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Weekly coal news highlights: 28 September – 2 October 2015

Published by
World Coal,


A round-up of news for the week 28 September – 2 October 2015

Coal production

  • 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.

Water pollution

  • 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 targets

  • 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 …

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/


 

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