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Coal, Discussion
blacksheep
post Posted: Feb 7 2019, 09:36 PM
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QUOTE
MELBOURNE (Reuters) - Australian coal haulier Pacific National said on Thursday that one of its trains derailed near the Hunter Valley in New South Wales and that some services would be affected while repair work was carried out.

The Hunter Valley is Australia’s top thermal coal-producing region and home to operations run by Yancoal, Glencore and Peabody Energy.


read more - https://www.reuters.com/article/us-australi...d-idUSKCN1PW0OP



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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: Feb 7 2019, 09:01 AM
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Glencore says heavy rain disrupts operations at two Australian coal mines
Reuters | about 5 hours ago |
QUOTE
Global trader Glencore said on Wednesday that production at two of its Australian coal operations has been affected by heavy rain that has caused flooding in northern parts of Queensland state.

"We have experienced short-term production impacts from heavy rain at our two most northerly coal sites, Collinsville and Newlands," a Glencore spokesman said in a statement to Reuters.


QUOTE
Glencore, which is also a major producer of copper and zinc in Australia, said "controlled operations" were continuing at its Queensland copper and zinc businesses in Townsville, Mount Isa and Cloncurry.

http://www.mining.com/web/glencore-says-he...ian-coal-mines/



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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: Jan 28 2019, 11:09 AM
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Germany to phase out coal by 2038 in move away from fossil fuels
QUOTE
BERLIN (Reuters) - Germany should shut down all of its coal-fired power plants by 2038 at the latest, a government-appointed commission said on Saturday, proposing at least 40 billion euros ($45.7 billion) in aid to regions affected by the phase-out.

https://www.reuters.com/article/us-germany-...s-idUSKCN1PK04L
Germany's coal exit could mean cash windfall for plant operators
QUOTE
FRANKFURT/DUESSELDORF (Reuters) - Operators of Germany’s coal-fired power plans will have to negotiate compensation with the authorities for accelerating moves to phase out use of the fuel, a report said on Saturday, with the prospect that payouts could run into billions of euros.

A commission has set out proposals for ending the use of coal as a power source by 2038 in Europe’s biggest economy, affecting operators RWE (RWEG.DE), Uniper (UN01.DE), EnBW (EBKG.DE), Vattenfall [VATN.UL], Steag and LEAG.







--------------------
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: Dec 5 2018, 02:35 PM
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Interesting read - Ivan Glasenberg places a dirty $36B bet: Chris Bryant

QUOTE
With international delegates meeting in Poland this week to debate the unfolding planetary climate emergency, it’s tempting to view the market’s thumbs down on coal as ethical. Glencore talks a lot about the copper and cobalt it will supply for electric vehicles, but it’s made a huge bet on carbon. Some sustainability-minded investors won’t touch Glencore's shares for this reason, but that’s probably not why the coal business has been marked down. Rather, investors worry that high thermal coal prices aren’t sustainable. It’s possible they’re wrong about that. Glasenberg certainly thinks so.

Corporate boards and banks are increasingly unwilling to sanction or finance new coal mines, meaning there’s a dearth of new supply. That’s a huge advantage for miners that refuse to quit the coal game. In particular, Glencore profits from the premium that utilities pay for higher grade coals. With India and China constructing lots of new coal capacity, demand isn’t about to fall off a cliff either, whatever climate campaigners hope.

In the long run, high prices may end up dooming coal, as my colleague David Fickling has argued. But Glencore’s coal business should be a license to print money for several more years. If Glasenberg is right, his shareholders will be swimming in cash, even as our oceans creep higher.

http://www.mining.com/web/ivan-glasenberg-...t-chris-bryant/



--------------------
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: Nov 17 2018, 01:44 PM
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In Reply To: blacksheep's post @ Sep 27 2018, 01:47 PM

Coal price drops one third as China shuts door on Australian imports until 2019
By Mike Pritchard
Posted yesterday at 16:09

QUOTE
China's power plants have big stockpiles of coal and have shut the door on imports till next year. (ABC News: Brant Cumming)
China has shut the door on coal imports until at least next year, creating uncertainty in the Australian market, according to one industry analyst.

Limits to imports were initially put in place in the middle of this year but now Chinese authorities have stopped all imports of coal from across the globe and the ban is not expected to be lifted until early 2019.

Mike Cooper from Platts Coal Report said there was an oversupply of coal in China.

He said unless there was a very cold winter, further imports would not be needed for the next couple of months at least.

"China has produced so much coal for the winter period the power companies have 30 days worth of consumption on their stockpiles," he said.

"It's really creating tidal waves of uncertainty in the market."

Thermal coal prices for delivery to China have dropped significantly as a result, falling from $90/tonne in February to $60/tonne.

China takes about 25 per cent of Australia's thermal coal from the Newcastle port and Mr Cooper said finding a home for that coal would be difficult

The current situation is at odds with a report released earlier this week the International Energy Agency (IEA).

Its World Energy Outlook (WEO) forecast strong growth in Asian demand through to 2040 with substantial growth in India and South-East Asia expected to counteract projected falls in China and Japan.

At the beginning of the month, the NSW Minerals Council released a statement saying prices were steady at around $114/tonne compared to around $49/ tonne in January 2016.

According to the Council demand for New South Wales coal is particularly strong from traditional Asian markets such as Japan, Taiwan, and Korea.

However, Mr Cooper said prices for Japanese grade coal dropped recently from $125/tonne to $100/tonne.

https://www.abc.net.au/news/rural/2018-11-1...mports/10504276



--------------------
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 27 2018, 01:47 PM
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China restricts coal imports to boost local miners
extract
QUOTE
Shanghai/Melbourne | China has introduced unofficial restrictions on coal imports in a bid to prop up domestic prices by slowing down customs approvals at key ports, in a move that threatens to disrupt a year of stronger-than-expected Chinese demand for Australian thermal coal.

https://www.afr.com/business/mining/coal/ch...20180925-h15vh0



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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 25 2018, 03:59 PM
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According to Michael West -
QUOTE
Global bank Standard Chartered: “We will not directly finance any new coal-fired power plant projects, including expansions, in any location.”




--------------------
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 23 2018, 11:17 PM
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In Reply To: blacksheep's post @ Sep 20 2018, 09:46 PM

AFR article have a bit more info on the Marubeni Corporation plans mentioned in a previous post
Major Japanese banks, traders tighten coal policy
extract
QUOTE
Mr Buckley said there was little doubt that demand for thermal coal would rise in such nations in the near term, but he predicted thermal coal would be largely phased out of the energy system within 40 years.

"Whether we like it or not, coal is going to be a core part of the world energy market for decades to come, what I want is an orderly transition and that is what Marubeni is now talking about, so to me it is a really important message," he said.

Mr Buckley said the recent strength in coal prices and the resultant surge in royalty revenue was buying Australia time to develop a transition plan for when nations like Japan stop buying coal.

"This is not a call to end coal tomorrow. Let's have a plan so we can make sure the communities in the Hunter Valley aren't decimated in the way the communities of Wyoming, Kentucky and the coal communities in Wales have been decimated," he said.

https://www.afr.com/business/mining/major-j...20180921-h15ob9



--------------------
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
 
nipper
post Posted: Sep 23 2018, 10:28 PM
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QUOTE
"...data centres account fort almost 4 per cent of Australia’s total energy consumption, and 10 per cent of the world’s energy consumption,” Schneider Electric’s Pacific region president Gareth O’Reilly told Fairfax Media during the event.

QUOTE
major blockchain company, the IOT Group, recently signed a deal with Hunter Energy to turn the closed Redbank power station back on and build a data centre inside it.

https://www.smh.com.au/business/the-economy...922-p505df.html



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Sep 23 2018, 10:10 PM
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In Reply To: blacksheep's post @ Sep 20 2018, 09:46 PM

Another company in the USA planning to exit their ageing coal fired power stations and replace that lost capacity with renewables - becoming a pattern around the world

Nipsco calls shutting down all its coal capacity its 'most viable option'
Author
Mark Watson

QUOTE
Electric Power
Houston — Northern Indiana Public Service Company says retiring most of its coal-fired generation by the end of 2023 and the remainder by 2028 would be the "most viable option for customers," which market observers say Nipsco is likely to pursue.


QUOTE
RENEWABLE, STORAGE ALTERNATIVES
Nipsco's latest analysis, based on responses to a request for power supply proposals issued in April, indicate that a combination of wind, solar and battery storage would likely replace most of that lost capacity.

"Technology and market changes continue to transform the energy industry, opening more competitive options and it's the primary driver of the changes being considered for our system," said Violet Sistovaris, NiSource executive vice president and Nipsco president, in a media release. "Retiring our aging coal fleet sooner will cost substantially less compared to our original plans for extending retirements over a longer duration."

Many Midwest operators of coal-fired facilities face flat or falling power prices, due to flat natural gas prices and an increasing supply of renewables, while coal plants face steady or increased operating costs, said Mark Repsher, PA Consulting energy market expert.

https://www.spglobal.com/platts/en/market-i...t-viable-option



--------------------
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
 
 


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