Australia should take a technology neutral approach to all low emissions energy sources, including renewables, gas, nuclear and advanced coal technologies, such as HELE generation plant and CCS.
The latest coal news
The IEA Executive Director recently met with Australian Ministers and the energy community to review energy security and the role of renewables, natural gas and clean energy technologies.
Kibo Mining and Tanzania Electric Supply Company sign a Power Purchase Agreement for the company’s Mbeya Coal to Power Project in southwestern Tanzania.
Queensland Resources Council’s Executive Ian Macfarlane believes “Aurizon is willing to use its power as the monopoly operator of the network and further highlights why the regulatory process needs to be followed to maintain a level playing field.”
The new laboratory will be used to analyse a wide range of rates relevant for commercial coals, including toxic and harmful elements, which is crucial in terms of environmental safety.
Active Energy has opened its inaugural CoalSwitch plant in Utah, which marks a major milestone for the company.
Wood Mackenzie provides a commentary on a recent decision by the People’s Republic of China’s to cap thermal coal prices at the request of the NDRC following strong winter demand.
Australia's coal exports in 2017 were worth 35% than in 2016, and was the country's second largest export in 2017 after iron ore.
Alliance Resource Partners, L.P. has announced its financial and operating results for the quarter and year ended 31 December 2017.
Voith Turbo reflects on its landmark achievement of September 2017 in which it dispatched its 100th BHS turbo gearbox to Siemens Industrial Turbomachinery, cementing their collaboration.
Aspire Mining Ltd selects China Gezhouba Group International Engineering Co Ltd to become a joint contractor for the Erdenet to Ovoot railway project.
Glencore’s coal production for 2017 has declined by 3% compared with 2016, with a mixed result at Australian operations and as expected results in Colombia and South Africa.
M Line Holdings Inc. agrees terms on first coal mining permit for its new subsidiary M Line Coal Development Inc.
Exxaro awards contract to DRA for construction of a 500 tph coal handling and preparation plant in Mpumalanga, South Africa.
Caterpillar’s Vice President of Global Supply Network Division (GSND) Frank Crespo is to retire at the beginning of February.
Australia’s minerals industry welcomes support from the International Energy Agency (IEA) for a market-based approach to low emissions technology, combined with better system planning to avoid high costs and system disruptions.
The industry also welcomes the IEA’s acknowledgement of Australia as a ‘cornerstone’ of global energy markets through its position as a leading supplier of coal, uranium and LNG, securing energy for growing Asian markets.
The IEA’s 2018 Review of Australia’s Energy Policies recommends the Australian Government should ensure that low emission technology support is market-based and guided by locational signals, supported by energy system-wide network planning.
The IEA also stated that: “Australia is well placed to demonstrate cutting-edge technologies, including concentrated solar power, battery storage and carbon capture and storage (CCS),” and urged Commonwealth and State Governments to step up support for technology R&D and commercialisation, including through ARENA and the CEFC.
This is consistent with the long held view of the Australian minerals industry that technology neutrality and competitive markets should underpin Australia’s energy policy.
A competitive energy market is the best way to deliver affordable, reliable and lower emissions energy. However, successive Federal and State government policy interventions have distorted market signals and led to increased prices and reduced reliability.
Over the past decade, Australia has moved from having some of the lowest to some of the highest energy costs in the developed world. Australia needs to restore its international comparative advantage of reliable, low cost energy while meeting its emissions reduction targets.
Australia should take a technology neutral approach to all low emissions energy sources, including renewables, gas, nuclear, advanced coal technologies, such as high efficiency, low emission (HELE) generation plant and CCS.
Australian coal producers have established the unique COAL21 initiative to generate funding for CCS and other low emission coal technology projects. The COAL21 Fund co-invests with government, electricity generators, equipment suppliers and other investors, is funded by a voluntary levy on coal production and has so far committed AUS$300 million to projects.
As Dr Fatih Birol has noted, CCS is an important mechanism to efficiently deliver long-term climate goals. Industry should continue to work with governments to facilitate wider deployment of CCS technologies.