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RPT-Glencore woes cast shadow over Coal M&A

October 21, 2015

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.

US Cong delegation in India to explore Coal use efficiency

October 21, 2015

A delegation of the US Congress is visiting India to explore cooperation between the countries in improving the efficiency of coal usage. 

 

India in talks to buy coking Coal mines in South Africa

October 20, 2015

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

October 20, 2015

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

October 20, 2015

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

October 19, 2015

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

October 19, 2015

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

October 16, 2015

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.

U.S. doles out $15 mln to bolster Coal state economic transition

October 16, 2015

The Obama administration on Thursday awarded nearly $15 million in grants to projects across 12 coal-reliant states and tribal territories to help them diversify their local economies as the domestic coal industry wanes.

CSX: Reducing Train Operations in Erwin, Tenn., Due to Lower Coal Traffic

October 16, 2015

CSX Corp. said Thursday it would reduce train operations in Erwin, Tenn., as the railroad responds to lower coal traffic volumes.

Court Frames Charges Against Ex-Coal Secretary

October 15, 2015

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

October 15, 2015

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.

S. Africas main Coal union accepts wage offer, ends strike

October 14, 2015

The biggest union for South Africa's coal mining industry, accepted Tuesday a wage offer from the country’s main employers, agreeing to end a strike that began over a week ago.

With the threat of Coal exports, Oakland piles more pollution on a polluted community

October 14, 2015

For Margaret Gordon, West Oakland is home. So when she learned that a new shipping terminal would be bringing coal right through the heart of it, Gordon was angry. They’d been promised this wouldn’t happen. She joined the hundreds of residents who showed up at City Council to voice their concerns.

Health concerns over large piles of Coal by-product coke breeze in southwest Detroit

October 13, 2015

Tonight, there are major health concerns over large piles of a product stored in southwest Detroit. Now, the concerns are prompting calls for an investigation by the state.

Morgan Stanley Targeted Over Coal Financing

October 13, 2015

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.

Millions wiped off UK local government pensions due to Coal crash, analysis shows

October 13, 2015

The pension funds of millions of local government workers have lost hundreds of millions of pounds in the last 18 months, as the value of the world’s biggest coal mining companies has crashed, according to a new analysis.

Scrap could wipe out met Coal, iron ore demand growth

October 12, 2015

A study by the World Economic Forum in collaboration with the Boston Consulting Group says mining and metals companies should prepare for fundamental shifts in the industry over the coming decades.

Coal makes way for Gas as Leigh Creek Energy eyes $1b project

October 12, 2015

ASX-listed Leigh Creek Energy is aiming to build a $1 billion project supplying gas to the eastern states using the same large coal deposit which TPG-owned Alinta Energy is about to abandon in northern South Australia.

Coal block auctions for captive use to resume after Diwali

October 12, 2015

The fourth round of auctions of coal blocks for captive use are set to take place in November “soon after Diwali,” a senior government official has told HT.


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