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Coal, Discussion
blacksheep
post Posted: Oct 30 2019, 01:39 PM
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Top US private coal miner Murray Energy files for bankruptcy
Cecilia Jamasmie | October 29, 2019 |
QUOTE
Murray Energy, the US largest privately owned coal producer led by outspoken Donald Trump ally Robert Murray, has filed for chapter 11 protection, as the fossil fuel’s role in the country’s energy mix continues to diminish.

The Ohio-based miner, the eighth coal company to go under over the past year, said it had reached a restructuring agreement with lenders to restructure more than $2.7 billion of debt.

read more - https://www.mining.com/us-top-private-coal-...for-bankruptcy/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 28 2019, 03:43 PM
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China coking coal posts steepest weekly fall in nearly 11 months on demand worries
Enrico Dela Cruz
QUOTE
MANILA (Reuters) - Chinese coking coal futures slipped on Friday and logged their biggest weekly loss since November 2018, as slowing economic growth and a bruising U.S.-China trade war clouded demand outlook for the steelmaking raw material.


read more - https://www.reuters.com/article/us-asia-iro...s-idUSKBN1WC0VU



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 28 2019, 12:32 PM
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Are coal exports to India an opportunity or lost cause?
Reuters | August 27, 201
extract
QUOTE
For Australia, which is the world’s second-largest exporter of thermal coal used in power plants behind Indonesia, the report said the opportunity to boost exports to India comes from replacing cargoes from Indonesia and South Africa.

This may be the case if Indonesia and South Africa export less in order to reserve their output for domestic consumption.

Currently Australia supplies about 8.3% of India’s thermal coal imports, meaning that if volumes do decline from Indonesia and South Africa, which jointly account for about 83% of India’s imports, there will be a gap for Australia.

Much will also depend on whether Indian buyers wish to use higher energy content coal, and whether the price is low enough to incentivise imports.

On coking coal used in steel-making, the outlook for Australian exports to India is brighter, given the paucity of India’s domestic reserves of this grade, and the lack of alternatives to buying from Australia.

While India’s coking coal demand looks set to remain robust, the problem is the high level of uncertainty over imports of thermal coal.

For Australia to boost thermal coal exports to India, it would take a failure of Coal India to boost domestic output, lower than expected installations of renewable energies and a drop in shipments from Indonesia and South Africa.

(By Clyde Russell; Editing by Richard Pullin)


read more - https://www.mining.com/web/are-coal-exports...-cause-russell/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 17 2019, 04:27 PM
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A burning question for coal’s brightest star
Bloomberg News | August 16, 2019 |
(Bloomberg Opinion)

QUOTE
If India is such a bright hope for global coal demand, why can’t investors see it?


QUOTE
In truth, there’s not enough investment in either form of generation at the moment to make a sure-fire bet. Still, as we’ve argued, the collapse of financing for fossil fuels should give pause to anyone making bullish predictions for the future of carbon-intensive electricity, including the governments that are increasingly its main backers. Coal-fired power has long failed in terms of human health and climate impacts, but its raw economics are now collapsing, too. Even the might of the state can’t keep flogging this dead horse much longer.

(By David Fickling)


read more - https://www.mining.com/web/a-burning-questi...brightest-star/
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 8 2019, 10:06 AM
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Big Money Starts to Dump Stocks That Pose Climate Risks
After years of meetings and shareholder resolutions, some funds are starting to simply divest from coal and oil stocks.

By Kelly Gilblom
August 7, 2019, 2:01 PM

QUOTE
Demand for thermal coal, the kind used to generate electricity, is declining in much of the world as governments seek to cut carbon dioxide emissions. Some asset managers are deciding it’s risky—for their clients and the planet—to keep shoveling capital into companies with environmentally unsustainable business strategies. This year almost every major public oil company faced at least one shareholder resolution about climate change. Those proposals won record support. (Michael R. Bloomberg, founder and majority owner of Bloomberg LP, in June launched an effort to phase out every U.S. coal-fired power plant by 2030.)

https://www.bloomberg.com/news/articles/201...e-climate-risks



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 27 2019, 02:14 PM
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Major insurer Suncorp vows to stop covering thermal coal projects

QUOTE
The latest announcement means there are now no Australian insurers willing to underwrite new thermal coal projects, experts and advocates say.

Insurance giant Suncorp has announced it will have no dealings with the thermal coal sector by 2025, leaving Australia with no major insurers willing to cover new thermal coal mines and power stations into the future, according to experts.

The company said on Friday that they do not "directly invest in, finance or underwrite new thermal coal mining extraction projects or new thermal coal electricity generation" and they will "phase out these exposers by 2025."

Suncorp added that its insurance and investment portfolio exposure to fossil fuels was already at just 0.5 per cent, but that it was working toward a full exit.

https://www.sbs.com.au/news/major-insurer-s...l-coal-projects



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


mullokintyre
post Posted: Jul 24 2019, 06:22 PM
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Despite continued reports of its iminent demise, Coal just will not die.
From Rueters

QUOTE
SANHE, China (Reuters) - China Energy Group, the country’s biggest power generator, will add more than 6 gigawatts (GW) of new ultra-low emission coal-fired capacity this year as it bids to meet growing electricity demand, a senior official with the firm said on Thursday.

The company also expected to build another 5 GW of low-emission capacity next year, Xiao Jianying, the head of the state-run firm’s coal-fired power department, told Reuters.

“China still has quite a big demand for electricity. The government now supports regions with poor wind and solar resources to use coal-fired power ... it’s a more practical measure, as gas is still too expensive,” said Xiao.

China Energy operated coal-fired plants with a total capacity of 175 GW at the end of 2018, 77.4% of its total capacity and about 10% of the entire country’s capacity.

Xiao said the company would gradually shut down small and polluting coal-fired power units and replace them with efficient ones, noting that total capacity would continue to increase but at a slower rate of growth.

The firm is also planning to launch another carbon capture and storage (CCS) project in northwest China next year as part of its efforts to reduce the environmental impact of using coal, company officials said. It already runs a CCS plant at its coal-to-oil facility in Erdos in Inner Mongolia.

China Energy also has ambitions to export more of its low emission coal-fired power technology. Officials said the company planned more investments in Indonesia, and was also studying proposals to build a coal-fired plant in Greece.

China uses ultra-low emissions technology at about 80% of its total coal-fired capacity. The technology cuts smog particles down to a minimum, but does little to curb climate-warming carbon emissions.



As is to be expected, China will pretend to follow the Co2 reduction meme, until it starts to impact on its economy.

Where oh where is Bob brown and his cavalcade. Why are they not marching on the Chinese embassy!.

mick the cynic.



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sent from my Olivetti Typewriter.
 
blacksheep
post Posted: Jul 24 2019, 10:53 AM
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Adani's Carmichael coal mine surviving on lifeline from Indian parent company

Professor Sandra van der Laan casts her eyes over the complex corporate structure for Adani's Australian operations.
QUOTE
Key points:
The company responsible for the Carmichael coal mine has current liabilities of more than $1.8b versus current assets of less than $30m
The auditors signed off on the company being a "going concern" because of a 12-month guarantee from the Indian parent firm
Accounting expert Sandra van der Laan says "effectively on paper they are insolvent. I wouldn't be trading with them"

"It looks to me like a corporate collapse waiting to happen," she says.

"It has all the hallmarks of the big corporate failures we've seen over the last 20 to 30 years."

Professor van der Laan, a forensic accounting specialist who heads the discipline of finance at the University of Sydney, has a reputation for picking "corporate collapses waiting to happen"

A decade ago, she and fellow academic Sue Newberry warned that ABC Learning — then Australia's biggest private childcare provider and the largest publicly listed childcare company in the world — was a house of cards.

It subsequently failed in spectacular fashion, causing a crisis in the industry.

She examines a diagram of Adani's Australian structure: a labyrinth of trusts interposed between private companies and Indian stock market-listed companies with ties to, and in some cases ownership in, tax havens stretching from Singapore to Mauritius, on to the Cayman Islands and the British Virgin Islands.
.


https://www.abc.net.au/news/2019-07-24/adan...parent/11338926



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 13 2019, 11:47 AM
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Australian thermal coal leaves investors cold
Bloomberg | July 12, 2019 | 12:37 pm
extract
QUOTE
Back in 2016, coal was still the lowest-cost way of delivering new generation in most major markets. The slumping price of wind and solar generation since then has changed the game. Thermal coal will fall to 11% of U.S. generation by 2030 from the mid-20s at present, S&P Global Ratings wrote in a report Wednesday; outside of Spain and Germany, most European coal-fired plants will be retired by 2025.

read more - https://www.mining.com/web/australian-therm...investors-cold/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
triage
post Posted: May 16 2019, 08:26 AM
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Another big US thermal coal producer goes broke, forced out by cheaper, cleaner alternatives.

https://arstechnica.com/information-technol...for-bankruptcy/

The difference is that in the US gas is accepted as a cheaper, cleaner alternative to thermal coal whereas in Australia it is not.

(also the url misspeaks by saying the company is the third largest US coal producer when in the article the company is identified as being the fourth biggest).



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"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
 


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