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Coal News Digest
Saturday 21 October 2017
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North Korea’s biggest trading partner imported 1.64 million tonnes of coal in August

Lawsuit against ex-CEO Tom Albanese, CFO Guy Elliott centers on $3.7 billion acquisition of Mozambique coal assets in 2011 later sold for just $50m.

Part of a coal mine in Turkey's southeastern province of Sirnak has collapsed, leaving eight workers trapped inside.

The CLEER (Clean, Low-energy, Effective, Engaged and Remediated) project focuses on water use, energy intensity and environmental footprint, with aggressive targets of a 50% reduction in each area by 2027.

Ongoing concerns that looming steel production cuts in China on environmental grounds will sap steel mill demand continue to weigh on prices.

Sherritt pleaded guilty in the Provincial Court of Alberta to three counts of contravening the Fisheries Act.

The Queensland Government is getting behind a pilot program that, together with an industry group, is hoping to bring thousands of mining equipment and services positions to the Bowen Basin within the next decade.

Of all the new coal generation expected to go online over the next decade, Chinese companies will build nearly half of it.

Australians opposed to the Adani Group's Carmichael coal mine in the Galilee Basin of Queensland expressed their displeasure at the project on Saturday.

Consensus forecasts point to double digit declines for the platinum, zinc, copper and lead price by the end of the year, while coal is set to tank.

Britain's remaining coal-fired power plants could enjoy an 11th-hour revival in the early 2020s despite the Government’s drive to cut carbon emissions, if ministers choose not to risk raising household energy prices.

Sale is part of Rio’s planned exit from Australian coal to focus on iron ore, copper and aluminum.

Shanxi Coking will trim around 900,000 tonnes of coke and 360,000 tonnes of chemicals from production during the coming winter months.

These encouragements by China’s state planner aim to secure enough supplies for this winter as coal power plants ramp up inventory for peak demand season.

As Beijing seeks to boost use of more renewable energy and cut coal dependence, NEA recommends that more small-scale wind projects be built closer to users.

Representatives from Elliott have in the last month met with major BHP investors based in London, South Africa and Australia to lay out the activist fund's arguments for an overhaul of the miner.

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