lunes, 1 de enero de 2018

Moroccans continue to protest against the “mines of death"

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Coal News Digest
Tuesday 2 January 2018
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Protesters met with authorities but no agreements were reached, so rallies are set to continue.

The state-owned company plans to open up 12 new mines.

A coal miner in West Virginia has died following an accident at a mine owned by Revelation Energy, LLC.

The city of Jerada has seen four days of massive protests.

Officials say the mine was dug with little regard for safety.

BHP said it would seek responses from the World Coal Association over policy differences before making a final decision on whether to quit in March 2018.

Iron ore price jumps 5.2%, coking coal rises to levels last seen during cyclone Debbie as Chinese mills restock.

Indian conglomerate cancels $2.6-billion contract with Downer Group.

Panel of investment banks and research houses forecast declines in copper, zinc, lead and palladium prices in 2018.

The Indian Captive Power Producers Association denounced that most of its member companies are getting half of the coal they need from state-owned Coal India.

The institution will stop all lending for oil and gas projects after 2019, with some exceptions.

AXA and three other French investment groups follow the World Bank's lead.

China Three Gorges says this would be not only the largest but also the "most intelligent solar power project with the most advanced technology in the world."

Representatives for the Wangan and Jagalingou People said they were forced to sign an Indigenous Land Use Agreement at the Native Title Tribunal for Adani's Carmichael mine.

After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.

The shovels are in the ground at the Carmichael coal mine in Queensland but the bankers have yet to open their wallets.

The company, which is controlled by businessman Igor Zyuzin and came close to bankruptcy last year, circulated the final draft of a restructuring proposal among its creditors.

British wind farms generated more electricity than coal plants on more than 75% of days this year.

Beijing also imported no iron ore, coal or lead from North Korea in November.

With some vessels waiting to load coal and iron ore outside Australian ports for over a month, key charter rates jumped to highest in more than three years.

For all the doom and gloom about the future of coal, the past two years have been a boom time for coal prices that's exceeded by their 2010 to 2012 peak.

A sale would allow Rio to complete its exit from coal and continue an asset divestment program that has returned more than $7 billion since 2013.

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