
API criticises congressional plans to raise energy taxes
API’s senior tax advisor warns that higher taxes will not help to lower prices, and could damage the US economy.
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API’s senior tax advisor warns that higher taxes will not help to lower prices, and could damage the US economy.

Arch Coal Inc. has announced that it has established a new subsidiary, Arch Coal Asia-Pacific Pte. Ltd., and named Renato Paladino president.

New Zealand miner, Solid Energy, will seek to acquire the assets of Pike River Coal, according to a company statement, but acknowledges that there are considerable challenges to bringing the mine back into production.

Australia Pacific LNG and Sinopec have signed a Sale and Purchase Agreement for the supply of LNG from Australia Pacific LNG’s CBM resources and proposed LNG facility on Curtis Island, Queensland. The agreement could be worth up to US$ 85 billion.

QGC has appointed qedi to apply its proprietary commissioning technology and consultancy expertise on its Queensland Curtis liquefied natural gas (QCLNG) development.

The US Environmental Protection Agency has announced a settlement with the Tennessee Valley Authority to resolve alleged Clean Air Act violations at 11 of its coal-fired plants in Alabama, Kentucky and Tennessee.

Landlocked Mongolia is the most sparsely populated country in the world, but has vast mineral resources. Ng Weng Hoong analyses growing investments in the country.

The Government of China is planning to amass a 5 million t emergency stockpile of coal. According to the China Economic Herald, the Government has asked top producers, including Shenhua Eenergy, to begin stockpiling to help alleviate bottlenecks that limit the available supply during peak demand seasons.

The amount of South African coal imported by India rose 8% in the year ending March 2011. According to mjunction, an online Indian e-commerce company, Indian imports accounted for about 32% of the coal exported from South Africa.

Global survey shows rollout of smart grids is finding favour with utility companies.

Paul Baruya, IEA Clean Coal Centre, UK, provides a brief overview of the Russian coal industry. This article takes extracts from an original IEA report authored by Geoff Crocker.

Rio Tinto has acquired a majority interest in Riversdale Mining Ltd, delivering control of significant tier one coking coal projects. Rio Tinto’s shareholding in Riversdale passed 50% and may increase further with the takeover offer remaining open until 20 April 2011.