Asciano has secured a new long-term contract with Anglo American to haul 16.5 million tpa of coal in Queensland, Australia. The company expects the agreement to generate over AU$ 775 million in revenue.
The US coal sector is facing better prospects after a tough year. However, concerns remain, particularly with regard to climate change legislation, which could have a profound impact on the coal sector.
Hargreaves Services has announced that it no longer wishes to pursue the possibility of a merger deal with UK Coal.
Ncondezi Coal has announced its admission to trading on AIM, the commencement of dealings in its shares on AIM, and the successful raising of US$ 52 million for the company.
New Zealand coal miner, Solid Energy, plans to build an underground coal gasification plant on its Huntly West Coal Mining Licence area, Waikato. The plant, which is subject to approval of the relevant applications, will convert up to 30,000 t of coal into syngas and builds on 5 year’s of investigation by the company.
Siemens Energy has successfully completed the first firing of PetroAlgae Inc.’s biocrude fuel, a plant-based, micro-crop biomass material that is processed into a solid residue. The biocrude fuel was combined with pulverised coal in a pilot-scale burner with a thermal capacity of approximately 4 MBtu/hour.
Close to China and its huge demand for natural resources, Mongolia has vast untapped resources that are ripe for exploitation, including huge coal deposits. Hunnu Coal aims to help develop these resources and has recently acquired a 60% interest in the Buyan coal project, in the giant Tavan Tolgoi coking coal field in the Umnugobi Province of Mongolia.
Xstrata has suspended some of its mining investments in response to the Australian government’s proposed new resource tax.
The Captain Sandstone in the Moray Firth is being investigated as a possible site for carbon storage due to the salt infused sandstone present there.
The transition from a reactive maintenance culture to a proactive one can be beset by pitfalls.
As Asia rushes to meet excessive power demand, its power companies are targeting coal producing countries worldwide to secure supplies. This has lead to domestic supply concerns in at least two countries, as well as fears for the export market as China increases its interest in Mongolian coal; a move that threatens to reshape world coal trade.
Canada is positioning its coal sector to take advantage of the next upturn, with the inevitable return to domestic and international demand for energy looming. The county’s prime focus is on expanding capacity.
According to the ACCCE, clean coal technology could potentially provide thousands of jobs and make a major contribution to the US economy.
New energy bill announced: green focus plus help for North Sea production.
The third annual World Coal Asia Special includes exclusive analysis of the world's most dynamic coal market.