The global carbon market saw 82 billion t of CO2 equivalent exchange hands in 2009, and increase of 68% on the previous year. Despite this, however, the value of the global carbon market remained virtually unchanged on 2008 figures due to low carbon prices.
Bucyrus International Inc. has announced an agreement to buy the mining equipment business of Terex Corp. for US$ 1.3 billion in cash. The acquisition will create a premier supplier of mining equipment with an addressable market of US$ 30 billion and about 10,000 employees in 100 locations around the world.
UN committee recommends delaying the decision to include carbon capture and storage in Clean Development Mechanism.
US energy secretary, has announced the selection of three new projects to accelerate the development of advanced coal technologies with CCS at commercial-scale.
Doosan Babcock had announced it will undertake a major carbon capture project with Basin Electric Power Cooperative. The project will commence in January.
JFE Steel Corp. will acquire a 20% stake in the Byerwen coal project from QCoal Pty Ltd. JFE has also agreed an off-take contract that will supply JFE with 2 million tpa or premium hard coking coal from Byerwen.
The US EPA has delayed its decision on regulating coal ash waste from power plants. A decision was expected before the end of the year but, due to the complexity of the analysis involved, the agency is still actively working on parts of the proposal.
Macarthur Coal Ltd, has announced a number of acquisitions which will significantly increase their operations and market capitalisation.
The UK government is working closely with domestic power companies to help keep the UK at the forefront of CCS technology.
Barry Baxter explains how logistics threaten coal developments in Mozambique.
The US EPA issued a statement on 7th December that confirms the findings of its investigations into greenhouse gases and human health.
Cemtrex Inc. has entered into an agreement with a South American coal mine company to develop, supply and construct a coal mine methane (CMM) project.
The UK Coal Authority has awarded Clean Coal Ltd licences to investigate the potential for underground coal gasification (UCG) at five sites in the UK. If the investigations are successful, commercial operations could start by 2014/15 and could lead to UGC producing 3 – 5% of the UK’s total energy requirement.
CIC Energy’s Mmamabula project could be the most significant economic milestone in Botswana’s development since the diamond mines opened. However, the project has had to cut back its potential by 50% and could face further uncertainty unless South Africa lets its power generator, Eskom, play a strong card soon.
Arch Coal has agreed to lease the 9600 acres of GNP’s coal resources in Otter Creek, southeastern Montana, US. It is reported that the agreement could encourage Gov. Brian Schweitzer to lease adjacent coal tracts owned by the state.