Coal news updates

Xcel Energy intends to cut its carbon emissions by 35% through the retirement of ageing coal plants.

The roundtables will bring together participants with different perspectives, covering a number of geographic regions and addressing the entire lifecycle of coal, from mining through to its use.

Westmoreland Coal Company’s new financing commitment will simplify capital structure, provide working capital and allow additional time to develop right-sized capital structure.

The increased projections stem from the strong international demand for metallurgical coal, and the stable prices for both metallurgical and thermal coal from Queensland.

On Friday 18 May, OTC Markets Group, Inc. welcomed Yanzhou Coal Mining Company Ltd.

Japanese steelmakers have raised concerns about Aurizon’s actions to restrict the movement of metallurgical coal from central Queensland mines to export ports.

The Minerals Council of Australia says the Federal Government should back Australian mining companies and the regional communities which they support.

ENGIE Hazelwood has reaffirmed its commitment to the safe decommissioning of the power station block and mine.

NACCO Industries, Inc. declares a regular cash dividend of 16.5 cents per share. 

BPDB and CHDHK have formed a joint venture for a coal power plant in Bangladesh.

Peabody’s Glenn Kellow has been declared as the new Chairman of World Coal Association.

Gulf Energy, the developer of the Lamu coal power plant in Kenya, will use GE’s Ultra-Supercritical Clean Coal Technology following an agreement signed in Nairobi yesterday.

The Port of Indiana Mount Vernon achieves record first quarter in 2018, driven by increases in the shipment of coal, grain, salt, limestone and soy.

Following a co-operation agreement on 15 May, the FAMUR Group and its group of partners will co-operate in the procurement of orders on the Indian market in the mining and energy sector.

An MoU for the improvement of Bihar’s power sector has been signed between the Government of Bihar and NTPC Limited.

Mohegan Energy Trustees has acquired a West Virginian metallurgical coal operation from Met Resources through a US$100 million strategic partnership with Orion Energy Partners.

The US Department of Energy issues a Request for Information on the development of small-scale, modular coal-fired power plants of the future.

Corsa Coal Corp. publishes its financial results for the first quarter of 2018 with record metallurgical coal sales volume levels in the quarter.

In order to carry out a domestic coal project, Asian Bulk Logistics must increase its dry bulk fleet.

The objective of the RFI is to support DOE’s mission to lead R&D that promotes better steam turbine performance through advanced design and manufacturing techniques.

The CEO of Arch Coal, Inc. is to speak at the Bank of America Merrill Lynch 2018 Global Metals, Mining and Steel Conference in Miami (USA) later this week.

Eskom has absorbed ZAR 57 billion of costs over the period of the RCA applications, and has proposed a further ZAR 4.6 billion reduction.

Aurizon’s reduction in the number of coal trains will cut AUS$4 billion from Queensland exports and AUS$500 million in annual royalties paid by the industry to the Queensland Government.

The US Department of Energy’s Office of Fossil Energy and NETL are working to meet the challenges of fossil energy transformational power technologies.