitehaven coking coal mine in Cumbria County in UK. UK’s prime minister has made several recent speeches expressing his determination to shift away from fossil fuels to protect the planet, and this decision points in the opposite direction. More than 2,300 people objected to the plan along with campaigners including Friends of the Earth, Keep Cumbrian Coal in the Hole and the World Wide Fund for Nature. Friends of the Earth spokesman Mr Tony Bosworth said the refusal to call in the decision was climate wrecking. He said "Allowing coal to be extracted from this proposed mine for over a quarter of a century completely undermines the government's credibility on the climate crisis. Global leadership on the climate emergency means leaving coal in the ground, where it belongs."

Citing environmental concerns, former Liberal Democrats leader & Westmorland & Lonsdale MP Mr Tim Farron said the decision is a complete disaster for our children's future and an almighty backwards step in the fight against climate change.

Cumbria County Council approved the GBP 165 million West Cumbria Mining plan in Whitehaven in October 2020, first underground coal mine in 30 years. The mine would extract coking coal from beneath the Irish Sea.

Wikipedia - In June 2014, West Cumbria Mining announced its intention to invest GBP 14.7 million in a venture to explore for premium quality coking coal underneath the sea off Whitehaven. The project had started before as a plan to find and gasify the coal for energy use, but when the quality of the coal was discovered, it precipitated a shift into mining the coal for steelmaking. The inferred resources suggest that the mine could produce over 3,000,000 tonnes of coal per year from across a 77 square mile section underneath the Irish Sea.

Source - Strategic Research Institute

voda 21 januari 2021 15:59

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Polish Coking Coal Miner JSW Changes President

On January 18, the Polish coking coal miner Jastrzebska Spolka Weglowa SA Supervisory Board adopted a resolution to dismiss Mr Wlodzimierz Herezniak, the president of the management board. Until the appointment of a new president, the duties were taken over by Mr Artur Dyczko, who at that time will also be acting as the deputy president of the JSW management board for technical and operational matters.

Moreover, the JSW Supervisory Board entrusted Mr Radoslaw Zalozinski as the deputy president of the management board for trade. Mr Radoslaw Zalozinski also remains the deputy president of the JSW management board for economic matters.

JSW SA is a large coal mining company in Poland producing around 12 million tonnes of coking coal every year. The company has proven recoverable reserves of 503.4 million tonnes of coal.

Source - Strategic Research Institute

voda 21 januari 2021 15:59

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BHP Coking Coal Output Dips in H1 of 2020

In the first half of the financial year 2020-21, BHP Billiton’s metallurgical coal production decreased by 5% YoY to 19 million tonnes. The miner's metallurgical coal production guidance for the financial year 2020-2021 has remained unchanged and stands at between 40 million tonnes and 44 million tonnes, with a stronger second half performance. Volumes are expected to be in the lower half of the guidance range following significant wet weather impacts during the December 2020 quarter. The company continues to monitor for any potential impacts on volumes from restrictions on coal imports into China.

Company said it would take a write-down of between AUD 1.15 billion and AUD 1.25 billion on its New South Wales Energy Coal assets, reducing its value to between AUD 250 million and AUD 350 million. BHP said the impairment reflected current market conditions for Australian thermal coal. It also named weakness in the Australian dollar, changes to the mine plan and an updated assessment of the likelihood of recovering tax losses as secondary reasons for the charge. The Australian coal industry has been rocked by China’s decision to ban imports believed to be in retaliation for Canberra’s call for an international probe of the origins of the coronavirus pandemic.

Production guidance for the 2021 financial year remains unchanged for metallurgical coal at between 40 and 44 million tonnes (71 and 77 million tonnes on a 100 per cent basis) with a stronger second half performance projected.

Source - Strategic Research Institute

voda 21 januari 2021 16:01

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CIL Hikes 2020-21 CAPEX by 30%

Indian state owned coal giant Coal India Limited has hiked its capital expenditure budget by 30% to INR 13,000 crore for the on going fiscal 2020-21. Of the additional INR 3,000 crore injected into CIL's CAPEX budget, South Eastern Coalfields Ltd accounts for INR 800 crore followed by CIL headquarters with INR 585 crore and Mahanadi Coalfields Ltd with INR 550 crore, a company executive said. Central Coalfields Ltd will spend INR 460 crore. The major heads CIL has identified for CAPEX are land acquisition, procurement of heavy earth moving machinery, upgrade of rail evacuation infrastructure and mine development.

CIL has utilized 78% of its total original CAPEX budget during April-December’20. Coal India’s land possession and civil construction jobs, among other activities, were affected during the Covid -led slowdown. Subsequently, headway could be made with the situation improving post unlock, nudging its increased capital expenditure.

Source - Strategic Research Institute

voda 21 januari 2021 16:01

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Coal Miner Fatalities at Historic Low in US

According to latest data from US’s Mine Safety and Health Administration, only 5 miners died in US coal mines in 2020, an all time low mark for an industry in a year that saw continuing declines in production as electric providers move away from burning coal. Kentucky and West Virginia each had two coal mining deaths in 2020, and there was one in Pennsylvania. The previous low in yearly coal deaths was eight in 2016, and there were 12 in 2019.

Workplace deaths in coal mines have remained low since 2014, the first year annual deaths were less than 20. Since then, the totals have exceeded 12 only twice. A century ago in 1920, US had more than 2,200 coal deaths, before machines replaced manpower underground.

Approximately 64,000 miners work in US’s 1,000 coal mines.

Source - Strategic Research Institute

voda 26 januari 2021 10:25

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Vale to Acquire Stake in Moatize & NLC to Exit Coal Business

Vale has signed a Heads of Agreement with Mitsui, allowing both parties to structure Mitsui's exit from the Moatize coal mine and the Nacala Logistics Corridor, as a first step towards Vale's divestment of the coal business. The transaction is in line with the Company's focus on its core businesses and ESG agenda, committed to becoming carbon-neutral by 2050 and reducing 33% of its scopes 1 and 2 emissions by 2030. The agreement establishes the main terms for the acquisition by Vale of the totality of Mitsui's stakes of 15% in the Moatize mine together with 50% in the equity and all other minority credits Mitsui holds on NLC. The parties' objective is that Mitsui's exit can be completed throughout 2021, which is subject to the execution of the definitive agreement and usual conditions precedent in this sort of transaction.

The HoA determines that Vale will acquire Mitsui's stake in the mine and logistics assets for USD 1 each. Upon closing of the transaction, Vale will consolidate NCL entities and, therefore, all of their assets and liabilities, including the Nacala project finance, which has approximately USD 2.5 billion outstanding balance. Consolidation of the Project Finance will imply that approximately USD 300 million per year in operating expenses at the Moatize mine, associated with the Nacala Corridor tariff and which currently impact the Coal Business EBITDA, will be reclassified to financial expenses, debt amortization, sustaining capital and others, with an equivalent increase in the Coal Business EBITDA. Future refinancing of the Project Finance and simplification of the structure will lead to potential annual savings of approximately USD 25 million.

Following the acquisition of Mitsui's stakes and, hence, the governance and asset management simplification, Vale will begin the process of divesting its participation in the coal business, which will be guided by the preservation of the operational continuity of the Moatize mine and the NLC, through the search for a third party interested in those assets.

Vale has been implementing two initiatives that are expected to produce sustainable results at the Moatize mine: a new mining plan and a new operational strategy for the coal processing plants. The new mining plan prioritizes ore bodies of better quality and has a better stripping ratio, which is expected to result in a better product mix and cost reduction, as an outcome of investments made in the last 3 years in an intense drilling campaign, aiming a better knowledge of resources and reserves. The two processing plants will be revitalized and adapted to a new flowsheet, which has been under implementation since November 2020. Once fully executed, Vale expects to resume the ramp-up, reaching a production rate of 15 million tonnes per year in 2H21 and 18 15 million tonnes per year in 2022.

Source - Strategic Research Institute

voda 26 januari 2021 10:28

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6 Killed in Illegal Coal Mining Accident in Meghalaya

Local media reported that 6 coal miners have died in an accident inside an abandoned coal mine near Rymbai area in East Jaintia Hills in Meghalaya in India on January 21 evening. The coal miners reportedly fell into around 150 feet deep while they were digging a tunnel. It seemed that the crane malfunctioned and snapped. The box carrying the six persons plunged into the 100-120-feet deep pit. Local police recovered the bodies of six miners from the site with the help of local villagers next morning.

Meghalaya police have registered a case under sections of The Mines and Mineral (Development and Regulation) Act and the Indian Penal Code and started investigation.

In 2018, at least 15 labourers were trapped inside an illegal coal mine in East Jaintia Hills and following the incident the court had banned coal mining activities in the state.

Source - Strategic Research Institute

voda 27 januari 2021 10:26

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Central Queensland Coal Mine Endangering Great Barrier Reef

ABC reported that Mr Clive Palmer's plan to mine coal near the Great Barrier Reef World Heritage Area has been condemned by Commonwealth appointed experts who say they see no way to remove the proposal's threat to the reef. The Independent Expert Scientific Committee has expressed extreme concern about the proposed Central Queensland Coal project, which it said posed very significant risks to reef waters and other internationally recognised assets. It said “It is especially concerned about the discharge of mine-affected water into the World Heritage Area and Queensland's largest fish habitat at Broad Sound, north of Rockhampton. Miner's plans to minimise environmental impacts were likely to be completely inadequate for this region because of its relatively undisturbed setting. The IESC cannot envisage any feasible mitigation measures, including offsets, that could safeguard these irreplaceable and internationally significant ecological assets and their associated water resources.”

Former IESC member Mr Jim McDonald said the expert panel's advice to Queensland and federal environmental officials last month was one of its most damning assessments yet. He told ABC "They're quite blunt about the loss of environmental asset. Essentially, they're saying if you go ahead with the mine as proposed, you will lose some environmental assets, because there's no way you can offset it."

Central Queensland Coal has hit back at the IESC, arguing its own draft environmental impact statement specifically states that there will be no significant impact to any values in these areas, including the World Heritage Area. It said "Given the findings of no significant impact to these areas, the IESC should state what their major concern and the very significant risk are.”

Mr Palmer is the sole owner of Central Queensland Coal through companies including Fairway Coal and Mineralogy. Central Queensland Coal wants to build a mine of up to 10 million tonnes of coal a year 10 kilometres from the World Heritage Area.

Source - Strategic Research Institute

Bijlage:

voda 27 januari 2021 10:27

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West Virginia Coal Association Braces for Tough 4 Years

A day after US President Joe Biden took office, the West Virginia Coal Association continued to be on guard. Appearing on Thursday’s MetroNews Talkline, Mr Chris Hamilton of the Coal Association noted they are optimistic they’ll be able to talk to the President and his staff, but after that all bets are off. He told “We are optimistic we’ll have an audience with President Biden and his team to talk about the importance of base load generation so we can provide energy security going forward and keep the economics of state’s like West Virginia going forward. On the other hand, we’re bracing for a pretty tough time here in the next four years.”

Among President Biden’s first actions was to cancel the Keystone XL Pipeline permits and to rejoin the Paris Climate Accords. Also happening on Biden’s first day came a ruling by the DC Federal Circuit Court which struck down a Trump Administration plan, the Affordable Clean Energy Rule. The rule was created to negate the Obama Era Clean Power Plan and to create what industry leaders called more reasonable standards on carbon based fuels for electric generation.

Environmental groups blasted the ACE plan as an authorization to continue to get around restrictions on burning coal. Their goal is to discourage the use of coal as an energy source for the future and to eventually end all coal fired power generation.

Source - Strategic Research Institute

voda 28 januari 2021 11:21

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Baltic Exchange Sees Muted Coal Recovery in 2021

Baltic Exchange reported that coal carriers can look forward to a 26 million tonne increase in movements of the black rock by sea this year, although that increase springs off the lower baseline of pandemic-struck 2020. Statistics from global energy analyst IEA put 2020 trade volumes at a 10% retraction, equivalent to around 150 million tonnes, the largest drop ever, with seaborne coal trade hardest hit. In that context, the additional 26 million tonnes predicted for 2021 is worthy of little celebration. IEA’s director of energy markets and security Keisuke Sadamori said “The Covid-19 crisis has completely reshaped global coal markets. Before the pandemic, we expected a small rebound in coal demand in 2020, but we have since witnessed the largest drop in coal consumption since the Second World War. The decline would have been even steeper without the strong economic rebound in China, the world’s largest coal consumer, in the second half of the year.”

All this comes on the top of a bumper year for global coal trade in 2019, when it reached its highest ever volume at 1,445 million tonnes, a 0.8% increase from the previous year, with the vast majority of coal traded in 2019, 92% and 1,331 million tonnes, moved by sea. Countering this, exports in 2021 are expected to reach 1,323 million tonnes this year. This means that export volumes will remain well below the pre-Covid volumes.

In terms of demand, a rebound is expected this year, and while it is forecast to be short-lived there is little sign that the world’s coal consumption is set to decline substantially in the coming years. If the world economy recovers, global coal demand is expected to rise 2.6% in 2021. China, India and Southeast Asian economies account for most of the growth, but there could be surprise increases in coal consumption for the US and Europe, their first demand rises in nearly a decade. However, global coal demand in 2021 is still forecast to remain below 2019 levels and could be even lower if the report’s assumptions for the economic recovery, electricity demand or natural gas prices are not met

The IEA expects the future of coal will largely be decided in Asia. China and India currently account for 65% of global coal demand, which rises to 75% if Japan, Korea, Taiwan and Southeast Asia are included. By 2025, ASEAN will become the third-largest coal-consuming region, surpassing the US and theEU.

Source - Strategic Research Institute

voda 28 januari 2021 11:46

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Will China Relax Australian Coal Imports Restrictions

Bloomberg reported that China is considering accepting some stranded Australian coal cargoes, an effort that would help ease a logjam of vessels that have stacked up off its coast for months and that the shipments that could be cleared are those that arrived before a ban on Australian coal went into effect. Sources said “Deliberations are at an initial stage and any decision would need the approval of more senior Chinese leaders. The broader prohibition on Australian coal remains in place, and ideally the cargoes would be resold to buyers in other countries.”

The opaque nature of the Australian ban, which has never been publicly acknowledged by China, makes pinpointing its start date difficult. The government was rumoured to have ordered its five biggest utilities to halt Australian purchases as early as May, while in October, power stations and steel mills were told to stop using Australian coal. In November, Beijing ordered traders to halt purchases of a raft of the country’s commodities, including coal.

About 70 ships are waiting to discharge coal. Most of the stranded coal is coking coal while a smaller portion is of thermal coal. Some ship owners and charterers are pushing for the cargo owners to allow them to divert to foreign ports to relieve an estimated 1,400 mariners who remain trapped on the ships.

Source - Strategic Research Institute

voda 29 januari 2021 12:31

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ABP stapt uit Zuid-Koreaans nutsbedrijf vanwege kolencentrales

Gepubliceerd op 29 januari 2021 12:22 | Views: 0

AMSTERDAM (ANP) - Pensioenfonds ABP, het grootste pensioenfonds van Nederland, heeft zijn belang in het Zuid-Koreaanse nutsbedrijf Korean Electricity Power Company (KEPCO) verkocht, omdat het bedrijf nieuwe kolencentrales gaat bouwen in Indonesië en Vietnam.

Naast KEPCO, verkocht ABP in 2020 haar belangen in nog zeven bedrijven vanwege plannen voor nieuwe of grotere kolencentrales. De bouw van kolencentrales verergert de klimaatcrisis en verslechtert de winstgevendheid van het bedrijf op lange termijn, zegt het fonds in een verklaring.

ABP had KEPCO laten weten grote bezwaren te hebben tegen de plannen voor de nieuwe kolengestookte elektriciteitscentrales. Omdat 51 procent van KEPCO in handen is van de Zuid-Koreaanse overheid, sprak het fonds samen met andere beleggers ook de Koreaanse regering aan op haar verantwoordelijkheid. Zuid-Korea is aangesloten bij het Klimaatakkoord van Parijs, maar ondanks allerlei toezeggingen blijft het land een van de grootste uitstoters van CO2.

ABP heeft ongeveer 3 miljoen deelnemers en is goed voor een vermogen van 493 miljard euro. Het fonds streeft naar een klimaatneutrale beleggingsportefeuille in 2050.

voda 29 januari 2021 12:40

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DRA Global o Build Coal Handling Plant at Carmichael Coal

DRA Global has won its second major contract on the Carmichael Project, delivering the AUD 140 million coal processing plant, where the coal is processed and prepared for transport. Coal Handling Plant and Coal Preparation Plant is designed to size the coal and prepare it for transport including loading the coal on to trains. The CPP is designed to process the coal, using recycled water and density separation processes so that the product that goes into market is more energy efficient and environmentally friendly. DRA will carry out the engineering, design and construction of the CHP and the CPP, which will be built at Carmichael Mine. This includes:

Supply and construction of coal processing infrastructure

Supply and construction of coal sizing and conveying equipment

Construction of coal stockpiling infrastructure

Construction of the Train Load Out infrastructure to enable loading of trains

DRA Global CEO Mr Andrew Naude said “DRA is delighted to have been awarded an additional major contract on the Carmichael project and to be able to continue creating employment opportunities and supporting the Central Queensland region.”

Source - Strategic Research Institute

voda 29 januari 2021 12:42

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Mechel Southern Kuzbass Coal Output in 2020 Up By 20%

Mechel Group’s Southern Kuzbass Coal Company open pit and underground mines yielded a total of 10.4 million tonnes of coal in 2020, which is 20% more than in 2019. Southern Kuzbass Coal Company’s washing plants processed a total of 9.7 million tonnes of coal, which is 12% more than in the previous year. The company shipped over 7.5 million tonnes of ready products to its customers, which tops the previous year’s result by 17%. Stripping volumes went up by 13% and excavation went up by 8% as compared to 2019.

Krasnogorsky Open Pit made the most remarkable contribution to the company’s results by mining over 4.6 million tonnes of coal in 2020. That includes over two million tonnes of high-quality anthracite, whose production went up by 77% as compared to 2019.

In 2020, Southern Kuzbass Coal Company’s other open pit facilities also improved output, with Sibirginsky Open Pit producing over 2 million tonnes and Olzherassky Open Pit accounting for over 1 million tonnes.

Source - Strategic Research Institute

voda 4 februari 2021 14:46

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RWE eist schadevergoeding om verbod op kolencentrales

Gepubliceerd op 4 februari 2021 13:41 | Views: 872

RWE AG INH O.N. 03 feb
36,67 +0,47 (+1,30%)

DEN HAAG (ANP) - De Duitse energiereus RWE eist schadevergoeding van de Nederlandse staat omdat die het opwekken van elektriciteit met behulp van steenkool wil verbieden. Het bedrijf zegt daardoor 1,4 miljard euro schade te lijden, meldt minister Bas van 't Wout (Economische Zaken en Klimaat) aan de Tweede Kamer.

RWE is eigenaar van de kolengestookte elektriciteitscentrale in de Eemshaven. Uiterlijk 1 januari 2030 moet die gestopt zijn met het gebruik van kolen voor de elektriciteitsproductie. Op die manier wil het kabinet de uitstoot van broeikasgassen als CO2 verminderen.

Het ministerie meent dat het energiebedrijven voldoende tijd geeft om kolencentrales geschikt te maken voor andere brandstoffen, en om al gedane investeringen zo veel mogelijk terug te verdienen. Dat heeft het in december ook duidelijk gemaakt in een gesprek met RWE.

Het Duitse energiebedrijf, dat in 2009 de Nederlandse markt betrad met de overname van Essent, neemt daar evenwel geen genoegen mee. Het is een arbitragezaak begonnen bij het International Centre for Settlement of Investment Disputes (ICSID).

voda 1 maart 2021 11:09

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Alberta First Nations Oppose Coal Expansion in Rocky Mountains

The Canadian Press reported that two of Alberta’s largest First Nations have written letters to coal companies saying they will oppose any new mine proposals in the Rocky Mountains since the provincial government has consistently ignored their concerns. The Siksika and Kainai, southwest of Calgary, say new mines would threaten one of the few places that can still support traditional Blackfoot culture. The two First Nations account for about 70 per cent of the Treaty 7 population. Siksika wrote to Montem Resources, Atrum Coal and Cabin Ridge Coal “After careful review of all proposed metallurgical coal projects, and in response to the government of Alberta’s failure to address the Siksika Nation’s concerns. Siksika has formally adopted a position opposing any new applications.”

The Kainai have sent similar letters.

The letters do not apply to a proposal, currently before regulatory hearings, from Benga Mines.

Last spring, the United Conservative government revoked a policy without public input that had protected the summits and eastern slopes of the Rockies from surface coal mines since 1976. That led to the sale of coal exploration leases on thousands of hectares of land, some of which is home to endangered species and the water source for much of southern Alberta. The government recently reinstated the policy, but did not dissolve the leases it sold in the interim.

Source - Strategic Research Institute

AEX 866,32 +0,97 +0,11% 14:20


Germany40^	17.756,30	-0,08%
BEL 20	3.816,52	+0,58%
Europe50^	4.925,80	+0,24%
US30^	37.824,57	+0,26%
Nasd100^	17.533,43	+0,16%
US500^	5.029,76	+0,20%
Japan225^	38.061,71	+0,84%
Gold spot	2.382,95	+0,93%
EUR/USD	1,0672	+0,01%
WTI	81,67	-0,66%

VIVORYON THER...	+8,42%
Alfen N.V.	+5,02%
JUST EAT TAKE...	+4,35%
Air France-KLM	+4,32%
Vastned	+1,83%

Pharming	-8,17%
PostNL	-5,92%
ASMI	-3,14%
Avantium	-1,94%
Accsys	-1,49%

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