Category: Coal

First US coal plant in years opens where no options exist

One way to boost coal in the US: Find a spot near a mine with no access to oil or natural gas pipelines, where it’s not particularly windy and it’s dark much of the year. That’s how the first coal-fired...

/ February 12, 2019

Greece's Public Power seeks higher price from two bidders for coal plants

* Two binding bids in coal plants sale * One bid from Greece’s GEK Terna, Czech Seven Energy, sources say * Second bid by Greek industrial group Mytilineos -sources * PPC seeks higher price, board to meet this week to...

/ February 7, 2019

Africa Mining Indaba: 'Let's talk,' Ramaphosa tells producers

Executives, investors and government officials meet in Cape Town this week at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries. The gold sector is a hot topic this year, after two giant deals...

/ February 6, 2019

Michigan gas outage seen boosting Trump bid to save coal plants

A natural gas supply disruption forcing Michigan residents to lower thermostats and automakers to suspend operations could bolster President Donald Trump’s effort to keep coal plants operating possibly by invoking national security powers. The episode began Wednesday when a fire...

/ February 2, 2019

In Germany's plan to phase out coal, a big polluter will benefit

A proposal to stop Germany from using coal for power generation within two decades may leave an unexpected beneficiary: The company that burns the most of the fuel. While RWE AG was quick to say it’s “too soon” to shed...

/ January 28, 2019

Colombia extends Drummond contract on coal mine for 20 years

Colombia has extended coal miner Drummond’s license to operate its La Loma mine for an additional 20 years, the national mining agency said on Thursday. The contract at the mine, located in northeastern Cesar province, will generate at least $586...

/ January 26, 2019

Workers at Prodeco's Colombia coal port vote down proposed strike

A small number of workers at Grupo Prodeco’s port in Colombia have voted down a proposed strike, the union which held the vote said on Friday, adding that only eight out of 115 workers voted. Prodeco, a subsidiary of Switzerland’s...

/ January 26, 2019

Small group of Prodeco's Colombia coal port workers to vote on strike

Coal exports from Grupo Prodeco’s port in Colombia are proceeding normally despite the possibility that a small group of unionized workers may vote to strike over pay and labor conditions, the company said on Thursday. Prodeco, a subsidiary of Switzerland’s...

/ January 25, 2019

Anglo American rides out iron ore hitches in strong 2018

Global miner Anglo American (LON:AAL) ended 2018 on a high note, posting Thursday strong fourth quarter production results despite setbacks at its iron ore operations in both South Africa and Brazil. Output of copper, one of the miner’s main commodities, reached a...

/ January 24, 2019

Loophole lets Norway's $1 trillion fund boost its coal exposure

Norway’s massive sovereign wealth fund has increased its exposure to coal reserves even after imposing restrictions on investing in the fossil fuel that’s seen as one of the main catalysts for global warming, according to a report. The findings are...

/ January 24, 2019

Germany's 2019 hard coal imports seen rising after mining ends

Germany is expected to import 45 million tonnes of hard coal this year, up roughly 1.4 percent from 2018 despite mounting competition from renewable energy, as the closure of domestic mines reduces domestic supply, importers said on Friday. The total...

/ January 19, 2019

Merkel seeks to heal rift over role of coal in Germany's economy

Angela Merkel this week will seek to bridge divisions in Germany about how quickly to cut the nation’s reliance on coal, a controversial issue that has sparked violent clashes between green protesters and police and rattled its brittle governing coalition....

/ January 14, 2019