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Weekly coal news highlights: 27 – 31 July 2015

Weekly coal news highlights: 27 – 31 July 2015

A round-up of some of this week’s key news items from the international coal industry, from business acquisitions to the latest 2Q15 results.

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The latest coal news

NMA: EPA regulations to bring increased electricity prices

NMA: EPA regulations to bring increased electricity prices

The US Environmental Protection Agency’s soon to be revealed plan to impose new regulations on emissions from existing power plants will bring unwanted increases in electricity prices for consumers and businesses, according to the National Mining Association.

WCA promotes coal’s role in meeting global energy

WCA promotes coal’s role in meeting global energy

The World Coal Association urges the World Bank to consider the key role of coal in bringing affordable, reliable electricity to developing and emerging economies particularly across Asia.

New market members join globalCOAL

New market members join globalCOAL

Market members from the UK and United Arab Emirates join the globalCOAL trading community.

New CEO for Tenova

New CEO for Tenova

Andrea Lovato is appointed the new CEO of Tenova. The company has also been organised into two divisions: Metals and Mining.

 

Knowledge is power

Knowledge is power

Enforcement and liability risk reduction tips and knowledge to keep your company at low risk of adverse DOL/MSHA/OSHA actions.

Job losses from coal dwarf gains from wind

Job losses from coal dwarf gains from wind

Despite the wind industry’s job-creation claims, the impact of the EPA regulation of coal-fired power plants will result in far more job losses.

Vale’s coal business loses US$102 million in 2Q15

Vale’s coal business loses US$102 million in 2Q15

Vale’s coal business reported a US$102 million loss in 2Q15, improving on the US$128 million loss in the previous quarter.

Cloud Peak Energy 2Q15 results

Cloud Peak Energy 2Q15 results

Cloud Peak Energy announces its 2 Q15 results. Adjusted EBITDA stands at US$10.6 million and shipments decline to 16 million short t.

 

McGraw Hill Financial to acquire SNL Financial

McGraw Hill Financial to acquire SNL Financial

McGraw Hill Financial signs a definitive agreement to acquire SNL Financial for approximately US$2.225 billion. The transaction is expected to complete in 3Q15, subject to regulatory approvals and customary closing conditions.

Datamine under new control

Datamine under new control

Constellation Software acquires CAE’s Datamine mining division.

Miners in Asia and Africa more likely to change OEMs

Miners in Asia and Africa more likely to change OEMs

A recent survey by Timetric’s Mining Intelligence Center finds over half of the respondents in Asia and 39% of respondents in Africa are likely to switch OEMS within the next five years.

Chinese market remains oversupplied

Chinese market remains oversupplied

China remains oversupplied with coal on significantly lower consumption that the last two years.

 

Consol Energy announces 2Q15 loss

Consol Energy announces 2Q15 loss

Consol Energy has announced a second quarter loss of US$603 million following a writedown of its oil and gas assets

Maptek Sentry to be used for monitoring at Portia mine

Maptek Sentry to be used for monitoring at Portia mine

Consolidated Mining & Civil Ltd gain a Maptek Sentry monitoring system to use at Havilah Resources Ltd’s Portia gold mine in South Australia.

Peabody announces billion dollar quarterly loss

Peabody announces billion dollar quarterly loss

Peabody Energy has announced a quarterly loss of US$1.01 billion on writedowns of US$900.8 billion on its Australian metallurgical coal operations and US assets for sale.

Exploration programme commences at Nuurstei coal project

Exploration programme commences at Nuurstei coal project

A joint venture between Aspire Mining and Noble Group: the Ekhgoviin Chuluu Joint Venture has commenced 2015 exploration programme at the Nuurstei metallurgical coal project.

 

 
 

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