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Coals malaise reflected in US Coal mines hitting decade low

September 28, 2015

The number of new and reactivated coal mines that began production in 2013 fell to the lowest level in at least the past 10 years. The addition of 103 mines in 2013 came as 271 mines were idled or closed, resulting in a 14% decline in the total number of producing coal mines from 2012 to 2013. The 2013 total was 397 fewer coal mines than in 2008, when coal production was at its highest. Although preliminary 2014 data on coal production from the Mine Safety and Health Administration indicate a slight increase both in production and in new and reactivated mines for 2014, these levels will still be below previous levels.

Renewables overtake Coal in the UK energy mix for the first time

September 28, 2015

Thanks to an increase in solar panels and wind turbines, as well as a particularly sunny and windy quarter, renewable energy has supplied a record 25 percent of the UK’s energy mix in Q2 2015, leapfrogging coal for the first time to come into second place behind gas fired electricity. It’s nearly a 10 percent increase on the same period last year.

Non-regulated Power players oppose e-auction of Coal linkages

September 23, 2015

Players from the non-regulated sectors including cement, iron and steel, sponge iron, aluminium and fertiilisers have objected to the Centre's move to introduce auction for coal linkages.

Coal futures drop to $50/T first time since 2003 as Goldman calls peak

September 23, 2015

Coal futures are trading at $50 a tonne for the first time since 2003 as the commodity downturn deepens, and U.S. investment bank Goldman Sachs says the resource will never gain enough traction again to lift it out of its slump.

Coal Industry Seeks Equal Support for Cleaner Coal vs Renewables

September 22, 2015

The World Coal Association (WCA) plans to press governments to provide equal backing for technology to make coal-fired power plants less polluting as they do for renewable energy in upcoming U.N. climate talks in Paris, its chief executive said.

Mines in Americas Coal Country Just Sold for a Total of Nothing

September 22, 2015

For a reality check on America’s coal industry, consider how much a collection of Appalachian pits just sold for: nothing.

Greenpeace on Renewables: phase out Coal, Oil, Gas and nuclear energy by 2050

September 21, 2015

There are no major economic or technical barriers to achieving 100 per cent renewable energy around the world by 2050, a Greenpeace report says.

Mining debate caught between anti-Coal and climate denial – BHP coal boss

September 21, 2015

The head of coal within BHP Billiton says anti-coal activists are winning over public opinion, making it arguably the industry’s biggest problem.

As Coal Prices Slump, New Hope Mulls New Ventures

September 21, 2015

Tumbling commodity prices are prompting many global miners to spread their bets. However, few companies are going as far as New Hope Corp.—one of Australia’s largest-listed coal miners—in considering moves into cattle breeding and property development.

The Enormous Social Cost of Cheap Coal

September 18, 2015

On Wednesday, a global research team reported in the top-tier scientific journal Nature that air pollution prematurely kills about 3.3 million people a year around the world. In the U.S., the annual toll approaches 55,000 deaths—with power plant emissions the leading contributor. And by 2050, in the absence of any major changes, those mortality figures are expected to double.

BHP Billiton Sees Rocky Outlook for Coal

September 18, 2015

The head of BHP Billiton Ltd.’s coal business painted a bleak picture for the coal-mining sector, saying depressed prices will likely continue to plague the industry for some time to come.

US and Australian taxpayers pay billions a year to fund Coal – report

September 17, 2015

Coal subsidies are costing US and Australian taxpayers billions of dollars a year, according to a new report.

Assess Coal needs of end users before auctions

September 17, 2015

An inter-ministerial committee (IMC) constituted for the proposed auction of coal linkages has told the coal ministry that it is necessary to ascertain the quantum of coal consumed by various end-use sectors before bidding out the fuel to them. 

Exclusive: Chinese Coal data cast doubt on historic stalling of world CO2

September 16, 2015

When the International Energy Agency reported in March that global carbon emissions had stayed flat in 2014, even as the world economy grew, the news was hailed as a turning point in the struggle to curb climate change.

Edelman ends work with Coal producers and climate change deniers

September 16, 2015

The world’s biggest public relations company has decided it will no longer work with coal producers and climate change deniers.

US Coal industry’s cost cuts not enough to offset weak prices

September 15, 2015

The U.S coal industry has had a rough time in recent years. Between late 2010 and the end of 2014, the top ten publicly-traded coal companies saw their combined share price value drop by more than half, as hundreds of plants closed and thousands of employees were laid off.

Coal scam: Probe against CBI ex-chief to start as SC okays panel

September 15, 2015

The Supreme Court on Monday gave shape to a high-level team to probe whether former CBI director Ranjit Sinha's alleged meetings with certain coal block allocation scam accused at his official residence last year led to dilution of charge-sheets against them. 

Court clears Duke Energy plan to clean more Coal-ash pits

September 15, 2015

A judge on Monday rejected a bid by North Carolina's environment agency to block Duke Energy, the country’s largest energy company, from removing toxic coal ash from more plants than required under a new state law.

Big Coal is down but far from out

September 14, 2015

If you think the war on coal hasn’t had any effect on the industry you haven’t been keeping up on the news, but the net result probably has a lot more to do with profits than punditry. Nearly four out of every ten mines that were being worked ten years ago are now idle or simply closed. Total production is down, but not nearly by the same proportions. (Yields for all American mines for the first half of this year are down 8% compared to the same period in 2014.) So does this mean that the anti-carbon green energy forces are winning? As this study from a decidedly left leaning source concludes… it’s complicated. (Slate).

China August Coal output down 2.6% at 309 million tonnes

September 14, 2015

China produced 309 million tonnes of coal in August, down 2.6 per cent from last year, with demand weaker than expected and producers scaling back operations in order to minimise losses, the statistics agency said on Sunday. 
 


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