Coal

The progress of Botswana’s coal industry has been slow, with decisions being put back and projects stalled. Barry Baxter looks at the reasons for the delays.

Peabody Energy has acquired a 5.1% equity interest in Winsway Coking Coal Holdings Ltd

Anglo American has approved the development of the Grosvenor metallurgical coal project in Queensland, Australia. The project is situated immediately south of the company’s Moranbah North coal mining and is expected to produce 5 million tpa of coal over a period of 26 years.

Ncondezi Coal Co. Ltd has announced the results of studies on its Ncondezi project that examined the suitability of using middlings and low volatile coals for local power generation and coal gasification. The use of these products would represent not only in operating costs but also “significant additional revenue” for the company, according to Graham Mascall, CEO of Ncondezi Coal Co.

Rio Tinto has completed the divestment of its Colowyo mine, a thermal coal mine located in western Colorado, US, to Western Fuels-Colorado LLC.

November 2011: Kay Sever examines methods for getting the most out of company meetings.

Steel maker ArcelorMittal has made an unexpected last-minute withdrawal from its US$ 5 billion joint bid for control of Macarthur Coal, leaving joint venture partner Peabody Energy to proceed with the takeover alone.

China’s economy faces a strong headwind from power shortages and rising coal costs. Ng Weng Hoong assesses the threats.

Wood Mackenzie’s Near-Term Market Outlook cautions of falling metallurgical coal prices from now to Q4 2012, dropping from the current quarterly price of US$ 285/t for premium metallurgical coal to under US$ 240/t.

Proposals previously blocked by environmental groups have gained traction as planned Ohio diesel and jet fuel refinery switches from coal to natural gas. Also includes a round up of other US refining news.

Peabody Energy and ArcelorMittal have announced that they have received clearance from the Chinese Ministry of Commerce to proceed with their AU$16/share offer for all outstanding shares of Macarthur Coal Ltd.

Anglo American has announced that it has acquired 100% ownership of Peace River Coal Limited Partnership.

October 2011 - What if businesses measured 'human productivity' as well as equipment productivity?

Green Gas International and the A.A. Skockinsky Institute of Mining (SIM) have announced the signing of a co-operation agreement. The agreement facilitates the joint development of coalbed methane (CBM) drainage and utilisation projects in the Russian Federation through a joint venture company.

Mike King explains why Indonesia continues to attract investment despite the uncertainties of its legal code.