The Billion Dollar Bet On European Coal
Czech energy magnate Pavel Tykac is ready to spend 1 billion euros ($1.2 billion) of his own cash on aging coal and gas-fired power plants across Europe. He’s betting the Continue Reading
Indonesia caps domestic coal price for power stations, could hit miners
Indonesia has capped the price of domestic coal for power stations at $70 per ton for two years, in new rules issued this week, a government spokesman said on Friday. Continue Reading
How a U.S. coal deal warmed Ukraine’s ties with Trump
For the first time in Ukraine’s history, U.S. anthracite is helping to keep the lights on and the heating going this winter following a deal that has also helped to Continue Reading
China’s Hebei province to cut coal use by 5 million tonnes this year: Xinhua
China’s northern Hebei province plans to reduce its annual coal consumption by 5 million tonnes this year by promoting the use of clean and renewable energy, the official Xinhua news Continue Reading
France Vows To Shut All Coal-Fired Power Plants By 2021
IN a speech at the World Economic Forum in Davos, pledging that his country will be on the forefront in the global fight against climate change. “I want to make Continue Reading
Lloyd’s Sees No Room For Coal In New Investment Strategy
The world’s oldest insurance market, Lloyd’s of London, is the latest member of the European insurance industry that will divest from coal, beginning in April this year. It will be Continue Reading
Exclusive: Trump’s coal job push stumbles in most states
President Donald Trump’s effort to put coal miners back to work stumbled in most coal producing states lcoal-producing as overall employment in the downtrodden sector grew modestly, according to preliminary Continue Reading
Powder River Basin coal production up 7.2% in 2017: MSHA
Powder River Basin coal production totaled 334.4 million st in 2017, up 7.2% from 2016, according to recently posted US Mine Safety and Health Administration data. Production in 2016 declined Continue Reading
China Looks To Create Supersized Coal Companies
China said on Friday it plans to create several “super-large” coal mining companies by the end of 2020 as the world’s biggest producer of the fuel ramps up years of Continue Reading
Federal Regulators Deal Huge Blow To The Coal Industry
The Federal Energy Regulatory Commission (FERC), which regulates the U.S. electricity market, shot down a proposal from the Department of Energy that would have essentially subsidized aging coal and nuclear Continue Reading