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voda 6 juli 2021 09:14

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NAIF Funds Pembroke’s Olive Downs Coking Coal Project Queensland

The Northern Australia Infrastructure Facility will provide a AUD 175 million loan to what will become one of Queensland’s largest steelmaking coal mines. Pembroke Resources’ Olive Downs Coking Coal Project, situated in the Bowen Basin 40km south east of Moranbah, will create up to 700 jobs during construction and more than 1,000 new jobs in the region once at peak production. NAIF’s loan will fund infrastructure during the first phase of construction at the mine including rail and transmission lines, water pipelines, access roads and a coal handling preparation plant.

Ramping up from an initial production of 4.5 million tonnes of steelmaking coal per annum, at peak production Olive Downs is forecast to produce up to 15 million tonnes per annum. The coal will be transported by rail to the Dalrymple Bay Coal Terminal for export to key international markets like Japan, South Korea, Vietnam, and India.

The mine has open cut JORC reserves of more than 500 million tonnes, making it one of the largest steelmaking coal reserves in Queensland. The development has approval from the Queensland Government.

The Olive Downs Coking Coal Project is 100% owned by Pembroke, an Australian specialist steelmaking coal company and is backed by its major shareholder, Denham Capital, a leading global energy and resources private equity firm.

Source - Strategic Research Institute

voda 6 juli 2021 09:24

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EBRD Supports Coal Transition in Kragujevac in Serbia

Kragujevac, the fourth-largest city in Serbia, will make a big leap in its transition away from coal, thanks to an EUR 18 million loan provided by the European Bank for Reconstruction and Development for the decarbonisation of the district heating system. The EBRD loan will finance the decommissioning of coal boilers in the city’s district heating system, the installation of new natural gas boilers and the remediation of an open ash-disposal site. The financing will be complemented by technical support to the district heating company to help further decarbonise the heat supply and introduce renewable energy sources.

In coordination with the European Union, the EBRD will also support Serbia in the preparation of a national energy and climate plan. The plan will define goals for reducing emissions, increasing energy efficiency and boosting the share of renewable energy sources by 2030.

Kragujevac suffers from very poor air quality, with the city’s district heating system one of the main sources of airborne pollution. Inefficient and dated coal-fired boilers are located near the city centre and cause severe damage to the environment. Air pollution is further exacerbated by an uncovered ash-disposal site, which not only emits airborne ash particles, but also contaminates soil and underground water.

The EBRD loan will help completely eliminate coal from Kragujevac’s district heating system by replacing the coal boilers with new, natural-gas-fired hot water boilers that comply with EU standards, and by remediating the ash-disposal site. This is expected to have enormous environmental benefits, including reducing the heating system’s emissions of carbon dioxide by 66 per cent, sulphur dioxide by 100 per cent, nitrous oxide by 89 per cent and particulate matter by 100 per cent, along with water savings of 55 per cent. The new boilers will also end the production of ash and slag and the related water contamination.

Source - Strategic Research Institute

voda 7 juli 2021 08:43

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Tangedco to Import Thermal Coal for Power Plants

The Federal reported that there are not less than 5000MW of thermal projects which are in pipeline and unless more coal blocks are allocated to Tamil Nadu, the dependence from import coal will increase Handling of coal has been a sticky point for Tamil Nadu Generation and Distribution Corporation, (even with its lower thermal capacity. The coal allocated to TANGEDCO by the Union Coal Ministry is not enough and it is forced to import coal, mostly from Indonesia. The thermal units in Mettur and North Chennai blend the local and imported coal to generate power.

Tangedco’s total demand for coal for a thermal capacity of 4320MW is 26 million tonnes of coal. “It requires 26 million tonnes of coal for full capacity generation of North Chennai, Mettur, Ennore and Tuticorin thermal units. Of this, 20.445 million tonnes of coal are met by indigenous stock and the balance 5.50 million tonnes is being imported,” said a Tangedco coal wing official.

Tangedco started importing coal regularly from 2004-05. The imports started at 1 million tonnes but as the demand for power increased and more thermal units were commissioned, the amount of coal imported also increased. In 2016, Coal India Limited requested Tamil Nadu government to advise Tangedco to stop imports and use indigenous coal available with CIL. But the very next year, the Centre asked the distribution companies to import coal due to its shortage as the demand for coal increased across the country. Thus, Tangedco has been depending on imported coal to meet its demand for its thermal units.

Source - Strategic Research Institute

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voda 7 juli 2021 08:46

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Development of NALCO’s Utkal D & E Coal Blocks Delayed

The Pioneer reported that public-sector National Aluminium Company has failed to develop the Utkal D and Utkal E coal blocks at Chhendipada of Angul even after five long years of their allotment. Till now, for a complete land acquisition process a meeting of the Project Land Rehabilitation & Resettlement Committee (PLRRC) has not been held as yet. Besides, a high-power RPDAC meeting has also not been held, for which a rehabilitation and resettlement package has not been finalised for the affected people. All this has led to an inordinate delay to start the mining work. Seven villages of Chhendipada block, namely, Nandighos, Raijharan, Kosala, Gopinathpur, Jungle, Kundajharinala and Similisahi, would be affected by the coalmining. Around 700 extended families of these villages would be displaced. Apart from it, vast common property resources and ecology would be affected by the coalmining.

The Government of India has allocated these two coal blocks to the Nalco in May 2016 for fuel supply to its captive power plant. The Nalco was supposed to develop the coal blocks within 44 months after their allotment.

The allotted coal blocks may be developed at the earliest to ensure supply of coal to the captive power plant," the CAG had said in its report tabled in Parliament.

Source - Strategic Research Institute

voda 7 juli 2021 08:46

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Godavari Exports Thermal Coal to Rampal Power in Bangladesh

India has exported the first ever consignment of coal from Netaji Subhas Dock of SSyama Prasad Mookerjee Port Kolkata to Bangladesh on July 2. The coal is sourced from Dhanbad and going to be exported to Rampal Power Station, Khulna in Bangladesh, setup by Bangladesh India Friendship Power Company Ltd which is joint venture between India's NTPC and Bangladesh Power Development Board.

The first rake of coal about 4,000 tonnes is expected to be unloaded at KPD and dispatched to the captive jetty of the power plant. The exporter of coal is Godavari Commodities and it is handled end to end by ZS logistics.

Source - Strategic Research Institute

voda 8 juli 2021 08:38

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SCCL Achieves Notable Progress in Coal Production in June

Telangana’s State-owned Singareni Collieries Company Limited has achieved a notable progress in Coal production, Transport and overburden removal in June this year compared to corresponding period in previous year despite the worst Corona virus second wave. During the month, the mining company has transported 5.459 million tonnes of coal as against 2.880 million tonnes in the corresponding month in last year, achieving a 90 per cent growth while 5.271 million tonnes of coal was produced in last month against 3.273 million tonnes of coal produced in the corresponding month in previous year, achieving a 61 per cent growth.

Similarly, 30.3 million cubic meters of overburden was removed in June this year when compared to 23.4 million cubic meters in the same month last year, achieving 29.6 percent growth.

Source - Strategic Research Institute

voda 8 juli 2021 08:38

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Bangladesh Scraps Plans for 10 Coal Based Power Plants

Business Standard reported that the Bangladesh government has scrapped plans to build 10 coal power plants as it investigates alternative energy sources, including liquefied natural gas. Among the major projects cancelled by the government is a 1,320-megawatt coal-based power plant on the Moheshkhali Island in southeastern Bangladesh, according to State Minister for Power and Energy Nasrul Hamid.

Bangladesh had approved the construction of 18 coal power plants since 2008.

Bangladesh chairs the Climate Vulnerable Forum, whose 48 member states represent the 1.2 billion people most threatened by climate change.

Source - Strategic Research Institute

voda 8 juli 2021 08:39

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UK to Stop Using Coal Power by 2024

The Scientific American reported that the United Kingdom will end its use of coal-fired power by October 2024, a year earlier than scheduled, as it pushes other countries toward greater climate ambition ahead of a global warming summit it's hosting in November. UK’s Energy and Climate Change Minister Ms Anne-Marie Trevelyan said “Coal powered the industrial revolution 200 years ago, but now is the time for radical action to completely eliminate this dirty fuel from our energy system. the move is a clear signal that the UK is leading the way on consigning coal power to the history books.”

According to the U.K. Department for Business, Energy and Industrial Strategy, coal accounted for just 1.8% of the UK's electricity mix last year, with roughly 43% coming from renewable sources such as wind and solar. The government plans to introduce legislation on the coal phase out at the earliest opportunity.

The U.K. has come a long way from the days when a thick blanket of coal-fueled smog fell over London in the 1950s. As recently as a decade ago, coal accounted for roughly 40% of the country's power generation.

Source - Strategic Research Institute

voda 9 juli 2021 16:02

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Croatia Joins Powering Past Coal Alliance

Croatia Week reported that Croatia’s Economy and Sustainable Development Ministry announced that Croatia has joined the Powering Past Coal Alliance and countries whose energy systems will not depend on coal in the future. Speaking of Croatia’s PPCA entry, Minister Coric said “the comprehensive economic and social transition would increase the need for electricity and that it was therefore necessary to plan well so that new renewable energy plants could carry that transition. We are creating conditions to stop using coal in electricity production, which will occur before Plomin II’s operating licence expires. The inclusion of renewable energy sources will depend on the development of the electricity infrastructure by using new technologies and developing energy storage plants.”

Croatia’s only active coal power plant is located in Plomin, Istria County. Its power is 210 MW, it serves to balance the electricity supply system and has an operating licence until 2040. The plant’s competitiveness will certainly change because of the European Union Emissions Trading System, to which Plomin II contributes over one million emission units a year, while contributing almost 6% to Croatia’s total emissions, the ministry said.

Source - Strategic Research Institute

voda 9 juli 2021 16:03

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NGT Seeks Cancellation of Eco Clearance to Ambuja’s Coal Washery

Down to Earth reported that a joint committee of the National Green Tribunal recently recommended the Union Ministry of Environment, Forest and Climate Change to cancel extension to the environmental clearance granted in 2019 to Ambuja Cements Ltd coal washery at Raigarh in Chhattisgarh. The coal washery, spread across 10.366 hectares, is expected to process 1.8 million tonnes of coal per annum. The mine and washery were granted environmental clearance in 2013 and issued to Jayaswal Neco Ltd. Later, following the Supreme Court order on coal mine cancellation and further allotments of the block, the mine was re-issued to Ambuja Cements Ltd in April 2015. Ambuja, since then, has been working to execute the mining lease by acquiring land and transferring clearances in its name.

Following a petition, principal bench of the NGT New Delhi comprising Justice Adarsh Kumar Goel, Justice S K Singh and Justice Nagin Nanda ordered an investigation by a five-member committee in March 2021. The five-member committee comprised: Bhim Singh, district collector, Raigarh; R P Mishra, Scientist-D, Central Pollution Control Board, Bhopal; P R Sakhare Scientist-D, MoEF&CC, Nagpur; Paras Ranjan Pujari, senior principal scientist, NEERI Nagpur; S K Verma, regional officer, Chattisgarh Environment Conservation Board. The complaints were thoroughly investigated and the committee recommended cancellation of the extended environmental clearance granted to the coal washery.

The proposed coal washery would supply coal to Ambuja’s captive consumption and will be located on Gare Palma iV/8 coal mine.

Source - Strategic Research Institute

voda 12 juli 2021 08:13

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Rescue Operation for Trapped Miners in Meghalaya called off

Express News Service reported that 39 days after five miners were trapped in a flooded coal mine in Meghalaya’s East Jaintia Hills district, the state government has called off the rescue operation due to incessant rainfall. After three bodies could be retrieved from inside the mine since mid-June, the district administration was forced to take the decision given the increasing water level at the illegal rat-hole mine due to continuous rainfall in the area for the past many days. Due to heavy rains, the water level rose inside the 152-metre-deep pit hampering diving operations in the mineshaft for the retrieval of bodies

Since the suspension of the operation on Tuesday night, rescuers from the Indian Navy, National Disaster Response Force, State Disaster Response Force and the Fire Services have left for their respective places of posting. The team from the Indian Navy left the district

The rat-hole mine at Umpleng, about 20 km from Khliehriat, the headquarters of East Jaintia Hills district, was flooded trapping five migrant workers four from Assam and one from Tripura- after a dynamite explosion on May 30. Six co-workers of the trapped miners escaped the tragedy as they were outside the mine at the time of the incident and they were escorted to their homes. The police had arrested the owner of the coal mine, Shining Langstang, and charged him with violation of the National Green Tribunal order banning unscientific mining and transportation of coal.

Source - Strategic Research Institute

voda 12 juli 2021 08:14

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Covid19 Cases Spread to Coal Mining Areas in East Kalimatan

Reuters reported that Indonesia's biggest coal-producing province of East Kalimantan has recorded a spike in coronavirus cases, with miners among those infected, but so far there has been no disruption to coal operations. The spread of Covid-19 in East Kalimatan has reached all areas and not just the urban areas. Borneo Island reported 979 coronavirus infections on Thursday, the highest number outside the densely populated island of Java.

Mine operations at companies such as PT Bumi Resources, the country's biggest coal miner, and PT Bayan Resources, which both have operations in East Kalimantan, were running normally

Indonesia is the world's biggest thermal coal exporter and has been riding a boom in prices powered by strong demand from countries such as China, South Korea and Japan.

Source - Strategic Research Institute

voda 13 juli 2021 10:13

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Indonesian Coal Benchmark Price for July Highest in Last 10 Years

Reuters reported that Indonesia set its coal benchmark price at the highest in more than a decade, supported by sustained demand from China. The ministry set the benchmark coal price at USD 115.35 per tonne in July, higher than the USD 100.33 per tonne in June and the highest since USD 117.6 per tonne in May, 2011. Indonesia’s Energy & Mineral Resources Ministry Spokesman Mr Agung Pribad said “China's domestic coal supply capacity continues to run low while power generation activities resume. Demand also increased from Japan and South Korea. This has an impact on the increase in global coal prices.”

China unofficially banned imports from its top supplier Australia last year, with Chinese buyers informally told by custom officials not to purchase Australian coal. This has resulted in China looking elsewhere to source coal, making Indonesia's one of the biggest beneficiaries.

Source - Strategic Research Institute

voda 13 juli 2021 10:15

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Extension to Coal Mine in Hasdeo-Aranya in Chhattisgarh Opposed

Free Press Journal reported that Chhattisgarh’s Surguja, which is continuously distressed with the opening of mines, is going to witness another public hearing on environmental clearance to extension to coal mine in Hasdeo-Aranya area. Hundreds of villagers of affected villages started flocking to oppose the proposed public hearing.

A public meeting was held in the affected area on Thursday. President of Chhattisgarh Bachao AndolanAlok Shukla said "The place which earmarked for mining is conserved forest area. The forest department has neither earmarked the area for mining nor forest clearance was granted. "The organisation of public hearing in village Parsa as part of Kete-Basan extension project is itself illegal. Therefore, to save the land, forest and water from corporate grabbing, we organised a public meeting in Fatehpur on Thursday. The government has also proposed to reduce the size of Lemru elephant reserve from 1,995 sq km to 450 sq km. It will create havoc in the area, increase man-animal conflicts.”

Source - Strategic Research Institute

voda 14 juli 2021 10:12

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Teck Resources Provides Update on Wildfire Impacts in BC

Teck Resources Limited has provided an update on the effect of rail disruptions resulting from wildfires in British Columbia BC. Rail service between Teck’s steelmaking coal operations and west coast terminals has been disrupted due to damage to the rail line near Lytton, B.C. that occurred on June 30. Teck has implemented measures to mitigate the effect of the disruption, rerouting shipments to Ridley Terminals in Prince Rupert. Limited rail traffic flow to the Lower Mainland terminals was reinstituted the afternoon of July 5.

Teck is assessing the overall impact to customer shipments and/or production, which will be dependent on the length of the rail disruption. CP and CN are working to assess damage and begin repairs.

At this time, based on guidance provided by the railways with respect to the timeline for repairs, Teck’s third quarter steelmaking coal sales are expected to be reduced by 300-500 thousand tonnes. Teck’s second quarter sales are unaffected as the disruption began on the last day of the quarter. Teck is also taking steps to mitigate the effect of rail disruption to transportation of product from Highland Valley Copper operations (HVC), which is not expected to have a material effect on third quarter sales at this time.

All of Teck’s BC operations are currently continuing to operate, with steelmaking coal operations continuing to produce and taking advantage of low levels of clean coal inventory at the mines. The ongoing wildfire risk is being closely monitored at all operations and comprehensive emergency management plans are in place, with employee health and safety being the top priority

Source - Strategic Research Institute

voda 14 juli 2021 10:12

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Government Gets Bids for 19 Coal Mines Only

India’s coal ministry has received bids for only 19 coal mines out of the 67 blocks offered under the second round of auction for commercial mining. As many as 20 companies have cumulatively placed 34 bids for commercial coal mining.

Burakhap mine in Jharkhand - 5 bids

Rauta mine in Jharkhand – 4 bids

Parties

Aurobindo Realty - 4

Sunflag Iron and Steel - 4

Vedanta submitted – 1

Bharat Aluminium Company - 1

Adani Power Maharashtra - 1

Aditya Birla Group’s Hindalco Industries – 1

Some other bidders include Adhunik Power, Rungta Mines, Prakash Industries and Shree Sai Urja. State government undertaking company Chhattisgarh Mineral Development Corporation has submitted one bid as well.

The ministry had on March 25 launched the second auction for coal blocks where private players can participate without any end-use restrictions. Even the first round of auction under the new commercial coal mining policy had received modest response from investors in November last year, when financial bids were received for 19 mines out of the 38 blocks put on auction.

Source - Strategic Research Institute

voda 14 juli 2021 10:20

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RWE Coal Power Plants in Hamm & Ibbenbüren Decommissioned

During the night from 7 to 8 July, the preparedness phase for RWE’s last two hard-coal-fired power stations in Germany came to an end. At the Westfalen in Hamm and Ibbenbüren locations, the last units will be decommissioned. For RWE, this signals the end of the era of hard-coal power generation in Germany.

In December 2020, in the first nationwide decommissioning auction for hard-coal power stations, RWE Generation had received the tenders both for the 800-megawatt Block E at the Westfalen power station as well as for the 800-megawatt Block B at Ibbenbüren power station. As a result, since the beginning of this year, RWE has no longer been allowed to sell electricity from these stations. As part of a mandatory six-month preparedness phase, the Westfalen station went online 13 times for reasons of security of supply on the request of the transmission system operator. Now this phase has also ended and from 8 July no more coal may be fired at either of these two locations. The decommissioning of the hard-coal units is a further important step towards climate-neutrality, which RWE will achieve by 2040.

The Westfalen site will continue to make an important contribution towards the energy transition, since the Federal Network Agency has categorised it as systemically relevant. The generator of Block E is to be repurposed as a rotating phase shifter and will provide reactive power for voltage stability – an important service for stabilising the electricity grid. This has no effect on RWE's carbon footprint, as no coal is burned to operate a phase shifter. Unit B of the Ibbenbüren power plant was not classified as systemically relevant by the Federal Network Agency, so the decommissioning of the power plant is now beginning.

Source - Strategic Research Institute

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voda 16 juli 2021 08:21

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CIL to Buy 11 Rope Shovels from Russian Iz-Kartex

Coal India Ltd has closed a deal valued at nearly INR 1,462 crore for purchase of 11 20-cubic metre electric rope shovels. CIL tied up a contract with Iz-Kartex named after PG Korbokov Ltd, a Russian shovel manufacturing company for installation and commissioning of the shovels after it bagged the bid through participation in global competitive tender involving reverse auction.

Contract has been concluded considering life cycle cost of equipment with likely consumables and spares for a period of eight years.

Source - Strategic Research Institute

voda 16 juli 2021 08:21

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Coking Coal Prices Guarantee JSW's development

Jastrzebska Spólka Weglowa President Barbara Piontek said that the current level of global prices of coking coal, a key raw material for steel production, guarantees JSW's profitable operations in the third quarter of this year. He said “The steel sector has been reviving for some time now, and after the COVID-19 restrictions, the full production capacity of blast furnaces has been restored. European steel producers have full order books until at least the end of the year and steel products are at their highest price levels in years. There is a high demand for coke on the market, which, in conditions of limited supply, generates high coke-to-coking coal price ratios, contributing to the above-average financial results of coking plants. Until recently, coking coal was the exception in the raw materials market, the prices of which remained very low despite the growth of other raw materials. The reason for this situation was the continued ban on the import of Australian coal by China, which upset the market equilibrium and caused an unprecedented price disproportion between Australian and American coal.”

Since mid-May, despite the persistent Sino-Australian impasse, the prices of Australian hard coal have been steadily rising, reaching the level of approx. USD 200 per ton in recent days. However, analysts do not agree on the sustainability of such a trend, pointing to the announced increase in coal supply and the projected limitations in steel production in China. According to other opinions, supply problems will not subside quickly and high prices will persist for a long time.

The JSW SA Capital Group is the largest producer of high-quality metallurgical coal and a significant producer of coke in the European Union. The Group's operations are conducted in two sectors: coal and coke. The Group is an active participant in the supply chain coking coal - coke - steel, focusing on the extraction and processing of coal and the sale of the Group's products - coal, coke and carbon derivatives, including coke oven gas, tar, benzole, ammonium sulphate and liquid sulfur.

Source - Strategic Research Institute

voda 19 juli 2021 08:16

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MC Mining Suspends Uitkomst Coal Mining Operations in South Africa

MC Mining has announced a temporary suspension of operations at its Uitkomst colliery due to civil unrest spreading throughout the KwaZalu-Natal province of South Africa. The violence has been reportedly linked to the recent imprisonment of former President Jacob Zuma. Protests, road blockages, and attacks targeting transport vehicles have been reported across the region. This includes the towns and communities where the majority of the Uitkomst mine employees and contractors reside.

MC Mining’s interim CEO Mr Sam Randazzo said “Our first priority is the safety of our employees and contractors and we have taken this immediate action to protect their wellbeing. Temporarily halting the colliery operations should also discourage activists from entering the Uitkomst site. Authorities have deployed security forces to areas where protests are occurring, and we remain hopeful of a speedy resolution so that our employees and contractors can return to work and for recommencement of operations at the Uitkomst colliery.”

Source - Strategic Research Institute

AEX 878,83 -3,44 -0,39% 30 apr


Germany40^	17.905,20	-1,18%
BEL 20	3.883,26	-0,09%
Europe50^	4.901,63	-0,40%
US30^	38.043,99	0,00%
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US500^	5.063,57	0,00%
Japan225^	38.318,54	0,00%
Gold spot	2.300,68	-1,51%
EUR/USD	1,0679	+0,09%
WTI	81,58	0,00%

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Ahold Delhaize	+1,17%
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VIVORYON THER...	-13,94%
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