Weekly coal news highlights: 13 – 17 July 2015

Published by Harleigh Hobbs, Editor
World Coal, Friday, 17 July 2015 16:45

Coal news highlights: 13 – 17 July 2015

Coal production and development

Coal production in the US fell sharply for the week ending 4 July. The declines from last year steepened, with production off 16.6% from last year’s levels according to the latest report from the US Energy Information Agency for the week.
Christian Pfeiffer, Germany, signs contract to deliver and construct two coal mills, both rated for outputs of 35 tph of coal, for Amreyah Cement Co. in Egypt.
Duke Energy announces Electric Power Research Institute will conduct a comprehensive study of the coal ash recycling market and available technologies in order to move forward with coal ash management.

Mine permit news

CIL is to give up over 75% of its coal license areas in Mozambique as it focuses on boosting its domestic production.
The Ekhgoviin Chuluu Joint Venture between Aspire Mining and the Noble Group has acquired two new license areas in southern Mongolia.
The New Zealand Government approves Strategic Mining acquiring control of the mining licence for the Tatu coal project.

Mine developments, obstacles and updates

A recent Timetric survey indicates mining companies in USA and Canada are increasing investments in vehicle-related technologies in the next two years.
Hume Coal intends to build a low-impact and environmentally sensitive underground coal mine in the Southern Highlands, Australia, creating 400 jobs and protecting the groundwater system for the local community.
An incident has occurred at the Clarence coal mine, involving the overflow of material from a holding cell. Centennial Coal is working towards a thorough clean up with a top priority of reducing environmental impacts.
Paringa Resources intends to raise US$5.1 million through a share placement to strengthen its balance sheet in preparation of starting formal debt financing discussions for its Buck Creek No. 1 mine.
Edenville Energy updates the status of its Rukwa coal to power project near Sumbwanga, southwestern Tanzania.
Changes to New South Wales’ planning policy would be a negative for planned mining projects in the state.
Environment Minister, Greg Hunt, pledges to withhold final approval of the Shenhua coal mine if strict water management conditions are not met.

2Q15 reports

Whitehaven Coal releases its 2Q15 report for coal production and coal production sales.

Rio Tinto releases a firm 2Q15 production results and projects its coal production for the rest of 2015.

Cloud Peak Energy announces its 2Q15 shipments, updated annual adjusted EBITDA Guidance and schedule for earnings results.

Not to be missed …

The National Grid will pay utilities to keep shuttered plants on standby this winter as the country faces tight capacity margin.

Coal's decline in the US culminated in it losing its market-leading roll in April to natural gas. But elsewhere, the fuel is still going strong.

The market for cleaner coal-fired power technologies will continue to be dominated by supercritical and ultra-supercritical technology to 2025.

Written by Harleigh Hobbs

Read the article online at: https://www.worldcoal.com/coal/17072015/weekly-coal-news-highlights-13-17-july-2015-189/

Coal exit and workforce shortages keep short-term Australian power prices high

Thursday 25 April 2024 12:30

Cornwall Insight has reported that the ongoing phase-out of coal facilities and the sluggish progress in launching new renewable energy projects is poised to push Australian electricity prices higher until 2030.