More Mines To Shut As Coal Woes Deepen

More Mines To Shut As Coal Woes Deepen

Indian coal power faces long term headwinds

The surge of renewables and a retreat of coal power in the future will result in India achieving peak power sector carbon emissions in the next 15 years even without additional policies Carbon emissions are expected to go up by 29% from 2024 levels and peak in 2024 By 2024 emissions would be 22% lower than in 2024

China coal prices hit record high as floods add to supply woes

China s thermal coal prices surged to fresh record highs on Wednesday as recent floods in key coal producing province Shanxi worsened a supply crunch just as new efforts by Beijing to

South Africa orders Glencore to shut coal mine over job cuts Yahoo

By Zandi Shabalala JOHANNESBURG Reuters South Africa s mines minister has ordered Glencore to suspend all operations at a coal mine because of the way it planned to carry out job cuts The country s mining industry is battling sinking commodity prices rising costs and labour unrest Glencore announced in July it would cut 380 jobs at Optimum and shut part of the mine due to lower coal prices

Fighting the minerals petroleum coal complex s wealth and woes

Empowering activists and communities opposed to mining through information on global mining trends Fighting the minerals petroleum coal complex s wealth and woes Published by MAC on 2024 07 25 In six short months the South African city of Durban will host this year s Climate Change summit COP 17

China coal imports surge prices hit record as floods add to energy woes

China s coal imports surged 76% in September as power plants scrambled for fuel to ease a power crunch that is pushing domestic coal prices to record highs and disrupting business activity in the world s second largest economy Flooding in a key coal producing province has worsened the supply outlook with analysts expecting electricity shortages and rationing to continue into early next year

German aluminum smelter considers halving output on energy costs

Credit Speira GmbH Aluminum producer Speira GmbH is considering cutting production at its German smelter to 50% of total capacity in response to surging energy costs that are squeezing power

Intellasia East Asia News China coal prices hit record high as floods

China s thermal coal prices surged to fresh record highs on Wednesday as recent floods in a key coal producing province worsened a supply crunch just as new efforts by Beijing to liberalise power prices boosted demand from power generators Four mines with a combined annual output capacity of million tonnes remained shut a Shanxi

News Bringing Britain s Woes to America Heartland Institute

That s $31 an mcf more than six times the January 2024 Henry Hub price Just a month earlier the European day ahead gas price reached $61 per mcf No wonder 30 UK energy suppliers went bankrupt by the end of 2024 leaving families and businesses scrambling to find new suppliers at skyrocketing prices for heating and cooking

Coal mine closures need careful social engineering

The problem of coping with job losses and social dislocations created by such closures is only going to become worse with the International Energy Agency estimating that about 1m coal mining jobs

Global coal prices surge as Ukraine tensions worsen supply woes

Jan 28 2022According to commodity flows tracking firm Kpler Europe is on course to import million tonnes of thermal coal in January the highest monthly total since November 2024 and over 1 million

China s monthly coal output rises to highest since March 2024

BEIJING Reuters China s October coal output rose to the highest since at least March 2024 after Beijing approved a raft of coal mine expansions to tame record prices and boost supply The world s biggest producer and consumer of the dirty fossil fuel churned out million tonnes of coal last month up from million tonnes in

Canary in the coal mine Singapore woes ring trade alarm bells

Year on year growth came in at just percent the slowest pace since 2024 during the global financial crisis Singapore is the canary in the coal mine Song Seng Wun a regional economist with CIMB Private Banking told AFP And what it tells us is that it is a tough environment To warn of danger miners used to bring caged canaries

China reverts to its dirty coal ways Asia Times

Despite the green rhetoric China s coal consumption in 2024 was up not down by 1% over the previous year driven by stronger energy demand That marked the third consecutive annual rise in coal use The government is also permitting more domestic coal production with as much as 141 million tons worth greenlighted from January to June of

Coal Baron Digs a Deeper Hole HuffPost Impact

It found that while mining generated about $8 billion for Appalachia s economy between 1979 and 2024 the estimated cost of shortened life spans associated with coal operations in the region ranged from $18 billion to $84 billion Its conclusion The human cost of the Appalachian coal mining economy outweighs its economic benefits

Global coal prices surge as Ukraine tensions worsen supply woes

According to commodity flows tracking firm Kpler Europe is on course to import million tonnes of thermal coal in January the highest monthly total since November 2024 and over 1 million

Is Thar Coal a solution to Pakistan s long term energy woes

A more recent news update Dawn Dec 30 2024 reports that 660 MW of Thar coal power supply to the national grid is expected by December 2024 The total project investment comes to $

China s Power Problems Expose a Strategic Weakness

Oct 13 2021Flooding this autumn in Shanxi Province China s biggest hub for coal mining has forced the closing of at least a tenth of the province s mines With demand rising post pandemic prices jumped

China floods add to global energy price woes as coal mines forced to shut

Heavy rain and flooding in northern China has led to a record surge in coal prices after several of the country s coal mines have been forced to shut Thermal coal prices on the Zhengzhou

Global coal prices surge as Ukraine tensions worsen supply woes

While Europe s coal use has declined sharply in recent years accounting for just % of global coal use in 2024 according to BP data European buyers have aggressively stepped up purchases since mid 2024 Under pressure to meet climate targets several EU countries have shut down old coal fired power plants

The Coal Industry Is Expecting Another Wave of Fortune

The number of coal jobs bottomed out at about 48 800 in 2024 as Arch Coal Inc Peabody and other big miners worked their way through bankruptcy according to the Bureau of Labor Statistics

Thousands of coal workers lost jobs Where will they go

According to the Bureau of Labor Statistics there were close to 90 000 coal mining jobs in 2024 compared with 46 600 today In the last decade more than 300 coal fired power plants have retired eliminating coal related jobs in the power sector

China coal imports surge prices hit record as floods add to energy woes

Oct 13 2021Four mines with a combined annual output capacity of million tonnes remained shut a Shanxi official told a news conference yesterday The most active January Zhengzhou thermal coal futures touched a record of 1 640 yuan RM1 058 per tonne in trade today having surged almost three fold year to date

The Coal Industry Is Expecting Another Wave of Fortune

Cutbacks are already underway On Monday Peabody Energy Corp said it plans to close an Illinois mine and lay off about 225 workers Blackhawk Mining LLC idled four West Virginia mines last

China coal imports surge prices hit record as floods add to energy woes

Four mines with a combined annual output capacity of million tonnes remained shut a Shanxi official told a news conference on Tuesday The policy shift which is expected to spur more coal fired generation is the latest in a raft of measures designed to ease the power crunch that has forced several industry sectors in China to curb power

OPINION Destabilising coal usage in SA will cripple our economy EWN

South Africa has 16 coal fired power stations that account for 75% of the country s electricity generation Destabilising coal usage will result in power outages that have the potential to

Global coal prices surge as Ukraine tensions worsen supply woes MSN

CHENNAI Reuters Global coal prices have shot back towards record highs as the Ukraine crisis raises expectations that European buyers will start loading up on the fossil fuel for fear that a

Coal The World s Deadliest Source Of Energy

But a string of coal mining accidents this week has served as a stark reminder that coal also remains the world s most deadly source of energy In West Virginia two miners were killed on May 12

More Coal Mines Closed In 2 Years Under Trump Versus Total Closed Under

Generators said they plan to shut around 8 422 MW of coal fired power and 1 500 MW of nuclear in 2024 while adding 10 900 MW of wind 8 200 MW of solar and 7 500 MW of gas according to Reuters and EIA data The predictions come from estimates compiled by Thomson Reuters and Energy Information Administration data

How Alberta s Vista coal mine came back from the brink The Narwhal

Feb 12 2024 12 min read Coal mines around the world have contended with global swings in prices and an appetite for climate action One the Vista coal mine near Hinton Alta found itself on the brink of bankruptcy in 2024 and was forced to enter creditor protection Now it s back in operation after striking a deal to pay most creditors

Coal mine closures need careful social engineering

Decades later after a mine has shut down many coal dependent regions continue to lag socially and economically Large job losses in coal mining are already happening in China the world

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