Coal - Copperbelt Katanga Mining

China coal output rises to highest since 2015

January 19, 2021January 19, 2021 admin

China’s coal output rose last year to its highest since 2015, despite Beijing’s climate change pledge to reduce consumption of the dirty fossil fuel and months of disruption at major coal mining hubs. The world’s biggest coal miner and consumer produced 3.84 billion tonnes of coal in 2020, data from the National Bureau of Statistics showed on Monday. China’s coal output dropped after reaching a peak of 3.97 billion tonnes in 2013, as Beijing axed excessive mining capacity and promoted clean energy consumption. But production is rising amid surging industrial… Read More Here

Coal International

Coal sales to rebound with first gains in years in US, Europe

December 19, 2020December 21, 2020 admin

Global coal demand is poised to rebound next year as the economy recovers and the US and Europe may see the first increase in consumption in several years, the International Energy Agency said. Despite the global shift toward economies based on renewable energy, the dirtiest fossil fuel looks set to keep its role as the world’s biggest power source although its share will slip to 35% in 2021 from 36.5% last year. Coal use in power generation globally is expected to increase by as much as 2.8% next year as electricity demand rebounds particularly in Asia, the IEA said in… Read More Here

Coal

China coal imports to increase in December – report

November 25, 2020November 25, 2020 admin

An analysis published by Wood Mackenzie forecasts that thermal coal imports will increase in December in China. According to the market analyst, seaborne thermal coal imports will grow from 9.5 Mt to 20 Mt in December. This new figure is much higher than the 8.8 Mt in September or the 17.7 Mt average of the first nine months of the year. In WoodMac’s view, the increase will work to ease domestic prices and strengthen seaborne prices. The scenario that leads to such growth is based on a series of factors that have… Read More Here

Coal

S.African investors exit local coal project on climate concerns

November 10, 2020November 10, 2020 admin

South African investors have pulled out of a local multi-billion dollar coal-fired power plant project, putting its construction at risk as opposition to the use of fossil-fuels in the country grows despite crippling power shortages. Across the world, investors are coming under increasing pressure to ditch coal, the most polluting of fossil fuels, and switch to greener energy. *Across the world, investors are coming under increasing pressure to ditch coal, the most polluting of fossil fuels, and switch to greener energy Read More Here

Mining in DRC Coal

Glencore lowers coal production guidance as strike at Cerrejón continues

November 1, 2020November 1, 2020 arnbethnic

Multinational commodity company Glencore delivered a solid third-quarter operating performance, including the continued successful ramp-up of Katanga, in the Democratic Republic of Congo, which remains on track to achieve design capacity by year-end, CEO Ivan Glasenberg said on October 30. “Our teams have adapted well to the numerous challenges presented by Covid-19.ADVERTISEMENT “We maintain our 2020 full-year production guidance, except coal, which was adjusted for the extended strike at Cerrejón . We will provide a detailed business update, including progress on climate change initiatives at our investor update on December 4,” he notes. For coal, the company… Read More Here

Coal Energy

South Africa needs $11bn to help transition from coal to renewable energy

October 29, 2020October 29, 2020 admin

South Africa needs a climate finance transaction of $11 billion to help the country transition from coal to renewable energy and to soften the blow for communities dependent on the mining and use of the fossil fuel, a University of Cape Town study said. South Africa, through state utility Eskom Holdings SOC Ltd., is almost entirely dependent on coal for electricity. The country produces the same quantity of greenhouse gases as the U.K., which has an economy eight times larger. “The study envisions a climate finance transaction of $11 billion… Read More Here

Mining in DRC Coal Cobalt

Miners relieved after DRC makes exceptions to export ban

August 23, 2020August 23, 2020 admin

The Democratic Republic of the Congo (DRC) has given mining companies an indefinite waiver to an export ban on cobalt hydroxide and carbonate, as well as tin, tungsten and tantalum concentrates after meeting the country’s biggest miners in Kinshasa. The mines ministry also announced on Saturday an export ban waiver on copper concentrate, but said the duration of that waiver is still to be determined, with companies expected to submit proposals in a week. The DRC, the world’s leading producer of cobalt and Africa’s biggest copper producer, banned exports of… Read More Here

Coal International

BHP to pay $840 million to break from coal in Chile

August 11, 2020August 11, 2020 Copperbelt Katanga News

BHP’s Escondida and Spence copper mines in northern Chile are ready to pay a total of $ 840 million for the early termination of a 2008 energy contract with a coal-fired power plant. This move follows a number of recent steps BHP had taken to become a greener miner, including carbon capture and storage, as well as other innovations like direct air capture. The local energy company AES Gener – a unit of AES Corp. – announced on Monday that the agreement signed with its Angamos plant will end in… Read More Here

Coal Cobalt Covid-19 Mining in DRC

mining companies warned against violation of human rights

June 13, 2020June 14, 2020 Copperbelt Katanga News

WITH the corona virus still a major disruption to most of the world, the pandemic has caused a lot of damage on many sectors. Trade unions have accused Mining companies operating in the Democratic Republic of the Congo (DRC) of violating mining workers’ rights in view of ending the corona virus. The mining companies have been advised to end confinement policies aimed at slowing the spread of the Corona disease as the practice infringes on human rights. Miners in the Democratic Republic of Congo are being forced to remain at… Read More Here

Coal Energy International

Virus-hit China may need more imports of coal. The tricky part – shipping it

February 7, 2020February 7, 2020 Copperbelt Katanga News

China’s domestic coal mines are struggling to ramp up production in the face of the ongoing coronavirus epidemic. That’s a situation that may seem positive for seaborne exporters, but in reality it may be challenging for miners to take advantage. While there may be increased demand for imported coal in China in coming weeks, the problem for major exporters such as Indonesia, Australia and the United States is going to be one of logistics. The coronavirus is starting to have an impact on supply chains and will make it more… Read More Here