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Category: Coal

Glencore profit more than doubles thanks to soaring coal price 1 Coal Mining Companies 

Glencore profit more than doubles thanks to soaring coal price

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Mining and commodities trader Glencore (LON: GLEN) posted on Thursday record profit of $18.9 billion in the first half of 2022, more than doubling last year’s figure thanks to its booming thermal coal business. Unlike rivals, including Anglo American, Rio Tinto and BHP, which bowed to investor pressure to exit fossil fuels, Glencore has continued mining coal, of which prices have reached record highs on the back of a global energy crunch unleashed by the war in Ukraine. The Swiss firm’s coal division generated earnings of $8.9 billion in the first six months of… Read More Here
MAAMBA’S FOOTPRINT: BEYOND MINING AND BASELOAD ELECTRICITY 2 Coal Mining in Zambia 

MAAMBA’S FOOTPRINT: BEYOND MINING AND BASELOAD ELECTRICITY

arnbethnic
SINAZONGWE, ZAMBIA – Nestled in the heart of the Gwembe Valley, Maamba Collieries Limited (MCL) is spread over an expanse of over 8,000 hectares that, at first glance, looks like just another coal mine with an integrated mine-mouth thermal power plant – abuzz with the industrial hubbub of complex engineering and heavy earth-moving machinery.But this industrial giant, unique in Zambia in that its operations cover mining and generation of baseload power for the nation, is undertaking numerous activities beyond its operational mandate.For more than a decade since privatisation in 2010 and… Read More Here
𝐌𝐎𝐑𝐔𝐏𝐔𝐋𝐄 𝐂𝐎𝐌𝐌𝐈𝐓𝐒 𝐓𝐎 𝐒𝐔𝐏𝐏𝐎𝐑𝐓𝐈𝐍𝐆 𝐁𝐎𝐓𝐒𝐖𝐀𝐍𝐀 𝐂𝐎𝐀𝐋-𝐓𝐎-𝐋𝐈𝐐𝐔𝐈𝐃 𝐀𝐌𝐁𝐈𝐓𝐈𝐎𝐍 3 Coal 

𝐌𝐎𝐑𝐔𝐏𝐔𝐋𝐄 𝐂𝐎𝐌𝐌𝐈𝐓𝐒 𝐓𝐎 𝐒𝐔𝐏𝐏𝐎𝐑𝐓𝐈𝐍𝐆 𝐁𝐎𝐓𝐒𝐖𝐀𝐍𝐀 𝐂𝐎𝐀𝐋-𝐓𝐎-𝐋𝐈𝐐𝐔𝐈𝐃 𝐀𝐌𝐁𝐈𝐓𝐈𝐎𝐍

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Government owned coal mining company Morupule is committed to supporting Botswana ‘s coal to liquid ambition, a multi billion pula project that would see Botswana produce fuel from its abundant coal reserves and unlock thousands of jobs and value chain opportunities along the way. This commitment has been reiterated by Morupule Coal Mine General Manager Mr Edwin Elias in a number of media engagements recently. “There is Coal to gas aswell, this is a high capital intensive project, we are ready as Morupule Coal Mine to ramp up production and… Read More Here
China ban on foreign coal investment leaves Zimbabwe scrambling 4 Coal International 

China ban on foreign coal investment leaves Zimbabwe scrambling

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Zimbabwe’s plan to refurbish two idled coal-fired power stations has been thrown into disarray by China’s decision to ban investment in plants burning the dirtiest fossil fuel outside its borders. Zimbabwe was depending on China to help get the Bulawayo Power Station, which has a design capacity of 90 megawatts, and Munyati Power Station, meant to generate 100 megawatts, to produce electricity to fill a chronic shortfall in the southern African country. “There is no funding for coal plants,” Sydney Gata, the chairman of state-owned Zesa Holdings Ltd., said in… Read More Here
Europe looking to get a million tonnes of coal annually from Botswana, says President Masisi 5 Coal 

Europe looking to get a million tonnes of coal annually from Botswana, says President Masisi

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Botswana has been inundated with inquiries to supply coal to Europe and estimates that demand from Western countries could top a million tonnes a year, President Mokgweetsi Masisi said on Tuesday, as the Ukraine war forces Europe to pivot more to Africa for energy resources. Since Russia invaded Ukraine at the end of February, Europe has sought to cut its gas imports from Russia, which many European nations previously relied on, and is looking at other parts of the world to meet its fuel demand, including coal. That potentially opens… Read More Here
Nava Bharat, parent company of Maamba Collieries plans $100 million investment in phased manner 6 Coal Mining in Zambia 

Nava Bharat, parent company of Maamba Collieries plans $100 million investment in phased manner

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Paloncha based Nava Bharat Ventures Limited (NVBL) which is celebrating its golden jubilee year of its formation is gearing up to invest 100 million US dollars to further its operations, informed the company Chief Executive Officer (CEO) Ashwin Devineni. Established in 1972 as an Indian Ferroalloys manufacturer, the company is now a multinational firm operating in India, South East Asia and Africa. The company successfully completed 50 years in the industry and is aiming further its organic and inorganic growth. Nava Bharat currently produces over 2,00,000 tons of Ferroalloys each… Read More Here
Court orders South Africa government to clean up air in coal belt 7 Coal International 

Court orders South Africa government to clean up air in coal belt

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A South African court on Friday upheld a complaint by activists that poor air quality in the coal belt is a breach of constitutional rights, giving the environment minister a year to enforce a clean air plan. South Africa’s coal belt, east of the capital Pretoria and main city Johannesburg is home to an estimated 3.6 million people, as well as a dozen Eskom coal-fired power stations and some Sasol petrochemicals plants. Activists, scientists and doctors, as well as a United Nations human rights expert have argued that the epidemic… Read More Here
55% dependent on Russian gas, Germany opposes the ban on imports of gas, oil and coal from Putin's country 8 Coal International Oil & Gas 

55% dependent on Russian gas, Germany opposes the ban on imports of gas, oil and coal from Putin’s country

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The Federal Republic of Germany opposes the ban on imports of gas, oil and coal from Russia. It was the German Ministers of Finance and Foreign Affairs who expressed this position of the German Government in response to European sanctions against Russia. For Germany, the ban on importing gas, oil and coal from Russia would threaten the social peace of the country. “We must be able to hold the sanctions over time,” explained the Head of German diplomacy, Annalena Baerbock, to the ARD channel. And to add: “It is useless… Read More Here
Coal India signs mining's largest dragline order in decades for five 1,960 t machines from Russia's Uralmashplant 9 Coal Equipment & Technology International 

Coal India signs mining’s largest dragline order in decades for five 1,960 t machines from Russia’s Uralmashplant

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Uralmashplant JSC (UZTM), part of the UZTM-KARTEX Group, the leading Russian manufacturer of mining equipment, recently won the tender for supply of five walking draglines to the leading Indian mining concern Coal India Ltd (CIL). On March 25, in Kolkata, Yan Tsenter, CEO of UZTM-KARTEX Managing Company and Binay Dayal, Technical Director of Coal India Ltd., in the presence of the Chairman of the CIL Board of Directors Pramod Agrawal signed the contract which is worth more than $350 million. This is the largest transaction for UZTM over the past… Read More Here
Coal production from top 10 companies expected to increase by up to 6.6% 10 Coal International 

Coal production from top 10 companies expected to increase by up to 6.6%

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Coal production from the top ten mining companies (Coal India, China Shenhua, Yanzhou Coal, Peabody, China National Coal, Glencore, Siberian Coal, PT Bumi, BHP and Arch Resources) fell from a collective 1,704 Mt in 2019 to 1,633 Mt in 2020, which is a 4.2% decline. The most significant declines were observed from Arch Resources (28.6%), PT Bumi (24.9%), Glencore (23.9%), and Peabody (21.8%), according to GlobalData, a leading data and analytics company. GlobalData expects production from the top ten companies to be between 1,683-1,740 Mt in 2021, which is an… Read More Here

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