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Weekly coal news highlights: 25 - 29 January 2016

Published by
World Coal,

Power plant developments

  • Hollysys Automation Technologies wins a contract to provide its proprietary distributed control system for 2 x 1052 MW Ultra-Supercritical coal-fired power generating units to a Chinese power plant.
  • GE won a deal to deliver 2.6 GW of power to two major power plants in China, supporting China’s commitment to efficiency and conservation. The company is also to upgrade generator and steam turbine assets to help Poland’s largest utility, PGE GiEK S.A., modernise its Turow power plant, resulting in a 45 MW output increase.
  • Mozambique coal power developer, Ncondezi Energy, has signed a joint development agreement with Chinese company, Shanghai Electric Power.
  • A consortium of investors, including Taekwang Power and Aowa Power, signed an investment agreement for the Nam Dinh 1 Build-Transfer-Operation thermal power plant in Ha Noi, Vietnam.

Coal exports

  • China’s largest coal company, Shenhua, became a net exporter of coal in 2015 after its imports collapsed 97.1% to just 200 000 t.
  • Coal exports through Richards Bay Coal Terminal were 4 million t up on 2014 as the port solidifies its stranglehold on South African coal exports.

A focus on coal-fired power across the globe

  • According to a new report, the UK government’s intentions to close UK coal and nuclear power plants could leave the country with an electricity supply gap of up to 55% by 2025.
  • India could remain dependent on coal for two thirds of its energy in 2025, despite growth in alternatives.
  • According to a statement from Vietnam’s Prime Minister, the country is to stop new coal-fired power developments to focus on gas and renewables.

CCS – a focal point

  • Carbon capture and storage has a crucial role to play in decarbonising the UK economy, according to an independent panel of experts.
  • Aker Solutions has commenced a five-month test programme to capture carbon dioxide emissions from the municipality-operated waste-to-energy Klemetsrud plant in Oslo, Norway.

End of year results

  • CNX Coal Resources LP has reported financial and operating results for the quarter ended 31 December 2015.
  • Alliance Resource Partners reports its financial and operating results for the year ended 31 December 2015.
  • Anglo American has reported its coal production results for the 4Q15, seeing increases in metallurgical production but declines in thermal.
  • Coal production at Wesfarmers’ Curragh mine fell in 4Q15 on a planned mine shutdown to allow upgrade of the coal mine’s coal crushing facilities.
  • North American rail company, Canadian Pacific, has reported record revenue of CAN$6.7 billion with coal revenues up 3%.
  • Yancoal saw its production fall 9% in 2015 – but still managed to grow its sales volumes by 1%.
  • Cockatoo Coal hit record coal sales from its Baralaba mine in 4Q15, despite the appointment of administrators in November.

Not to be missed …

  • Canadian Pacific has released a report highlighting what it sees as the need for rail industry consolidation in North America.
  • Rio Tinto is set to sell its Mount Pleasant thermal coal assets to MACH Energy Australia for US$224 million plus royalties.
  • According to the latest reports from the US EIA, US coal production finished 2015 off approximately 13% from 2014 totals. Meanwhile spot prices for coal continue their long-term decline and natural gas slipped back slightly from recent highs.
  • Oversupply and falling demand has reduced dry bulk freight rates to their lowest levels since the Dry Bulk Index started in 1981.

Written by Harleigh Hobbs

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