A round-up of news for the week 28 September – 2 October 2015
- US coal production has increased by 438 000 short t for the week ending 19 September however due to current prices, it is difficult to produce coal economically.
- Anthracite sales and ROM production have jumped in 3Q15 for Atlantic Coal, as demand for the speciality coal remains strong going into the peak winter demand period.
- Bowie Resource Partners will scale back production at Bowie #2 mine near Paonia, Colorado, as a result of idling longwall mining due to developing a new longwall panel.
Sales and acquisitions
- South African coal company, IchorCoal, has launched its bid for Australian mining company, Universal Coal.
- FreightCar America completes the sale of its railcar repair and maintenance services business to Appalachian Railcar Services, for US$20 million.
- Rio Tinto sells its 40% interest in the Bengalla coal Joint Venture in Australia to New Hope Corp. for US$606 million.
- NewLead Holdings has not completed the purchase of the Marrowbone coal mine as expected.
- Bedeschi S.P.A of Padua, Italy, acquires a leading provider of turnkey bulk material handling systems, the Bulk Group of Dearborn Mid-West Conveyor Co.
- US utility, AEP, has agreed to sell its AEP River Operations inland barge company to American Commercial Liners.
- David Brown has bought out its Indian joint venture partner, Bharat Forge.
Business restructuring and closing facilities
- Following reviewing its operations, Glencore intends to cut a potential 380 jobs at its Optimum Coal subsidiary in South Africa.
- Joy Global is to close its heavy fabrication and welding department at its Milwakee facility on low demand for mining equipment.
- The largest coal mining company in northeast China is to cut 100 000 jobs as the industry continues to struggle against low prices.
- Swedish engineering company, Sandvik Group, has said it will divest its Mining Systems business.
- The US EPA has finalised federal rules on reducing the discharge of toxic pollutants from steam electric power plants, including coal-fired power plants.
- Duke Energy agrees to pay a US$7 million settlement to resolve former, current and future groundwater issues at all 14 North Carolina coal facilities.
- Energy access targets should include high efficiency low emissions coal-fired technologies, as well as carbon capture and storage, in order to support urbanisation and industrialisation in development countries.
- The US Environmental Protection Agency approves the updates to New Mexico’s Clean Air Plan.
- BHP Billiton sees thermal coal use dropping substantially if a global climate change agreement is reached in Paris, limiting temperature rise to 2°C.
Not to be missed …
- Mike Sherman, RMI, UK, looks at how new sensor technology can be used to improve mine efficiency and safety.
- Lyn Bates, Ajax Equipment Ltd, UK, explains how companies can improve the discharge of coal from hoppers and bins.
Written by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/coal/02102015/weekly-coal-news-highlights-28-september-2-october-2015-2954/