Coal

A report from CoBank finds that the US coal industry will decrease further in the next few years with more than 20% of the nation’s current coal production potentially being shuttered.

Rising hard coking coal prices and cost optimisation at the company’s coal mines helped bring Mechel back to profitability in 1H16.

The US Department of Energy (DOE) has announced approximately US$6.7 million in federal funding for products produced from carbon dioxide.

Southwest Research Institute (SwRI) is leading a team to help formulate a plan for an oxy-combustion pilot plant under a US$3.3 million project from the US.

Ohio University receives US$2 million POWER grant to support regional economic development in coal-impacted communities.

The US Energy Information Administration (EIA) has published the weekly coal production data for the week ending 13 August 2016.

Rhino Resource Partners LP has announced it entered into an agreement to sell its Elk Horn coal leasing company.

TerraCom Ltd has announced the agreement of a AUS$1.1 million placement to three large Eastern European based private investment companies.

The West Virginia Department of Environmental Protection has ordered a permanent halt to mining activities at Keystone Development No. 2 mine.

World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 133.7 million t in July 2016.

Charbon Coal has been fined in the Land and Environment Court for failing to comply with their project approval at the Charbon coal mine near Kandos in New South Wales.

Workers at India’s state-owned coal company, Coal India, will down tools in early September to protest against the government’s plans to further private sector involvement in the industry.

Yancoal announced a loss of AUS$180.4 million in 1H16 on production falls and limited coal price improvements.

The ramp up to commercial production at Whitehaven’s Maules Creek coal mine helped the company return to profit in FY2016.

Russian coal company, Kuzbasskaya Toplivnaya Co. (KTK), has swung into the red in 1H16 on weaker seasonal demand and lower export prices.