Sunday , September 22 2019
Breaking News
Home / Tag Archives: coal

Tag Archives: coal

Greenpeace plans bid for Vattenfall’s German coal business

coal import

BERLIN: Environmental group Greenpeace is exploring funding options to buy Vattenfall’s lignite business in eastern Germany in a bid to scale back the operations put up for sale by the Swedish state-owned energy giant. On its website, Greenpeace Sweden released a letter to US bank Citigroup on Tuesday stating the environmental group’s interest in buying Vattenfall’s lignite operations in eastern ... Read More »

HWANGE Colliery Company coal, coke sales fall 10 % in H1

hwange

HARARE: HWANGE Colliery Company said Wednesday its first-half coal and coke sales fell 10 percent after a slide in production, widening its loss, but aimed to sell more in regional markets during the remainder of the year. Hwange, in which the government is the biggest shareholder with 37 percent shares, is the nation’s second largest coal producer and supplies coke ... Read More »

Poland’s coal-mining region to get government’s support

coal mining

WARSAW: The Polish government held its weekly sitting in the southern city of Katowice, Lower Silesia on Tuesday during which it adopted its “Slask 2.0” development program for the coal-mining region of Silesia aimed at supporting energy-intensive industry and preventing structural unemployment. The plan, worth about PLN 25 billion zlotys to be financed from the EU as well as state ... Read More »

Norway parliament to ban pension fund from coal investment

coal

OSLO: The Norwegian parliament is set to vote to ban its pension fund from investing in coal companies, a decision which will lead to the largest politically motivated withdrawal of funds from the fossil fuels sector. The fund will be forbidden to invest in “mining companies and power producers for whom a significant part of their business relates to coal ... Read More »

Norway parliament to ban pension fund from coal investment

coal

OSLO: The Norwegian parliament is set to vote to ban its pension fund from investing in coal companies, a decision which will lead to the largest politically motivated withdrawal of funds from the fossil fuels sector. The fund will be forbidden to invest in “mining companies and power producers for whom a significant part of their business relates to coal ... Read More »

Polish coal miners suffer loss of PLN 800.6m in 1st four months of 2015

coal miners

WARSAW: Polish coal miners posted an aggregate net loss of PLN 800.6 million in the first four months of 2015, worse than the PLN 452.4 million net loss in the prior-year period, industry restructuring agency ARP said citing preliminary data. Gross result on sales also deteriorated: coal miners posted a PLN 773.5 million loss from PLN 567.1 million losses in ... Read More »

Finland’s hard coal consumption declines by 17% in Q1 of 2015

coal s

HELSINKI: Consumption of hard coal, 1,000 tones. Source: Consumption of hard coal, Statistics Finland. Consumption of hard coal decreased by 17 per cent in the January to March period compared with the corresponding period of last year, according to Statistics Finland’s preliminary data. Consumption as a fuel in the generation of electricity and heat amounted to 1.1 million tonnes, corresponding ... Read More »

Poland’s Coal Company JSW to reduce employment for reducing 80% mining cost

coal

WARSAW: Coal extraction company Jastrzębska Spółka Węglowa (JSW) requires several hundred million savings. The company will reduce the number of employees and is aiming reduction of mining costs to USD 80 per ton within two years. While mining efficiency is to improve to 900-1000 tons per employee, said Edward Szlęk, the CEO of the company. Read More »

EU regulators take Germany to court of justice over Hamburg coal plant

coal

BERLIN: EU regulators have referred Germany to the EU Court of Justice over a failure to look into alternative cooling processes at a coal-fired plant in Hamburg, operated by Vattenfall [VATN.UL], in order to protect wildlife, the European Commission said. The first of two blocks at the Moorburg power station on the river Elbe started up commercial power production earlier ... Read More »

EU regulators take Germany to court of justice over Hamburg coal plant

coal-fired power plant

BERLIN: EU regulators have referred Germany to the EU Court of Justice over a failure to look into alternative cooling processes at a coal-fired plant in Hamburg, operated by Vattenfall [VATN.UL], in order to protect wildlife, the European Commission said. The first of two blocks at the Moorburg power station on the river Elbe started up commercial power production earlier ... Read More »

US coal exports through Canada’s Ridley Terminals fall 39.3%

coal

COLUMBOUS:  Coal exports via Canada’s Ridley Terminals in British Columbia totaled 408,620 mt in March, up 41.5% from February but down 39.3% compared with the year-ago period, according to figures released this week by the Prince Rupert Port Authority. Neither the terminal nor the port authority comment on the monthly figures, but exports have declined due to low seaborne pricing ... Read More »

Australia to grab Indonesia to reclaim title as world’s biggest coal exporter by 2017

coal-fired power plant

TOKYO: Australia’s coal producers are looking to other markets after falling Chinese demand. Australia will grab Indonesia to reclaim its title as the world’s biggest coal exporter by 2017, according to government forecasts. In the meantime though, the industry is expected to see tough times as it adjusts to China’s slowdown and a supply overhang from the boom, along with ... Read More »

Norway sovereign fund drops 32 coal mining firms from its portfolio in 2014

coal--621x414

OSLO: One of the biggest sovereign wealth funds in the world has started moving away from coal, dropping 32 coal mining companies from its portfolio in 2014. Of these, 13 are in India. Norway’s Government Pension Fund Global (GPFG) has dropped its investments in these companies citing higher risks. As part of our focus on climate change, we have looked ... Read More »

Norway sovereign fund drops 32 coal mining firms from its portfolio in 2014

coal-fired power plant

OSLO: One of the biggest sovereign wealth funds in the world has started moving away from coal, dropping 32 coal mining companies from its portfolio in 2014. Of these, 13 are in India. Norway’s Government Pension Fund Global (GPFG) has dropped its investments in these companies citing higher risks. As part of our focus on climate change, we have looked ... Read More »

Sold 18m tons of coal in 2014: Indonesia’s Bukit Asam eyes 30% increase in sales

china_coal_renewables

JAKARTA: State-run coal miner PT Bukit Asam (PTBA) is optimistic it can grow its sales volume to 33 percent this year supported by better rail transportation and seaports, the construction of which is slated to finish this year. “We plan to increase our sales volume to hit 24 million tons this year under an assumption that the Tanjung Enim-Prabumulih double-track ... Read More »

Sold 18m tons of coal in 2014: Indonesia’s Bukit Asam eyes 30% increase in sales

china_coal_renewables

JAKARTA: State-run coal miner PT Bukit Asam (PTBA) is optimistic it can grow its sales volume to 33 percent this year supported by better rail transportation and seaports, the construction of which is slated to finish this year. “We plan to increase our sales volume to hit 24 million tons this year under an assumption that the Tanjung Enim-Prabumulih double-track ... Read More »

Australian exports of iron, coal plunge 45% due to less China imports

iron

CANBERRA: China is importing less from Australia. Its global imports have declined by 20 per cent over the first two months of the year. The value of Australian exports to China plunged 29 per cent over the first two months of the year, partly because of falling prices for coal and iron ore. China’s Customs Bureau said on Sunday the ... Read More »

Norwegian fund dumps investments in Australian coal companies

coal

OSLO: World’s richest sovereign wealth fund has rid itself of investments in Australian coal companies, highlighting the environmental impact of the production of the commodity. Norges Bank, manager of the $US850 billion Norwegian Government Pension Fund, has outlined the divestment of its interests in 14 coal miners around the world in 2014. Five Australian companies among them included Whitehaven Coal, ... Read More »

Norwegian fund dumps investments in Australian coal companies

coal

OSLO: World’s richest sovereign wealth fund has rid itself of investments in Australian coal companies, highlighting the environmental impact of the production of the commodity. Norges Bank, manager of the $US850 billion Norwegian Government Pension Fund, has outlined the divestment of its interests in 14 coal miners around the world in 2014. Five Australian companies among them included Whitehaven Coal, ... Read More »

Indian coal demand growth overtakes China with import of further 2 million tonnes

Coal stacker pours coal into piles ready for export in Newcastle

NEW DELHI: India will drive growth in the global seaborne metallurgical (met) coal during 2015, importing a further 2 million tonnes (Mt). This comes at a time when we expect a retreat of around 4-5 Mt in Chinese imports, due to its slowing steel sector, lower coke prices and continued uncertainty regarding trace element standards being enforced on met coal. ... Read More »