(EnergyAsia, January 4 2013, Friday) — With the right policies and equipment, open-pit coal miners are learning to rehabilitate and upgrade affected land at marginal additional costs, creating new useful space for communities even if the landscape is not returned to their previous state, said the International Energy Agency (IEA). Open-pit mines have long been...
(EnergyAsia, January 3 2012, Thursday) — The Australian coal industry has hailed the launch of what it calls the country’s first “’clean coal” carbon capture plant. The A$200-million callide oxyfuel demonstration plant is said to trap greenhouse gas generated by CS Energy’s Callide A coal-fired power station in Biloela in central Queensland. (US$1=A$0.95). The Australian (more…)
(EnergyAsia, January 3 2013, Thursday) — China’s coal imports are set to surge this year on expectations of rising demand from a pair of government decisions that will stimulate demand for steel-making coal as well as remove the ceiling on domestic thermal coal prices. China is expected to step up the production of coke, a...
(EnergyAsia, January 3 2012, Thursday) — Vancouver, Canada-based Carbon Friendly Solutions Inc said its wholly-owned subsidiary, MicroCoal International Inc (MCI), has signed a binding letter of intent with two companies to build a coal-fired power plant in Indonesia, its first in Asia. MCI, Carbon 2 Power Ventures Inc, also of Vancouver, and PT Wijaya Tri (more…)
(EnergyAsia, January 3 2013, Thursday) — With its spot price down 29%, metallurgical coal is the worst performing bulk commodity for 2012, proclaimed Goldman Sachs in its last research report for the year. Spot demand remains weak and prices have failed to track the uplift in iron ore prices. But Goldman Sachs said current prices...
(EnergyAsia, January 2 2013, Wednesday) — Boosted by surging demand from China and India, coal will “come close” to surpassing oil as the world’s top energy source by 2017, said the International Energy Agency (IEA). In its annual Medium-Term Coal Market Report (MCMR), the Paris-based agency pinpointed China and India as the main source of...
(EnergyAsia, January 2 2013, Wednesday) — UK gas giant BG Group PLC said it has obtained a US$1.8 billion loan from the US Export-Import Bank to purchase the services of American companies for the construction of a liquefied natural gas (LNG) project in Australia’s Queensland state. The loan is part of the company’s attempt to (more…)
(EnergyAsia, January 2 2013, Wednesday) — The US Energy Information Administration (EIA) has boosted its forecast for world oil demand growth for 2013 while keeping it unchanged for 2012. In its December short-term energy outlook, the agency expects world demand for 2012 to grow by 750,000 b/d to reach 89.04 million b/d, just slightly off...
(EnergyAsia, January 2 2013, Wednesday) — The Singapore government has teamed up with private companies to jointly launch financing firm Clifford Capital to invest in infrastructure projects around the world. Owned by sovereign wealth fund Temasek Holdings (40.5%), DBS Bank (9.9%), Standard Chartered Bank (9.9%), Sumitomo Mitsui Banking Corp (9.9%), Prudential Assurance Company Singapore (19.9%)...