lunes, 3 de diciembre de 2018

MacMines gets environmental nod for mega coal mine in Australia

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Coal News Digest
Tuesday 4 December 2018
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The company's 20,000-hectare China Stone thermal coal project is expected to produce 38 million tonnes of coal annually.

Operations at Driefontein, Kloof and Beatrix mines were halted late on Wednesday.

Rates for dry bulk cargo carriers have collapsed 70% since August.

In the past two years, Cat has been working on growing its offering, particularly in the underground segment, as well as filling up some gaps in terms of trucks sizes.

The 150-year-old Prosper-Haniel site — shuts in December.

Anglo American mines platinum, coal, diamonds and iron ore in South Africa.

Taking a big step closer to building the long-touted project that has faced fierce resistance from green groups.

Britain's High Court quashed the government's rejection of the new mine on the grounds that the minister did not provide adequate evidence for his decision.

Due to better coal economics and relatively unsupportive renewable energy policies, we expect coal to still dominate the fuel mix at more than 60% from now until 2027.

China National Coal Group will supply in 2019 more than 97 million tonnes of coal to six utilities, with volumes rising in each subsequent year of the deals.

The outlook for coal depends basically on the growth of electricity and steel production in Asia.

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