Weekly coal news highlights: 14 – 18 September 2015

Published by Harleigh Hobbs, Editor
World Coal, Friday, 18 September 2015 15:30

A round-up of weekly coal news highlights

Developments, projects and operations

SEPCOIII Electric Power Construction Corp. and Firebird Mongolia Fund Ltd complete a joint development agreement for the development and financing of the Tevshiin Gobi power plant project in Mongolia.
KE, CDTO, and CMEC enter into a binding tripartite joint development agreement for the development of the coal-fired power project at Port Qasim.
Following an additional investigation of the competitive landscape, the current market situation and potential risks, Sandvik will carry on its operations in Turku, Finland.
Thermal Powertech Corp. India commences full commercial operation.
Blaschak Coal Corp. expands its mining activities in two new locations in the anthracite coal measures of Northeastern Pennsylvania, adding almost 3 million t of clean coal to its reserves.

As a result of decreased coal demand worldwide, coal miners in Indonesia have reduced production. For the first eight months of 2015, production declined 15.4% to 263 million t.
A new report by the US Energy Information Agency (EIA) has indicated China’s coal consumption has slowed following almost a decade of fast expansion – a result of changing GDP, industry restructuring and new energy and environmental policies.
The US Energy Information Agency provides a forecast on short-term outlooks on US coal consumption, exports, supply and prices.

Vedanta appoints Cynthia Carroll as the Chair of Vedanta Resources Holdings Ltd, a global natural resources and mining company.
Haver & Boecker Canada selects Darcy Bishop, formerly the Manager of the Screen Media Division and Edmonton Branch, to Vice President of Internal Sales.
Wescoal Holdings Ltd appoints Izak van der Walt as the new CFO of the company.
The Weir Group elects Ricardo Garib as new Minerals Division Managing Director.
Foresight Energy LP, a Delaware limited partnership, appoints Mr G Nicholas Casey, Jr. as a new independent member of the Board of Directors of its general partner.

Sibanye Gold signs a term sheet with the Waterberg Coal Group to meet the company’s electricity supply targets by investing in the group for a steady supply of coal.
Superior Industries Inc. acquires Illinois crusher manufacturing facility from FLSmidth.
Patriot Coal Corp. has a potential new bidder for the bulk of its asset (including mines in West Virginia and reserves in other states), competing with Blackhawk Mining’s bid.
Poland's Enea could offer to buy 64.6% of private coal miner Bogdanka, valuing the stake at 1.48 billion zlotys (US$399.7 million).

The US Energy Information Agency provides a forecast on a short-term energy outlook on US Electricity generation, consumption and retail prices.
GE chemists develop a solution that uses a class of amino silicone compounds at various temperatures to capture carbon.

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