The New South Wales government will be hundreds of millions of dollars a year worse off after the federal carbon tax deal denied compensation to the state's mainly government-owned black coal power generators.
Coal Mining News
The chief executive of state-owned Solid Energy has talked critically of Pike River Coal at the Royal Commission of Inquiry this afternoon.
Australian businesses are reacting to the details of a new carbon tax which has been lauded by environmentalists as historic but condemned as economic madness by critics. Despite the criticism, analysts say Australia lags behind parts of the developed
German imports of hard coal are likely to rise by between 2 and 3 million tonnes over last year's 45 million tonnes, importers said on Monday, citing steel industry demand and needs to replace nuclear power generation. "The increases will be relatively
WELLINGTON, New Zealand - Financial pressures may have led a New Zealand coal mining operation to overextend itself before an explosion killed 29 workers last year, an energy executive testified Monday at an inquiry into the country's worst mine disaster
Peabody Energy has teamed up with ArcelorMittal to offer $5 billion for Australia's Macarthur Coal , the world's biggest producer of pulverised coal, as demand for steel-making raw materials intensifies. The cash offer of A$15.50 a share represents a 40-percent premium to Monday's close and comes just a day after Australia unveiled a plan to tax carbon emissions from the nation's worst polluters, or about 500 companies, including coal miners.
Australia's powerful coal mining industry warned it was being unfairly singled out under the country's new carbon emissions trading scheme, predicting it will lead to job losses and fewer collieries at a time when buyers are paying top dollar for coal.
July 11 (Reuters) - ADA-ES Inc: * Provides update on refined coal activities * Says in their first year of operation, the two new facilities generated about $20 million in revenue * Says over the next nine years, these facilities are expected to generate
Mining company, Sandulula Mining Ltd., is seeking technical and equity funding partners to develop mines in Zambia. Investment opportunity: Mining company, Sandulula Mining Ltd., is seeking technical and equity funding partners to develop mines in Zambia
The Greens say South Australia will benefit from the $10 billion allocated to renewable energy projects as part of the federal government's carbon pricing scheme. But the party has conceded that as the state transitions to a clean energy future, towns that are largely supported by coal mining have a limited future. Image is from Billy Hathorn.
Brown coal has a relativelo low calorific value and a poor environmental reputation. The Coldry treatment process could help change this by converting it to a black coal equivalent. Since the signing of the Participants Agreement in July 2005 which gave
It?s now Carbon Monday and I want to add to my Carbon Sunday comment and to strip away the oceans of verbiage and concentrate on what appear to be four critical business strategic policy issues and assumptions. ? Julia Gillard assumes that China?s
It is reported that at the 5th Coaltrans Russia and CIS conference held in Moscow, Russia annual coal production was discussed by analysts.
U.S. coal consumption was up 4 percent in the past week, Genscape said, as power demand in the North surged over the Fourth of July weekend.� Use of coal for the week ended Thursday fell 4 percent from the same week in 2010, the power industry data
The United States is poised to export the most coal since 1992 this year, filling a gap created when flooding interrupted Australian supplies and buoying shipments for railroads such as Union Pacific and Jacksonville-based CSX.
South Africa's coal exports from the Richards Bay Coal Terminal (RBCT) rose to 4.78 million tonnes in June from 3.57 million the previous month, RBCT data showed. South Africa -- a major exporter of coal to power stations in Europe and Asia -- had 2.99
Calvin Sandborn and Maya Stano raise some valid concerns regarding the current mining boom and suggest that regulatory reform and making more laws will help ("Province failing in inspections and enforcement to protect environment," July 2). Unfortunately, they failed to relate the progressive approaches being taken by the mining industry to achieve environmental protection.
Australia's coalmining axis will shift to the north and west on the back of the Gillard government's carbon tax, according to industry leaders left frustrated by the plan revealed yesterday by Prime Minister Julia Gillard. Despite unveiling a $1.264 billion assistance package for what it believes will be the worst-affected coal mines, the Gillard government was accused by the Australian Coal Association of wrongly anticipating where the tax pain would be felt.
Two workers were rescued on Sunday after being trapped for more than a week deep underground in a southern China mine collapse in which eight people died and 12 were still missing, state media reported.
The Indian Coal Ministry Saturday rejected as unfounded and baseless the allegations in regard to the allocation of coal blocks.
The United States is poised to export the most coal since 1992 this year, filling a gap created when flooding interrupted Australian supplies and buoying shipments for railroads such as Union Pacific and CSX. Union Pacific, the nation’s largest railroad, may double coal exports this year to more than 4 million tonnes, said Doug Glass, the company’s vice president and general manager for energy. CSX predicts shipments may rise 33 percent to a record in 2011 after first-quarter volumes climbed 45 percent.
More details of the carbon tax are trickling out as the Australian Government prepares to take the next step towards imposing its carbon price.
Zambian President Rupiah Banda opened the country's largest coal mine Friday, after Singapore's Nava Bharat took over majority shares and invested $750 million (525 million euros) at the once defunct state entity. Nava Bharat, a Singapore subsidiary of India's Nava Bharat Ventures, has a 65 percent stake in Maamba Collieries, with Zambia's government owning 25 percent through its Zambia Copper Mines Investment Holdings.
Reuters reported that Germany is set to approve funding to develop cleaner coal technology. The market news is quoted as saying: Germany, Europe’s largest economy and a global manufacturing powerhouse, has committed to reducing its carbon footprint by 40 percent in 2020 compared with 1990, with further cuts to come over the following three decades.
Citi analysts note that the coal industry is set to become the country's highest taxed mining sector it would appear, given corporate tax, state mining royalties of up to 10%, an upcoming Mineral Resource Rent Tax (which, incidentally, is to be charged