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 JSW Steel Restarts Coking Coal Mining in US

JSW Steel has restarted coking coal mining in the US after a gap of almost three years. Operations in the mines located in West Virginia were suspended after coking coal prices dropped below production cost.

The recent rise in coking coal prices has made it viable for the company to restart production. Though JSW Steel will not import the coking coal produced in the US to India it will provide a financial hedge as it will be sold in the open market.

JSW Steel's Texas Facility

Seshagiri Rao, Joint Managing Director, JSW Steel, told BusinessLine that the US coking coal mine has started production and the plan is to ramp up production from 2.40 lakh tonne per annum to one million tonnes gradually.

Uptrend in Price

Coking coal prices have increased to $200 a tonne from $76 in the last few years. With a strong demand and disruption in supply due to logistics issues there are no chances of it coming down any sooner, he added.

JSW Steel had invested $35 million to set up a prep plant (washery) with a capacity of 2.4 mtpa near the coal mine.

Going ahead, Rao said JSW would source raw coal produced by small miners in the neighbourhood wash it at the prep plant and sell it in the open market to reach the one-million-tonne target.

To continue reading, click here to view the full article on CoalZoom.com. 

CoalZoom.com - Your Foremost Source for Coal News 

 

Contura, Alpha File Merger Paperwork With SEC

The severed components that formerly comprised Alpha Natural Resources took another step Monday toward reuniting.

Contura Energy, ANR Inc., and Alpha Natural Resources holdings jointly announced filing a registration statement Form S-4 with the U.S. Securities and Exchange Commission. The confidential filing deals with details of the previously announced proposed merger between the companies, which now operate at separate locations in Bristol, Tennessee.

“This initial submission is preliminary,” according to a joint written statement. “A revised Form S-4, including a joint proxy statement for the Alpha special meetings and prospectus, containing updated information will be filed and available on the SEC’s website prior to any vote by Alpha stockholders on the proposed transaction.”

The three firms were established in 2016 as part of Alpha’s federal bankruptcy proceeding.

Completing the merger is subject to compliance with the Hart-Scott-Rodino Antitrust Improvements Act. Both Contura and Alpha received early termination of the applicable waiting period under the HSR Act on July 2, according to the statemen

To continue reading, click here to view the full article on CoalZoom.com. 

CoalZoom.com - Your Foremost Source for Coal News 

 

 World Coal Association - Coal to Remain a Significant Energy Source for Decades

Coal will remain a vital growth enabler and source of energy for decades to come, says World Coal Association CEO Benjamin Sporton.

Benjamin Sporton

He notes that demand for coal will remain stable to positive, as a result of increased industrialization and electrification, especially in Africa and South-East Asia.

“Coal currently provides about 37% of the world’s electricity . . . a figure that hasn’t really changed substantially over the past 20 years . . .”

Sporton notes that, about 20 years ago, coal provided about 40% of the world’s electricity, and has more or less maintained that level, even amid the increasing implementation of renewables, making coal “still a fundamental part of the world’s energy mix”.

The International Energy Agency says that, based on all government policies in place currently, coal will still account for about 27% of the world’s electricity supply by 2040. Moreover, despite a dip in its share of the energy market, coal-based electricity supply is expected to increase by about 9% by 2040, because of increased electrification and growth, as well as industrialization, in South-East Asia.

“Coal will actually be the single largest energy source in 2040.”

Sporton says that, in Europe and North America, there has been a decline in coal-based electricity supply, largely because of the increased implementation of renewables, driven by the policy imperatives of the European Union and increased competition from shale gas in the US.

“That’s been more than offset by demand for coal and coal-fired electricity in Asia, meaning anywhere from Pakistan to Japan.” Sporton notes that, while demand from China has plateaued, coal demand is increasing in India and the South-East Asia region.

To continue reading, click here to view the full article on CoalZoom.com. 

CoalZoom.com - Your Foremost Source for Coal News 

 

Climate Science is Not Settled

Is there a more self-contradictory term than "settled science?"

Science should always be open to challenge and investigation. The scientific method demands that conclusions must follow facts.  We must never adjust the facts to suit a conclusion. 

Sadly, this is not always the case.

We posted an article at CFACT.org which highlights how "Stanford University medical professor John Ioannidis, in an interview with Agence France Presse (AFP), blew the lid off the trustworthiness of the peer-review process." 

[W]hen studies are replicated, they rarely come up with the same results. Only a third of the 100 studies published in three top psychology journals could be successfully replicated in a large 2015 test,” AFP reported, summarizing Ioannidis’ findings...

According to Ioannidis, the peer-review process guarantees little in terms of trustworthiness even before political agendas compromise the issue.

To continue reading, click here to view the full article on CoalZoom.com. 

CoalZoom.com - Your Foremost Source for Coal News

 

 Ramaco Seeks to Develop Unique Platform

Ramaco Carbon's CEO said the company has tried over the past few years to develop a pretty unique integrated platform.

Randall Atkins made the statement in closing remarks Thursday as Ramaco's three-day Research Rodeo in Sheridan drew to an end.

Randall Atkins makes closing remarks

Representatives from more than a dozen industries and universities have been in Sheridan this week to hear about Ramaco's plans for facilities that will convert coal into products, and to talk about coal and related issues including the history of the mineral, carbon fiber manufacturing and coal-derived products.

To continue reading, click here to view the full article on CoalZoom.com. 

CoalZoom.com - Your Foremost Source for Coal News

 



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