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Weekly coal news highlights: 9 - 13 November 2015

Published by
World Coal,

Reducing emissions

  • The National Coal Council releases a new report for the US Secretary of Energy focusing on aiding CCS deployment: "Levelling the Playing Field for Carbon Capture and Storage Technology."
  • The Electric Power Research Institute releases a study on available technology that has the potential to help coal-fired power plants significantly reduce CO2 emissions through more efficient combustion and use of heat, compared to CCS.
  • Fortum to supply EDF Polska coal-fired power plant in Poland with a combustion technology solution that will reduce nitrogen emissions and help the plant achieve the EU’s emissions limits.
  • ION Engineering ad SINTEF are joining together to collaborate on a research project that will develop real-time online analysis for ION’s proprietary solvent.

Projects, operations and developments

  • Altitude Resources Inc. has provided an update on the 2015 exploration programme at its Palisades Project.
  • The Bloomfield Group is encouraging members of the community to review and comment on the Rix’s Creek Environmental Impact Statement (EIS), which has been placed on public exhibition as of 3 November 2015.
  • The second of three natural gas replacement projects licensed by Tianwo-SES Clean Energy Technologies Company Joint Venture in China and under construction for Aluminum Corporation of China Ltd has entered the commissioning phase.
  • Far East Energy Corp. has ceased CBM operations and commenced bankruptcy proceedings by filing a voluntary petition for relief under provisions of Chapter 7 of Title 11 of the US Code.
  • Anthracite production at Atlantic Coal’s Stockton mine jumped 2^% y/y in the ten months to the end of October.

Coal-fired power

  • Egbin Power intends to double its electricity generation capacity at its thermal coal-fired power plant in Nigeria by adding another 1350 MW by 2019.
  • Kibo Mining have appointed Tractebel Engineering to undertake the definitive feasibility study for the power component of the Mbeya coal-to-power project.
  • Dynegy will retire the 465 MW Wood River coal-fired power plant in Alton, Illinois in mid-2016, closing two coal-fired units that began operation in 1954 and 1964.

Quarterly results

  • Corsa Coal has reported its financial results for the three and nine months ended 30 September 2015.
  • Armstrong Energy Inc. reports results for the three and nine months ended 30 September 2015.
  • TECO Energy Inc. has reported non-GAAP 3Q15 results and indicated the quarter’s loss in discontinued operations reflects operating results TECO coal before its sale.
  • Arch Coal says it will not be able to continue to service its debt sustainably in the current market, as it announces a US$2 billion loss in 3Q15.

Coal handling

  • On Sunday 8 November, the final Great Lakes coal freighter delivered to the B.C. Cobb plant, in Michigan, USA.
  • Chief Financial Officer, Frank Lonegro, has reinforced the CSX’s 2015 guidance and outlined expectations for key markets in 2016 at the Baird Industrial Conference in Chicago, US.
  • American Electric Power completes the sale of AEP River Operations to American Commercial Lines for approximately US$550 million.

Not to be missed …

  • According to the International Energy Agency India will soon become the number one importer of coal, setting up Queensland as a premium supplier of its lower emission coal.
  • Benjamin Sporton, CEO of the World Coal Association, indicates the IEA’s latest World Energy Outlook is a reminder of the need for coal and use of clean coal technologies.

Written by Harleigh Hobbs

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