Industry Focus

2017.04.12

Anglo American to sell Eskom-tied thermal coal operations in South Africa

Anglo American plc has sold its Eskom-tied domestic thermal coal operations in South Africa to a wholly owned subsidiary of Seriti Resources Holdings Proprietary Ltd, a company majority owned by historically disadvantaged South Africans (HDSAs) and led by a management team with extensive experience of operating and developing la...

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2017.04.10

Indonesia’s Tanjung Jati B coal-fired power plant expansion begins

Sumitomo Corp., together with The Kansai Electric Power Co., Inc., has satisfied the required conditions precedent for the project financing of the Tanjung Jati B coal-fired power plant Units 5 and 6 expansion project in Indonesia and commenced construction work on the Project on 31 March 2017. The project has been developed ...

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2017.03.31

Coal India expects production growth of 2.5% this fiscal

Against a required production growth rate of nearly 11 per cent during FY2016-17, Coal India is likely to close the year with a 2.5 per cent growth and a 2 per cent rise in sales over the previous year. “We hope to achieve a 2.5 per cent production growth by the end of this fiscal and sales are likely to witness a 2 per cen...

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2017.03.29

YP Letters: Drax boss – Biomass is a cleaner form of technology

From: Andy Koss, CEO, Drax Power, Selby, North Yorkshire. USING biomass technology to generate electricity is a renewable and cleaner form of energy, and Dr AM Bostyn (The Yorkshire Post, March 22) is mistaken in the claims he makes. The sustainably-sourced low grade wood Drax uses to produce compressed wood pellets to gener...

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2017.03.24

China Coal turns losses to profit

CHINA Coal Energy Co made a profit of 2.03 billion yuan (US$295 million) last year, reversing losses a year ago, when it sold more coal whose price rallied and disposed of inefficient plants. The company’s profit was in line with a 2.3 percent annual growth in revenue totaling 60.6 billion yuan last year, with coal sales in...

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2017.03.22

Ukraine in Jan 2017 buys coking coal for almost CAD 50 mln in Canada

Ukrainian companies in January 2017 imported coking coal for CAD 48.2 million ($36.2 million under the current exchange rate) from Canada, while in January 2016 no coking coal was imported, Canadian Ambassador to Ukraine Roman Waschuk has told Interfax-Ukraine. He said that British Columbia has large stocks of coking coal and...

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