Tag Archives for Mining
HOUSTON — Coal exports from terminals in Virginia’s Hampton Roads region totaled 2.77 million st in July, up 3.4% from the prior month and up 61.7% from the year-ago month, according to the Virginia Maritime Association.
Exports rose as both low volatility hard coking coal and European-delivered thermal coal prices ticked up compared with June levels.
S&P Global Platts assessments of HCC metallurgical coal averaged $156/mt FOB US East Coast in July, up from $144.93/mt the prior month, and Platts assessments of CIF ARA delivered thermal coal averaged $83.49/mt, up from $79.48/mt in June.
BEIJING — Coal prices in China may continue to rise during the upcoming heating season, despite the endeavors of regulators to stabilize them, due to strong demand and overcapacity reduction, experts said.
“From now on to the end of the heating season next spring, coal prices will not show a downturn trend, with demand rising continually, if there are no strong measures from regulators to guarantee supply,” said Zhang Likuan, senior analyst at the China Coal Data Exchange Center.
By Tim Pierce
WASHINGTON, DC — Ukraine received its first shipment of anthracite coal from the U.S. Wednesday, part of an $80 billion deal between President Donald Trump and Ukrainian President Petro Poroshenko.
This shipment carried 62,000 tons of the total 700,000 tons set to be delivered to Ukraine by the end of the year, the Financial Times reports.
“As agreed with President Trump, first American coal has reached Ukraine. It is a significant contribution to our energy security and a vivid proof of mutually beneficial strategic cooperation between our two nations,” Poroshenko wrote in a Facebook post. “While it continues to steal Ukrainian coal from Ukrainian Donbas, Russia has lost yet another tool for its energy blackmailing.”
New York (September 19, 2017) – President Trump has announced his picks to fill out the Tennessee Valley Authority board of directors. The slate includes a coal executive and a leader at Oak Ridge National Lab.
The one nominee from Tennessee is Jeff Smith, who gets praise from both of the state’s senators. Smith was deputy director of operations at Oak Ridge. Republicans Lamar Alexander and Bob Corker say they still need to get to know the other nominees.
WASHINGTON, DC (August 24, 2017) – The Department of Energy staff report to Secretary Rick Perry provides a comprehensive view of the evolution and current status of the U.S. electricity marketplace and offers some important policy considerations to support grid operations in the future.
The report points to the Polar Vortex as demonstrating “the critical need for improved system resilience”. While finding that electricity markets now recognize and provide for reliability, more work is needed to recognize and compensate for resilience, including resources with fuel assurance.
Coal is a key fuel resource, and the ability to store it onsite at a power plant is an important attribute.
By H. Sterling Burnett
One of the main reasons President Trump pulled the United States out of the Paris climate agreement is the treaty is a “bad deal for America.” Among many other problems, it would cost a significant number of jobs. In support of his claim, Mr. Trump cited a study by NERA Economic Consulting that estimates if the United States were to meet its carbon-dioxide emissions reduction obligations under the Paris climate agreement, it would cost the economy nearly $3 trillion and the United States would lose 6.5 million industrial jobs by 2040, including 3.1 million in the manufacturing sector.
By Rich Trzuzpec
Last month, HBO funnyman John Oliver spent an episode of his show Last Week Tonight delivering a profanity-laced rant demonizing coal, coal-energy advocates, and presidents of the United States who don coal-miner hard-hats.
He did so following the formula that Jon Stewart has used so successfully throughout his career: Be witty and quote a lot of apparent facts in order to back up your satirically-expressed opinion about any issue and hope your audience will accept you as an expert.
By Timothy Gardner and Nina Chestney
WASHINGTON/LONDON (Reuters) – U.S. coal exports have jumped more than 60 percent this year due to soaring demand from Europe and Asia, according to a Reuters review of government data, allowing President Donald Trump’s administration to claim that efforts to revive the battered industry are working.
The increased shipments came as the European Union and other U.S. allies heaped criticism on the Trump administration for its rejection of the Paris Climate Accord, a deal agreed by nearly 200 countries to cut carbon emissions from the burning of fossil fuels like coal.
By William F. Jasper
The New American
The People’s Republic of China, the undisputed Pollution King of the world, is ramping up its production of coal-fired power plants — not only in China, but in dozens of other countries as well.
But, strangely, China remains the new darling of the climate-change alarm choir. The communist regime, which is notorious for pumping colossal volumes of deadly toxins into the air, water, and land, is being celebrated as the new global environmental champion.
Houston (Platts)– Coal is projected to provide the majority of US power generation in 2017, retaking the crown from natural gas, according to the US Energy Information Administration’s monthly Short Term Energy Outlook released Tuesday. The agency projects coal will fuel 31.3% of the US’ electricity in 2017 compared with 31.1% for gas.
In 2016, gas surpassed coal as the nation’s primary fuel for the first time, totaling 33.8% of generation compared with 30.4% for coal. The agency has projected gas to be the top fuel in 2017 in most of their reports so far this year, including June’s edition, but increasing gas prices as well as higher hydro generation have pushed gas below coal for the first time.