Longview, WA — Arch Coal, Inc., the second largest
coal supplier in the United States, announced today that it would be filing for bankruptcy protection after suffering several quarters of losses and being unable to restructure its debt.
The plant's
coal suppliers in 2010 included Keystone Development, the Mammoth Coal unit of Massey Energy, Mine Rite Coal, and Newtown Energy.
Not exact matches
The really compelling argument for disallowing the
coal supply chain through Fraser Surrey Docks is that it effectively undoes that achievement
in emissions reduction if the same hydrocarbons end up being burned and vented into the atmosphere
in China, where if anything environmental protections are more lax.
Deripaska's En + Group PLC, which owns part of Rusal and
supplies power and
coal, has also seen its London - listed shares more than halve
in value.
Foley said that
coal will still likely be the majority power source
in 25 years
in developing economies like China and India, as they have large domestic
coal supplies and less domestic competition from natural gas.
The
coal miner has been hurt as the world has turned to more environmentally - friendly energy sources such as natural gas — a trend that has accelerated
in the last few years as gas prices have come down substantially due to surging
supply from the U.S. fracking boom.
Last year, that commodity contributed 53 % of its gross profit and it
supplied nearly 75 % of the total during the first quarter of 2017 due to a spike
in steelmaking
coal prices.
Those price differences have widened
in recent months due to
supply disruptions that pushed the price of steelmaking
coal up over $ 300 per ton even as thermal
coal prices where Alliance produces have remained around $ 50 per ton.
Foreign miners are ready to pounce on any
supply disruption caused by Aurizon's controversial new approach to railway maintenance
in the Queensland coalfields, with Canadian miner Teck warning the stoush could «definitely have an impact» on
coal markets.
Australia has plentiful
supplies of natural resources, including the second largest accessible reserves of iron ore
in the world, the fifth largest reserves of
coal and significant gas resources.
With
supply remaining abundant and demand staying weak, the debate continues on when Peak
Coal will occur
in China.
Coal supplies a third of all energy used worldwide and makes up 40 % of electricity generation, as well as playing a crucial role
in industries such as iron and steel.
Using blockchain tokens to record and exchange ownership of assets and rights is going to transform industries
in the same way electricity transformed
coal - powered factories; not to mention streamlining how information is shared across
supply chains.
By: Victor Moolman 21st October 2016 Mining equipment
supplier Tenova Takraf Africa is offering junior miners
in the surface mining industry a tailor - made package that will help new mining operations produce State - owned power utility Eskom - grade
coal.
One feature hindering investment
in both the NSW and Queensland
coal industries is the fragmented ownership of the
supply - chain assets; a large number of mines share mostly state - government - owned rail and port infrastructure.
Record high prices
in Asia have had several impacts, including providing economic incentive to bring on additional
supply, maintaining a continued reason to burn much cheaper
coal despite the negative environmental consequences and a search by consuming nations for secure
supply options.
Despite major shifts
in the industry and serious worries
in coal communities, today
coal still
supplies nearly 40 % of our electricity.
The power plant is one of the largest employers
in Colstrip and is located near a
coal mine, which
supplies it with fuel.
Prophecy Resource (TSX.V: PCY) has begun production of its first 10,000 tonnes of
coal as a trial run of
supply to be taken by rail to electric power stations
in Darkhan and Erdenet, Mongolia's second and third largest cities after the capital, Ulaanbaatar.
The recent annual contract negotiations between
suppliers and Japanese steelmakers for iron ore delivered price increases of nearly 20 per cent
in US dollar terms, with significant increases expected
in contract negotiations for
coal over coming months.
Landau Colliery is one of Anglo American's thermal
coal mines that
supplies coal to power stations
in South Africa and for export.
If successful, it is likely to eventually displace
coal from the UK's energy
supply, and make more gas available to do the same elsewhere
in the world, which has major environmental benefits.
«He's targeting the largest share of
coal production from an energy source that provides the largest share of U.S. electricity even now — removing
coal will create a far less diverse energy
supply and damages economies
in coal states.»
Yet another recommendation from the institute is to set up global
coal futures trading centers
in coastal cities like Shanghai to ensure long - term
supply of
coal and ease
supply bottlenecks.
With consumption growing, oil
supplies tight, and the world
in a warming trend, the search is on for better energy sources — clean
coal, safe nuclear reactors, and more far - reaching ideas like artificial photosynthesis.
Getting energy directly from this year's plant crop,
in the form of biofuels, is cleaner and more efficient than getting it from
coal or oil, but Dukes found that if we tried to
supply current worldwide energy demand entirely from biofuels, it would consume at least 22 percent of the production of all land - based plants annually.
But if we decide to «opt
in» and develop a strategy to achieve a secure, diverse energy future incorporating the undoubted strengths of the marketplace, we could sleep secure
in our beds knowing that disruption of gas, oil or even
coal supplies are not going to leave us
in the dark.
Even
in parts of the country where
coal makes up most of the electricity
supply, EVs produce the same amount of greenhouse gases as the best gasoline - powered nonhybrid vehicles that get about 33 mpg.
«However, reduced
supply diversity
in China during the 1990s will not recover until after 2020s due to the long - term
coal lock -
in that can threaten to hold China's back from realising its full potential.
Before 10,000 gallons of an obscure
coal - processing chemical spilled into the Elk River near Charleston, W.Va.,
in January and contaminated water
supplies for more than 300,000 residents, few people knew crude MCHM existed.
Despite a rise
in clean, renewable energy
supplies in certain countries, and a partial shift from
coal to natural gas
in others, global greenhouse gas pollution continues to rise — and at an increasing pace
in the most recent years.
Study author, Dr Wendy Timms, also from CWI, says: «This is particularly important
in the southern Sydney basin where six underground
coal mines operate within the Sydney water
supply catchment, and underneath wetlands and sensitive ecosystems.
By Agnieszka Barteczko and Henning Gloystein WARSAW / LONDON (Reuters)- Poland, one of the heaviest polluters
in Europe, will become even dirtier now that its shale gas ambitions have faded and it turns to cheap domestic lignite
coal to secure its energy
supply.
Big changes will be necessary whatever happens, as oil and natural gas
supplies dwindle, though
coal is still available
in huge quantities.
A 2009 research paper published
in the journal Energy Procedia predicts that even if China achieves its 2030 target of energy efficiency improvement and clean energy use, more than half of its power
supply will still come from
coal.
Part of the reason for the lock -
in is the vast infrastructure dedicated to sustaining the
supply of
coal, oil and gas.
In a greenhouse - like lab, carbon dioxide captured from a nearby
coal - fired power plant flows into hundreds of tubes and becomes an essential food
supply for microalgae.
If a
coal - burning power plant has several choices
in buying
coal from many nearby mines, it can easily avoid contract disputes with its nearest
coal supplier by reaching out to alternative mines.
«The next step would be to make petroleum out of
coal, much like the Nazis did
in World War II when their
supply was cut off.
Flooding has disrupted production
in two mines
supplying major
coal - fired power plants.
Work towards efficiency measures and renewable power is advancing, but not at the pace that could easily handle the time frame
in which
coal supplies may become constrained.
Among Freeman's specific recommendations are a «20 percent federal tax credit to electricity and natural gas utilities that gives highest priority to the efficient use of the energy they
supply,» and ban on new
coal or nuclear plants and retirement of the existing plants within the next 30 years, government - funded demonstration plants for Big Solar and hydrogen, increasing federal fuel economy standards one mile - per - gallon a year over the next 24 years, tax credits for plug -
in hybrids or flex - fuel vehicles, and an excess - profits tax on oil to fund the tax credits.
The World Energy Outlook 2016, released last week, is just one among an increasing line of studies showing how nations need to slow and, ultimately, phase out investment
in new fossil fuel
supply infrastructure — from oil fields and pipelines to
coal mines — if they are serious about keeping warming to 2C or less.
«The methodology can not be used to infer anything about the direct impacts of specific policies, such as power plant emissions limits or renewable portfolio standards, or the effect that changes
in relative prices may have on fuel choice, such as the impact of the change
in supply or price of natural gas or renewables may have had on the competitiveness of
coal.
This split drove a huge rally
in coal prices, with
supply and demand out of balance.
Possible agents include nuclear radiation and fallout, chemicals used
in dry cleaning and other cleaning
supplies, benzene,
coal tar and its derivatives, asbestos, arsenic, PVC, gasoline and petroleum products and other hydrocarbons, pesticides, cosmetic chemicals, and many others.
Endlessly cold, with diminishing rations, 126 men fight to survive with poisonous food, a dwindling
supply of
coal, and ships buckling
in the grip of crushing ice.
During WWI Norway remained neutral while aiding Britain by delivering
supplies via their substantial merchant navy (
in return Britain
supplied Norway with
coal).
More likely though, is that commodities that are
in short
supply globally would rise, like
coal, steel, oil, gold, rare minerals, etc., and only after a while, would housing prices rise, as nominal incomes become large enough, and household formation great enough for the excess
supply to disappear.
Zamzows began as a
coal and feed store
in 1933, adding lawn and garden
supplies to its assortment
in the 1970s as the
coal business started to slow and Boise became more urban.