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voda 13 december 2021 07:22

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Glencore to Close 3 Coal Mines in Australia

Strategic Research Institute
Published on :
13 Dec, 2021, 5:30 am

Argus Media reported that Switzerland-based metal and mining firm Glencore will close three Australian coal mines when they reach the end of their formal mine lives by the end of 2023, with another awaiting approval to extend beyond 2023. The four Australian mines that could reach the end of life by 2023 produced 11.79mn t of coal between them in 2020, down from 13.1 million tonne in 2019 and below a nominal capacity of 15. million tonne, partly due to Glencore's decision to cut Australian coal production in 2020 due to low prices.

5.5 million tonne per year Newlands thermal and coking coal mine in the northern Bowen basin in Queensland next year

4.5 million tonne per year Liddell semi-soft and thermal open pit coal mine

2 million tonne per year Integra underground thermal coal mine in the Hunter Valley region of New South Wales in 2023

3.7 million tonne per year Glendell open pit thermal coal is also scheduled to close in 2023, but its mine life could be extended by 20 years if it is approved. Glencore submitted its plan to the NSW government in January 2020 to expand Glendell to 10 million tonne per year and to extend its lifespan by 20 years to 2044.

voda 13 december 2021 07:28

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Ministry Directs CIL to Produce 1 Billion Tonnes by 2023-24

Strategic Research Institute
Published on :
13 Dec, 2021, 5:30 am

India’s Coal Minister Mr Pralhad Joshi informed Rajya Sabha that Coal India Limited has been directed to achieve 1 billion tonnes production by 2023-24 with a required compound average growth rate of 10.95%.

All India coal production target for 2020-21 was 828.50 million tonnes against which 716.08 million tonnes was produced. During this period, coal production declined by 2% as compared to the corresponding period of the previous year. The decline in coal production is largely due to land acquisition, R&R issues, encroachment issues, delay in Forestry and Environmental Clearances, Evacuation & logistics constraints, Law & Order problems and heavy rainfall witnessed in the coal mining areas in the current year which was around 25% more than the previous year. Further, rains also continued during the month of October. However, the outbreak of pandemic COVID-19 resulted in subdued demand of coal by power and non-power sector which adversely affected coal despatch. Coal production was regulated due to high pithead coal stock, availability of coal stock at power houses end and less offtake.

Coal Production of CIL

2016-17 - 554.14 million tonnes

2017-18 - 567.36 million tonnes

2018-19 - 606.89 million tonnes

2019-20 - 602.13 million tonnes

2020-21 - 596.22 million tonnes

voda 14 december 2021 08:15

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India Produces 68 Million Tonne Coal in November 2021

Strategic Research Institute
Published on :
14 Dec, 2021, 5:30 am

India's coal production increased by 10.35% to 67.84 million tonnes in the month of November 2021 as against coal output stood at 61.47 million tonnes in November 2019. Out of the total production during November, Coal India Ltd (achieved a growth of 7.60% by producing 53.80 million tonnes. Singareni Collieries Ltd posted a growth of 3.09% by producing 5.61 million tonnes and captive blocks registered a growth of 39.68% at 8.43 million tonnes of coal.

Total coal production up to November this fiscal stood at 353.40 million tonnes compared to 334.47 million tonnes during the previous year and 330.23 million tonnes during the financial year 2020.

voda 14 december 2021 08:19

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NSW Approves South32 Dendrobium Coal Mine Extension

Strategic Research Institute
Published on :
14 Dec, 2021, 5:30 am

A proposal to extend South32’s Dendrobium coal mine in Port Kembla in New South Wales has been declared State Significant Infrastructure given its importance to Port Kembla steelworks. The proposed expansion of the underground Dendrobium mine would maintain the current approved capacity of the mine at 5.2 million tonne per year but extend the mine life to 2036, with current reserves set to be depleted by 2024. NSW Deputy Premier Mr Paul Toole said the decision recognises the proposal’s potential economic benefits, with the mine already contributing AUD 1.9 billion to the state’s economy each year, employing 4500 workers and supporting another 10,000 jobs across the Illawarra.

Dendrobium is a critical source of coking coal for the Port Kembla steelworks at Wollongong, which is operated by Australian steelmaker BlueScope. Dendrobium also supplies coking coal to the Liberty Primary Steel Whyalla steelworks in South Australia and exports coking coal through the Port Kembla coal terminal.

voda 15 december 2021 08:12

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IIM Calcutta to Train CIL Executives on Contract Management

Strategic Research Institute
Published on :
15 Dec, 2021, 5:30 am

Coal India Limited has signed a MoU with the Indian Institute of Management, Calcutta for training senior executives of CIL in a week-long residential program on Contract Management. Given that IIM Calcutta is one of only three triple-accredited business schools, collaboration between Coal India Limited will give the major exposure for better training to the senior executives of CIL.

Being the largest coal producer in the world, the government-owned coal mining and refining corporation Coal India Limited, brings future- oriented opportunities with the collaboration.

voda 16 december 2021 11:28

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BTL EPC to Set Up NTPC Coal Handling Plant

Strategic Research Institute
Published on :
16 Dec, 2021, 5:30 am

BTL EPC Ltd has secured INR 317 crore order from NTPC for setting up of a coal handling plant for the Pakri Barwadih coal mining project. The project site is located at Pakri in Hazaribag district, approximately 130 kms from Ranchi. The order entails installation of conveyors of an approximate total length of 2.2 kms and an over-ground bunker. The scope includes design, engineering, supply of mechanical, electrical, civil and structural work for the above. The project completion time is less than two years.

BTL EPC is a diversified engineering, procurement, and construction contracting company, offering one-stop solutions from concept to commissioning in bulk material handling in metal, coal, mineral beneficiation and chemical sectors, among others.

voda 17 december 2021 08:55

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North Macedonia to Buy 3 Million Tonnes Coal from Kosovo

Strategic Research Institute
Published on :
17 Dec, 2021, 5:30 am

Reuters reported that North Macedonia plans to buy 3 million tonnes of lignite from Kosovo to feed its coal-fired plants as a lack of domestic production and soaring energy prices in Europe leave it facing an energy crisis. North Macedonian economy minister Mr Kreshnik Bekteshi said “Today we have stated negotiations to import coal from the Republic of Kosovo.”

In an interview with Skopje-based television Alsat, Mr Bekteshi said the government plans to buy 3 million tonnes of lignite from Kosovo in the next three years.

The government in Skopje declared a state of energy crisis on November 9 as it faced a lack of domestic electricity production, dry seasons which failed to feed its hydro plants and price hikes across Europe. The state of emergency has been extended until June next year, while authorities are increasing household electricity prices by 10 percent from next month.

voda 20 december 2021 08:24

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Chinese Coal Output Surges to Record in November 2021

Strategic Research Institute
Published on :
20 Dec, 2021, 5:31 am

China's coal output hit a record high in November as Beijing urged miners to ramp up production to ensure sufficient energy supplies in the winter heating season. National Bureau of Statistics data showed that China produced 370.84 million tonnes of coal in November 2021 as compared to a previous record of 357.09 million tonnes set in October and was up 4.6% from the same period last year.

The central government has repeatedly stressed the need to ensure supplies of energy, including coal and natural gas, for heating and power generation over the winter period.

Bijlage:

voda 20 december 2021 08:30

0

India Launches Fourth Tranche of Coal Mine Auctioning

Strategic Research Institute
Published on :
20 Dec, 2021, 5:30 am

India’s Union Minister of Coal, Mines and Parliamentary Mr Affairs Pralhad Joshi has launched the fourth tranche of the auction of 99 coal mines including 24 new mines. During launching the latest tranche, the Minister called upon the investors who have already completed successful bidding of coal mines to start production at the earliest for greater self-reliance in this sector. Minister Joshi also urged the officials to identify more coal blocks for auction. Joshi further pointed out that at least for the next 30 to 40 years coal will continue to be crucial in India’s energy sector.

After successful auction of 28 coal mines in the first two tranches and upon receipt of 53 bids for 20 coal mines under Tranche 13 of CM(SP) Act and Tranche 3 of MMDR Act, Ministry of Coal has now launched the auction process of 24 new coal mines (9 new mines under Tranche 14 of CM (SP) Act and 15 new mines under the Tranche 4 of MMDR Act). With coal mines rolling over from third round of commercial auctions and 2nd attempt of second tranche of commercial auctions, there shall be a total of 99 coal mines on offer.

Of these 99 mines on offer, 59 are fully explored mines and 40 are partially explored. These mines are spread across eight coal bearing states of Jharkhand, Chhattisgarh, Odisha, Madhya Pradesh, Maharashtra, West Bengal, Andhra Pradesh and Telangana.

SBI Capital Markets Limited, sole Transaction Advisor to Ministry of Coal for the commercial coal mine auction, had devised the methodology and is assisting the Ministry of Coal in conduct of the auction.

A total of 53 bids have been received for 20 coal mines of which 16 are fully explored mines and 4 are partially explored mines.2 of these mines are coking coal mines and the remaining 18 mines are non-coking coal mines. Two or more bids have been received for 10 coal mines. Mine-wise list of bids received are

Ashok Karkatta Central-1

Bankhui-3

Barra1

Basantpur-1

Bijahan-5

Brinda &Sasai-2

Garampani-4

Jaganathpur A-1

Kasta (East)-1

Koilajan-3

Koyagudem Block-III-1

Maiki North-1

Majra-3

MarkiBarka-1

Meenakshi-4

NamchikNamphuk-12

Parbatpur Central-1

Thesgora-B/ Rudrapuri-1

Utkal C-7

Total Bids= 53

Bijlage:

voda 21 december 2021 08:09

0

China Steps Up Crack Down on Illegal Coal Mining

Strategic Research Institute
Published on :
21 Dec, 2021, 5:30 am

Chinese Work Safety Committee of the State Council and the Ministry of Emergency Management last week launched a nationwide campaign to crack down on illegal mining. The high demand for coal has shored up prices, prompting the resurgence of illegal coal mining

Coal-producing provinces should comprehensively and thoroughly investigate illegal activities, including unauthorized mining and excessive production beyond the approved capacity. Those involved in unauthorized mining should be investigated for criminal responsibility in accordance with law.

Bijlage:

voda 22 december 2021 06:49

0

Vale to Sell Moatize Coal Mine & Nacala Logistics to JSPL’s Vulcan

Strategic Research Institute
Published on :
22 Dec, 2021, 4:42 am

Brazilian mining giant Vale has entered into a binding agreement with Vulcan to sell the Moatize coal mine and the Nacala Logistics Corridor in Mozambique for total proceeds of USD 270 million, comprised of USD 80 million at Closing and USD 190 million from the existing business until Closing; plus a 10-year Royalty Agreement subject to certain mine production and coal price conditions. Vulcan is a private company and part of Jindal Steel & Power Limited. JSPL has rich experience working in Mozambique with its Chirodzi mine operations, located in the Tete Basin in Mozambique, an open cast mine operating at 5 million tonne per annum in FY21.

The Closing of the transaction is subject to the satisfaction of customary conditions precedent, including the approval of the Ministry of Mineral Resources and Energy of Mozambique pursuant to the Mining Law No. 20/2014, and the approval of the Government of Mozambique pursuant to the Concession Agreements for the change of control and antitrust.

In early 2021, Vale announced its objective to no longer own coal assets, focusing on its core businesses and on its ambition to become a leader in low-carbon mining. Over the past 15 years, Vale has worked in partnership with Mozambique and Malawi governments in the implementation of the Moatize mine and NLC’s 912-km railway for coal transportation, in addition to the revamp of general cargo operations and passengers transportation. These investments represent a relevant legacy to the countries and are an important driver for local development. While conducting a responsible search process for an investor in the coal business, Vale continued to support the project's ramp-up and its commitments to society and stakeholders.

Bijlage:

voda 22 december 2021 06:55

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Rio Tinto Appoints Ms Angela Bigg as Diavik Diamond Mine President

Strategic Research Institute
Published on :
22 Dec, 2021, 5:31 am

Rio Tinto has appointed Ms Angela Bigg president and chief operating officer of the Diavik Diamond Mine. Ms Angela, previously general manager, Operations at Diavik, will be the first female to lead the mine and its 1,100 employees.

Ms Angela joined the Diavik team in November of 2017 as vice president, Finance. She began her career with Rio Tinto in 2005 and has worked in Mozambique, South Africa and Australia, where she is from. She succeeds Richard Storrie, who has decided to leave the company to pursue other opportunities.

Bijlage:

voda 22 december 2021 06:55

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HSBC to Phase Out Thermal Coal Financing by 2030

Strategic Research Institute
Published on :
22 Dec, 2021, 5:30 am

HSBC Holdings has announced a detailed policy to phase out the financing of coal-fired power and thermal coal mining by 2030 in EU and OECD markets, and worldwide by 2040. The policy will see HSBC phasing out finance to clients whose transition plans are not compatible with HSBC’s net zero by 2050 target. The bank will work with impacted clients and will expect them to formulate and publish transition plans by the end of 2024 that are compatible with HSBC’s net zero by 2050 target.

HSBC will decline to provide new financing, including refinancing, and advisory services to any client that, in the view of the bank, fails to engage sufficiently on its transition plan, or where plans are not compatible with HSBC’s net zero by 2050 target. In addition, HSBC will seek to withdraw any financing or advisory services with any client that makes a commitment to, or proceeds with, thermal coal expansion after 1 January 2021.

It builds on current HSBC policy that prohibits finance for new coal-fired power plants and new thermal coal mines; broadening the approach to drive the phase-out of existing thermal coal. The thermal coal phase-out policy will be reviewed annually and forms a key part of executing the bank’s October 2020 ambition to align its financed emissions, the greenhouse gas emissions of its portfolio of clients, to net zero by 2050 or sooner.

voda 23 december 2021 08:31

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Ukraine Imports Thermal Coal from Australia, US & Colombia

Strategic Research Institute
Published on :
23 Dec, 2021, 2:43 am

Panamax-class dry-bulk vessel Kyoto Star carrying 82,500 tonnes of Australian coal was moored in the Odesa-based port of Yuzhny. This is the third ship with imported coal for PJSC Centrenergo.

Two ships with 131,000 tonnes of coal from the United States and Colombia arrived in Ukraine on December 16. Prior to that, on December 5 and November 20, three ships with coal arrived in Ukrainian ports. Fuel is imported by DTEK Holding and PJSC Centrenergo.

Bijlage:

voda 24 december 2021 07:16

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World Bank Wants Indonesia to Cut Coal Subsidies

Strategic Research Institute
Published on :
24 Dec, 2021, 4:24 am

Reuters reported that the World Bank has urged Indonesia to drop a policy forcing miners to supply a set amount of subsidised coal to its state power company, which it said has encouraged the use of the dirty fuel in electricity generation. The recommendation is part of a report intended to encourage more private investment in renewable energy in Indonesia to help the country achieve a target of becoming carbon neutral by 2060 or sooner. The Southeast Asian country is the biggest exporter of thermal coal globally and among the top ten green house gas emitters. Indonesia has a Domestic Market Obligation policy whereby coal miners must supply 25% of annual production to state utility Perusahaan Listrik Negara, at a maximum price of USD 70 per tonne, well below current market prices.

World Bank said "It incentivises more consumption of carbon, which sends distorted price signals, which discourages transition away to cleaner sources of energy.”

The bank also recommended changing rules on minimum local content requirements for energy projects because this had increased project costs and impeded competition. For solar panels, Indonesia has a 40% minimum local content requirement which is expected to be raised further in the future.

Under World Bank simulations, more private investment would ensure the energy transition had a greater impact on economic growth and job creation.

Bijlage:

voda 27 december 2021 07:26

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Coal Power Rebound In 2021 Threatening Net Zero Goals

Strategic Research Institute
Published on :
27 Dec, 2021, 5:30 am

International Energy Agency in its latest annual market report said that the amount of electricity generated worldwide from coal is surging towards a new annual record in 2021, undermining efforts to reduce greenhouse gas emissions and potentially putting global coal demand on course for an all-time high next year. After falling in 2019 and 2020, global power generation from coal is expected to jump by 9% in 2021 to an all-time high of 10,350 terawatt-hours. The rebound is being driven by this year’s rapid economic recovery, which has pushed up electricity demand much faster than low-carbon supplies can keep up. The steep rise in natural gas prices has also increased demand for coal power by making it more cost-competitive.

Overall coal demand worldwide, including uses beyond power generation, such as cement and steel production, is forecast to grow by 6% in 2021. That increase will not take it above the record levels it reached in 2013 and 2014. But, depending on weather patterns and economic growth, overall coal demand could reach new all-time highs as soon as 2022 and remain at that level for the following two years, underscoring the need for fast and strong policy action.

In China, where more than half of global coal-fired electricity generation takes place, coal power is expected to grow by 9% in 2021 despite a deceleration at the end of the year. In India, it is forecast to grow by 12%. This would set new all-time highs in both countries, even as they roll out impressive amounts of solar and wind capacity. While coal power generation is set to increase by almost 20% this year in the United States and the European Union, that is not enough to take it above 2019 levels. Coal use in those two markets is expected to go back into decline next year amid slow electricity demand growth and rapid expansion of renewable power.

In 2020, global coal demand fell by 4.4%, the largest decline in decades but much smaller than the annual drop that was initially expected at the height of the lockdowns early in the pandemic, the report shows. Regional disparities were large. Coal demand grew by 1% for the full year in China, where the economy began recovering much earlier than elsewhere, whereas it dropped by nearly 20% in the United States and the European Union, and by 8% in India and South Africa.

voda 28 december 2021 08:17

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Metinvest Pokrovskugol to Manage Ukrainian Coal Assets

Strategic Research Institute
Published on :
28 Dec, 2021, 5:30 am

On December 1, Metinvest Pokrovskugol was established as part of the Metinvest Group, which will manage operational and administrative changes at the enterprises of the Pokrovsk coal group. The new company will coordinate all divisions of coal production and will consolidate the non-production services of the enterprises of the Pokrovsk coal group , including the Pokrovskoe mine administration and the Svyato-Varvarinskaya concentrating plant. More than 400 employees of these enterprises have already been transferred to the company. The creation of Metinvest Pokrovskugol will eliminate the duplication of administrative functions and centrally manage finances, procurement, personnel, transport, security, continuous improvement and information technology.

Andrey Akulich became the General Director of Metinvest Pokrovskugol. Prior to his appointment, he served as Deputy General Director for Integration at Donetskstal. Andrey Akulich began his career in Metinvest Group in 2002 at the Azovstal plant, then worked in the management company, as well as at the Zaporizhstal plant.

In September 2021, in the structure of the management company of Metinvest Group, the Coal Directorate was created, which, in addition to the enterprises of the Pokrovsk Coal Group, also includes the American coal mining company United Coal Company. Konstantin Ivanovich Vyaly was appointed director of the Coal Directorate.

In March 2021, Metinvest Group obtained control over the Pokrovsk Coal Group, the largest producer of high-quality coking coal in Ukraine. The key enterprises of the Pokrovskaya coal group are the Pokrovskoye mine administration and the Svyato-Varvarinskaya concentrating plant. By consolidating the acquired assets, Metinvest Group met its needs for coking coal for pig iron production.

Mine Administration "Pokrovskoe" is one of the largest enterprises in Ukraine and Eastern Europe for the extraction of coking coal. Its resource base is over 200 million tons.

Svyato-Varvara Concentrating Plant is a premium-class producer of coal concentrate in Ukraine. The production capacity of the enterprise is about 8 million tons of raw coking coal per year, with the possibility of enriching five different classes of coal.

voda 28 december 2021 17:24

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China neemt eerste deel van grootste kolencentrale in aanbouw in gebruik
NU.nl/Reuters 4 uur geleden
© Aangeboden door NU.nl

In China is eerder op dinsdag het eerste deel van de Shanghaimiao-kolencentrale in gebruik genomen. De elektriciteitscentrale is met een gepland vermogen van 4 GW de grootste in aanbouw zijnde kolencentrale van het land.

Shanghaimiao-kolencentrale is een van de vele die op dit moment in China gebouwd worden. De komende vier jaar komt er volgens Chinese onderzoekers naar verwachting nog 150 GW aan elektriciteitsproductie uit steenkool bij. Dat staat gelijk aan bijna honderd Eemshavencentrales. Die kolencentrale is de grootste van Nederland.

Volgens het Internationale Energieagentschap (IEA) valt de Chinese elektriciteitsproductie uit steenkool dit jaar 9 procent hoger uit dan in 2020. De Chinese autoriteiten hebben weliswaar toegezegd het gebruik van steenkool te zullen afbouwen, maar de afbouw zal pas na 2025 op gang komen.

De eigenaar van Shanghaimiao, Guodian Power Shanghaimiao Corporation, zegt dat de centrale een van de efficiëntste ter wereld is.

voda 29 december 2021 07:24

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SCCL Aiming at 100 Million Tonnes Coal Production by 2025

Strategic Research Institute
Published on :
29 Dec, 2021, 5:30 am

Singareni Day was celebrated across the coal mines area in Telangana and the corporate office of Singareni Collieries Company Ltd last week. Chairman and Managing Director of the Company said the survival of the company for one more century would depend on the combined efforts of workers, officials and union leaders and by facing challenges together and with the cooperation of State and Central governments. The company is aiming to achieve annual production target of 100 million tonnes by 2025 with a contribution of 10 million tonnes a year from Naini block in Odisha from the next financial year, Mr. Sridhar said adding that several public sector undertakings were started and several were closed due to losses during the last 100 years in the country but SCCL is going up step by step.

Stating that the company is poised to make record profits this (2021-22) year, the CMD said they are going ahead towards the target of achieving 68 million tonnes production and 400 million cubic meters of overburden removal.

The company would add 10 million tonnes production from Naini from the next fiscal and in the next few years it would go up to 30 million tonnes year along with the production in New Patrapada block allotted to the company.

voda 30 december 2021 06:47

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Coal Ministry Stepping up Washed Coking Coal Supplies 5 Fold

Strategic Research Institute
Published on :
30 Dec, 2021, 5:23 am

India's Coal Ministry in a release mentioning developments in 2021, highlighted government plans to increase the supply of washed coking coal to the Steel sector from 3 million tonnes to 15 million tonnes. For this, two coking coal washeries have already been commissioned, three coking coal washeries are under construction, in two cases Letter of Intent have been issued and in one case the tender is under evaluation.

Out of a total of nine coking coal washeries:

Two coking coal washeries constructed and operational

Four under construction (3 Coking & 1 Non-coking)

LoI & WO issued for two washeries

One tendered and bid opened & price bid under evaluation

Three more coking coal washeries in the 2nd Phase

For Non-coking coal washeries, one non-coking coal Washery is under construction and in two cases of non-coking coal washeries, LoI has been issued.

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