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Weekly coal news highlights: 22 – 26 February 2016

Published by
World Coal,


Coal power

  • Doosan Power Systems India has received the Notice of Award for a coal-fired project in India worth US$294.35 million from the National Thermal Power Corp.
  • GE has announced that it will supply its advanced wastewater treatment equipment for an upgrade of Indianapolis Power & Light Company’s Petersburg Generating Station.
  • Tata Power, through its joint venture company Industrial Energy Ltd, has synchronised the second 67.5 MW Unit of its 3 x 67.5 MW IEL Kalinganagar project.
  • At Public Service Company of Oklahoma’s Northeastern station in Oologah, the plant’s coal-fired unit 3 has commenced operation with newly added emissions reducing equipment.
  • B&W wins a US$18 million contract to engineer, manufacture and install a power plant replacement reheater at Xcel Energy’s Pawnee generating station.

Project updates

  • Kibo Mining continues to attract strong Tanzanian government support for the Mbeya coal to power project.
  • Linc Energy and PT Sugico Graha sign agreements to develop commercial underground coal gasification projects in Indonesia.

Corporate affairs

  • Caterpillar Inc. has reported that Doug Hoerr is to become Vice President with responsibility for the Material Handling & Underground Division.
  • Caterpillar has also announced officer retirements and further consolidation of divisions.
  • The Timken Co. appoints Roellgen, Ruel and Connors to Executive Sales and Marketing roles.
  • Karen Peetz resigns from SunCoke Energy’s Board of Directors and the company make two new additions to the board.
  • Siemens and thyssenkrupp renew their collaboration for conveying system solutions in the mining industry for another five years.

Restructuring and refocusing

  • BHP Billiton makes new operating model to increase efficiency and accelerate productivity.
  • Orica Ltd has completed the restructuring of its Minova group as a stand-alone business unit dedicated to ground control solutions for the mining, geotechnical and construction industries.
  • Teck Resources has restructured its senior management following a number of retirements of senior executives.

Acquisitions

Financial and operational results

  • New World Resources Plc has released its financial and operating results for 2015.
  • Noble Group Ltd has warned it is expecting a net loss for 4Q15 of approximately US$1.2 billion for 4Q15 due to falling coal prices.
  • Vale reports its coal production results for 4Q15 and 2015 are down compared to last year.
  • Adani Ports and Special Economic Zone Ltd has released its financial results for 2015.

Not to be missed …

  • Researchers at the Department of Energy’s National Energy Technology Laboratory are studying the uses of copper in combatting climate change.
  • Opening arguments have been presented to the US Court of Appeals for the DC Circuit in the legal challenge to the US Clean Power Plan.
  • According to a US EIA report, coal consumption in the electric power sector decreased 18% from 2008 to 2014 in the US yet coal shipments made either exclusively or partly by rail has remained near 70%.


Written by Harleigh Hobbs

Read the article online at: https://www.worldcoal.com/coal/26022016/weekly-coal-news-highlights-22-26-february-2016-309/


 

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