by Gordon Barratt | Oct 14, 2021 | News
Aurizon has forecast the continued growth of Australia’s coal sector to 2030, after which point a decline in the commodity may appear. Australia’s largest rail freight operator delivered 202 million tonnes of coal for its customers during the 2021 financial year,...
by Gordon Barratt | Oct 14, 2021 | News
Rio Tinto is working to remove coking coal from its steelmaking process, replacing it with plant matter for a cost-effective and sustainable alternative. As Australia exported about 182 million tonnes of metallurgical coal in 2019-20 at a value of $35 billion, the...
by Gordon Barratt | Oct 13, 2021 | News
After successful auction of 28 coal mines in the first two tranches, Ministry of Coal has launched the auction process of 40 new coal mines (21new mines under CM(SP) Act and 19 new mines under the Tranche 3 of MMDR Act). With coal mines rolling over from previous...
by Gordon Barratt | Oct 13, 2021 | News
US President Joe Biden Donald Trump vowed to revive the coal industry, but it’s President Joe Biden who’s seeing a big comeback of the dirtiest fossil fuel. US power plants are on track to burn 23% more coal this year, the first increase since 2013, despite Biden’s...
by Gordon Barratt | Oct 13, 2021 | News
There is a looming risk of more turbulence ahead for energy markets, the International Energy Agency (IEA) warns in its latest World Energy Outlook publication. “The world is not investing enough to meet its future energy needs, and uncertainties over policies and...
by Gordon Barratt | Oct 13, 2021 | News
Diversified miner Glencore has announced the sale of its Bolivian zinc assets to Canada’s Santa Cruz Silver Mining for $110-million. Glencore will receive an initial $20-million on the completion date and a further $90-million in about four years from completion....
