Weekly coal news highlights: 6 – 10 July 2015

Coal news highlights: 6 – 10 July 2015

Development

• Edenville Energy has met with Chinese contractors, SEPCO2, in Tanzania to discuss the development of the Rukwa coal-to-power project.
• Central Coalfield Ltd plans to start new projects for coal mining in Jharkhand, India.
• Environment Minister, Greg Hunt, has approved the Shenhua Watermark coal mine, yet there are concerns among the community.
• A discussion of developments in longwall mining with representatives from longwall OEMs, Joy Global and Eickhoff, and ground control specialists, Jennmar.

Mining

• Coal production from US mines with mountaintop removal has decreased 62% since 2008, according to the US Energy Information Administration.
• A joint solution from RCT and Hexagon Mining is helping a Chilean mine overcome the challenges of operating in the Andes.

Corporate affairs

• Robert Osborne succeeds Mark Peifer as the Vice President and CEO of Ohio Valley Electricity Corp.
• Powder River Basin coal mining company, Cloud Peak Energy, has appointed Robert Skaggs to its Board of Directors.
• Weir Minerals will acquire Delta Industrial Valves for US$47 million, expanding the division’s presence in the mining market through increasing its portfolio of valve products.
• Peabody Energy has entered into an agreement with Sekitan Resources to sell its Wilkie Creek mine and associated assets in Queenland’s Surat Basin.
• Eagle Bulk Shipping’s Board of Directors has appointed Gary Vogel as the company’s CEO, effective 1 September 2015.
• Alliance Resource Partners, L.P. has reached an agreement to acquire all of the remaining White Oak equity interests, including operating control of the White Oak Mine No. 1.

Challenging old king coal

• Electricity generated from natural gas surpassed that generated from coal for the first time in US history in April.
• Weakness in demand and competition from natural gas remain the story in the US coal industry with prices continuing their downward spiral.

Not to be missed …

• A significant sector of the US coal industry prefers life cycle management contracts for their equipment.
• Mongolia plans to increase economic growth by selling stakes in state-owned enterprises, including the largest coal mine in Mongolia.
• Support for high-efficiency low-emission coal-fired power will be needed as part of a Paris agreement on climate change.

Read the article online at: https://www.worldcoal.com/mining/10072015/weekly-coal-news-highlights-6-10-july-2015-2542/