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57 Coal-based Power units identified for upgrade

October 12, 2015

The Central Electricity Authority has identified 57 coal-based power units — belonging to both Central as well State enterprises — with a total capacity of 32,000 MW for being upgraded to become more efficient and reduce emission. The CEA had submitted its report recently.

Australia thermal Coal price at 8-year low

October 09, 2015

Glencore High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. 

Patriot Coal gets court approval for reorganization plan

October 09, 2015

V.A. Oct 8 A U.S. bankruptcy court approved Patriot Coal's restructuring plan at a hearing on Thursday, including the sale of a major part of its mines and coal reserves to privately held Blackhawk Mining of Lexington, Kentucky.

Green panel nod for import of Coal with higher ash

October 09, 2015

Environment ministry's expert panel, EAC, has suggested use of imported coal with higher ash content of up to 25 per cent, as against 12 per cent now, to help domestic thermal power plants use higher grade coal and bring down the cost of generation. 

Lender Group Lambasts Patriot Coal Bankruptcy Plan

October 08, 2015

An unhappy group of Patriot Coal Corp.’s lenders on Wednesday urged a bankruptcy judge to deny the coal miner’s sale and debt-payment plan, arguing that its chapter 11 case was unfairly run for the benefit of key creditor Knighthead Capital Management LLC.

For the first time, a top Coal industry executive faces criminal charges

October 08, 2015

The autocratic, micro-managing, bludgeoning style that won throwback Appalachian coal baron Don Blankenship the ire of environmentalists, the fear of underlings, and the title “Dark Lord of Coal Country” from Rolling Stone may finally have caught up with him.

Coal Problems Being Made Worse by Global Slowdown, Glencore Says

October 08, 2015

The slowdown across global economies is exacerbating a coal glut that’s driven prices for the fuel to the lowest level in eight years, according to Glencore Plc.

U.K. Said to Consider Closing All Coal-Fired Plants by 2023

October 07, 2015

The U.K. is considering whether to close all of its 12 coal-fired power plants by 2023 as part of its effort to reduce the greenhouse gases blamed for global warming, an official with knowledge of the discussions said.

Adani faces further delays over Australian Coal mine permit

October 07, 2015

A giant coal project under development in Australia by India's Adani Enterprises is facing further delays over environmental permitting, Australia's environment minister said on Tuesday.

Coal that built Chinese city now threatens to bury it

October 07, 2015

The descent into the pit was steep, and the car skidded down a bumpy serpentine road. 

Citi promises to cut lending to Coal miners

October 06, 2015

Citigroup has pledged to cut lending to coal mining companies, citing the “tremendous” challenge of tackling climate change.

Environmentalists file lawsuit to stop Coal being shipped through Oakland

October 05, 2015

Environmental groups filed a lawsuit to try to put a wrench in an Oakland developer's plans to ship coal through the city.

Liquefied natural Gas to take place of Oil, Coal?

October 05, 2015

Now may not be the best time to unveil plans to export liquefied natural gas from the U.S. But don't tell Charles "Buddy" Roemer.

Coal threatens Polands image as European role-model

October 01, 2015

Coal mining has taken centre stage in the campaign for this month's parliamentary election in Poland, an outsize political role that threatens the country's hard-won economic growth and reputation in Europe.

Coal Mining CEO Defends Financing Harassment of Climate Scientists

October 01, 2015

In August, The Intercept revealed that Alpha Natural Resources, one of the largest coal mining companies in America, has been secretly financing think tanks and political organizations that deny climate change. One of the people they funded, attorney Chris Horner, is well known for hounding climate scientists across the country.

Duke Energy settles Coal ash pollution case for $7 million

September 30, 2015

Duke Energy agreed Tuesday to pay North Carolina regulators $7 million to settle allegations of groundwater pollution at its coal ash pits and to perform accelerated cleanups costing millions of dollars at four sites.

Rio Tinto Sells Australian Coal Asset for $606 Million

September 30, 2015

Rio Tinto PLC’s sale of a 40% stake in an Australian coal mine marks the latest reshaping of the global coal industry, as big mining companies pare back their exposure to a commodity that has been roiled by slack demand and prices at multiyear lows.

The UK now gets more Power from Renewables than Coal

September 30, 2015

The UK government has released a report on the state of renewable energy generation in the country, announcing that for the first time in the country’s history more power is being generated from renewable energy sources than from coal. These renewable sources include wind, bioenergy, solar, and hydroelectric, and they now collectively produce more than a quarter of the overall energy for Britain. That’s compared to a figure of 20.5% for coal, making renewables the second largest energy source overall, after natural gas. The study is available in pdf format.

China cap-and-trade more bad news for Coal price

September 29, 2015

China burns almost as much coal as the rest of the world combined and is reliant on the fossil fuel for two-thirds of total energy consumption and 80% of its electricity generation.

RPT-After calamitous year for Coal, U.S. Consumers hold key for rails

September 29, 2015

Investors in U.S. railroad stocks, who have been punished in 2015 by an accelerating decline in high-margin coal shipments, now are pinning their long-term hopes on a resurgence in consumer spending.

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