Coal

In the largest single deal by an Indian company in Australia, Linc Energy has agreed to sell its Galilee Basin coal deposits to India’s Adani Enterprises in a deal worth up to AU$ 3 billion.

Barker puts low carbon growth at the heart of UK/India relationship.

Hunnu Coal has announced the results of coal quality analyses performed on samples taken from the due diligence drill cores at the Tsant Uul coking coal project. Initial test results demonstrate similarities to coals at the giant Tavan Tolgoi field.

Peabody Energy has approved the expansion of the Wilpinjong thermal coal mine in New South Wales, Australia, which is expected to increase production by 2 – 3 million tpa from 2012 as part of the company’s push to increase Australian production to 35 – 40 million tpa by 2014.

Frank Clemente Ph.D, examines the economic, environmental and social benefits of using coal.

The Digest of United Kingdom Energy Statistics 2010 is published today by the Department of Energy and Climate Change.

Macarthur Coal has been forced to cancel a AU$ 110 million deal with CITIC Resources over a coal joint venture, as it has failed to secure waivers of pre-emptive rights from all minority participants.

Korea Electric Power Co. has announced the acquisition of a 20% stake in PT Bayan Resources for US$ 515 million.

The remaining five bodies have been recovered from a flooded coal mine in China, raising the death toll to 13.

Power shortages in France could have a knock-on effect on the UK energy market due to cross channel ownership of UK power stations.

The EU has clamped down on state subsidies to the European hard coal sector, ruling that loss making mines can only continue to receive government help if plans to close them are put in place.

The Energy Event will be hosting its inaugural Awards Dinner in September to showcase a more positive side of the energy industry.

Leading Central European miner, New World Resources, has announced its pricing agreement for coking coal and coke sales for Q3. Both average prices for coking coal and coke will increase on Q2 prices.

Continental Coal Ltd and EDF Trading have signed an off-take and funding agreement for all export quality thermal coal produced from Continental’s Project X, Vaalbank and Vlakvarkfontein mines for a 20 year period.

What challenges are facing the energy industry and how can they solve these problems?