RPT-Glencore woes cast shadow over Coal M&A
Glencore's efforts to reduce debts to turn around its share price will limit its ability to do deals on coal assets and its absence is expected to slow consolidation in the depressed sector.
India in talks to buy coking Coal mines in South Africa
India is talking to South Africa to buy coal mines there to feed its expanding steel industry, coal secretary Anil Swarup said, adding that New Delhi also hopes to stop imports of coal used to generate power in three years as domestic output jumps.
Adanis Carmichael Coal mine conditions are not strict: ACF
The Australian Conservation Foundation (ACF) on Tuesday said the 36 conditions imposed by the new Australian government to re-approve the Indian infrastructure conglomerate Adani Group’s $12 billion Carmichael coal mine and rail project are far from being ‘strict’.
Dhanbad Coal thieves find a safe passage in Damodar river
Quietly flows the Damodar between Jharkhand and West Bengal. The serenity is punctuated by the sounds of punters plunking the poles and mechanized purr of boats shuttling between the banks. And the boats appear to be doing good business. Stacked up on the boats are sacks of coal dug up illegally from Jharkhand meant for landing points across West Bengal.
Stick to Coal norms, NGT directs Power generation companies
The National Green Tribunal (NGT), Pune, has directed power generation companies to strictly adhere to set norms of not using coal having more than 34 pc ash content, thus providing relief to lakhs of people living in the vicinity of such units.
Oakland Coal Terminal Becomes a Political Flash Point
A proposal that could make this city a gateway for Utah coal to be shipped overseas has become a political flash point and put pressure on Gov. Jerry Brown, a former mayor known for his warnings on climate change, to come out against the project.
Coal company backed high-profile climate denier
The smog has lifted from the financial ties between high-profile climate denier Christopher Horner and the coal industry. The now-bankrupt Alpha Natural Resources Inc., one of the largest coal companies in the country, paid Horner $18,600 in three equal installments, according to documents filed as part of the company’s bankruptcy case.
Court Frames Charges Against Ex-Coal Secretary
A special court on Wednesday framed charges against former coal secretary H C Gupta and five others in a coal scam case pertaining to alleged irregularities in allocation of a coal block in Madhya Pradesh to an accused firm.
Coal-Mine Buyers Are Few And Far Between — Energy Journal
Major U.S. coal producers are trying to shed mines as coal prices remain in a slump, but the previously prominent financial investors and large industry buyers are hard to find, John W. Miller and Matt Jarzemsky report. “There’s just a vacuum of strategic buyers, especially at a larger scale,” said Fred Vescio, a managing director at investment bank Houlihan Lokey.
Morgan Stanley Targeted Over Coal Financing
Earlier this year, Bank of America and Credit Agricole both announced they were moving away from financing coal, citing a number of factors, among them the threat of future regulation due to coal’s impact on the planet and human health and pressure from environmental activists.