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New coal power plants may block Japan's carbon emissions goal: minister
Jumat, 30 Juni 2017 / 21:32 WIB
Japan may not achieve its carbon emissions target if an ambitious plan to build more coal-fired power plants pushes ahead, its environment minister said, underlining Tokyo's struggle to meet globally agreed goals to halt climate change. Even as it champions the Paris climate agreement, Japan...
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Glencore in bidding war with China to buy Rio coal assets
Selasa, 27 Juni 2017 / 21:22 WIB
Miner and trader Glencore on Friday hit back with an increased offer of $2.675 billion in cash to buy Australian coal assets from Rio Tinto that earlier this week said it was favoring a Chinese bid. On Tuesday, Rio Tinto said it had selected Yancoal to buy its Coal & Allied division in...
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Does Coal Stand a Chance Against Renewable Energy?
Kamis, 22 Juni 2017 / 21:18 WIB
You might have heard the news that the first new coal mine in a decade opened this month in a small Pennsylvania town called Friedens. The Acosta Mine—the output from which will be used in the production of steel—is expected to employ between 70 and 100 people over 15 years, with...
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Rio Tinto Picks $2.45 Billion Yancoal Offer for Coal Mines Over Glencore Bid
Selasa, 20 Juni 2017 / 21:16 WIB
Rio Tinto Group backed an improved offer by China’s Yanzhou Coal Mining Co. for its Australian coal mines, snubbing a last-minute bid from Glencore Plc. Shareholders should vote for the $2.45 billion proposal from Yancoal for the Coal & Allied unit in New South Wales, according to a...
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How China, Not Obama, Waged The War On Coal
Jumat, 16 Juni 2017 / 21:13 WIB
Global coal production is down record amounts thanks largely to China, BP's chief economist said Thursday, and coal's probably not coming back.   "I think we are seeing a significant and decisive shift in coal, a break from the past in terms of coal," said BP Group...
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Glencore Moves to Top Chinese Rival in $3.5 Billion Coal Play
Senin, 12 Juni 2017 / 21:09 WIB
Glencore Plc’s Ivan Glasenberg is looking to trump China’s Yanzhou Coal Mining Co. with a rival bid for Rio Tinto Group coal assets in Australia. The company’s chief executive officer submitted a proposal to buy Rio’s Coal & Allied coal unit in New South Wales for...
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Indian billionaire to open huge new coal mine in Australia
Selasa, 06 Juni 2017 / 21:03 WIB
Gautam Adani said Tuesday that he had given the "green light" to his firm's $12 billion coal project in Australia's northeastern Queensland state. "This is the largest single investment by an Indian corporation in Australia, and I believe others will follow with...
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Shenhua, China Guodian Said to Mull $267 Billion Power Giant
Minggu, 04 Juni 2017 / 19:40 WIB
Shenhua Group Corp., China’s biggest coal miner, and China Guodian Corp., one of the nation’s largest coal-fired power generators, are in merger discussions, according to people with knowledge of the matter. The talks are preliminary and the merger may not go ahead, said the...
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Coal's Future in India
Jumat, 02 Juni 2017 / 19:36 WIB
The Indian trading house Adani Resources Ltd. has just reached an agreement with the Queensland government on royalty payments for the Carmichael coal mine, which the company is considering building in northeastern Australia. As one of the largest thermal coal mines in the world, it would...
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Coking coal price talks stall as steelmakers, miners spar on contract terms
Kamis, 01 Juni 2017 / 19:34 WIB
Talks between Australian miners and Japanese steelmakers over coking coal supplies have stalled as the Japanese companies are pushing to move to more flexible arrangements from the current quarterly fixed-price terms. The Japanese are backed by BHP, the world's biggest producer of coking...
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