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Monday, 25 August 14
COAL CEOS: DEMISE OF COAL 'EXAGGERATED' - MARK WILCOX
By Mark Wilcox
Heads of some of the largest coal companies in Wyoming are saying the demise of coal has been exaggerated, though the industry definitely has some hills to climb.
At the Rocky Mountain Energy and Infrastructure Summit yesterday in Jackson, Gov. Matt Mead sat on a panel with bigwigs from some of the largest coal companies in the nation: Arch Coal, Cloud Peak Energy, Peabody Energy and Alpha Coal West to talk about the fate of the oft-controversial fossil fuel. In the next three years, about 60 gigawatts of coal-fired power plants are shutting down in the U.S., or about 20 percent of domestic capacity, according to John Eaves, CEO of Arch Coal.
“We do have some headwinds,” Eaves said. One of those headwinds is cheap and abundant natural gas, which also releases 50 percent less greenhouse gas emissions than coal according to American Gas Association Chairman Gregg Kantor. Eaves said coal has lost a lot of market share to natural gas as utilities switch to the abundant, cleaner fuel, but that hasn’t created hard feelings.
“We’re not against gas,” Eaves said. “We’re for all fuels, but we need a balanced portfolio.”
Still, Powder River Basin coal is more insular, and Eaves said natural gas prices would have to drop below $3 per mmbtu to really impact the PRB coal market. And that’s something he said he doesn’t foresee happening for a sustained period despite dramatic price drops below $2 in 2012 that forced budget cuts in state government.
Many lawmakers in the U.S. Environmental Protection Agency are proposing rules that continue to target coal, leading many to say the current administration is fighting a “war on coal.” Eaves said about 20 states, including Wyoming, are pushing back against the proposed rules.
“There is going to be a lot of litigation with these proposed rules,” Eaves said.
Gov. Matt Mead said that from a policy position, the rules are a horrible way to tackle the problem that ignores technological strides forward coal has made in terms of emissions and tries to artificially cull coal from the market.
“We didn’t change from the candle to the light bulb because someone said we're going to put a lot of regulations on candles,” Mead said.
He said government, instead of regulating coal out of the markets, should look to improve its use with innovations that turn the slipstream of coal from a liability to an asset. In the end, Mead said he thinks “good sense will prevail” when it comes to coal, and that the resource isn’t dead as many have proclaimed it.
Mead said in a brief interview that he had met with U.S. Secretary of Energy Ernest Moniz early Thursday morning to encourage more participation in coal solutions that don’t require regulating coal with strangleholds. According to Mead, the meeting went well.
This article was originally published in Wyoming Business Report
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Monday, 15 September 14
CFR SOUTH CHINA COAL SWAP GAINED DAY ON DAY AND WEEK ON WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 2.30 (-3.36%) month over month, but increased day on day a ...
Sunday, 14 September 14
FREIGHT RATES RALLY AS DEMAND INCREASED
COALspot.com: The Baltic Dry Index (BDI) is a number (in US$) issued daily by the London-based Baltic Exchange up 2.25 percent week on week. BDI cl ...
Friday, 12 September 14
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 673.3 MMST, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
Thursday, 11 September 14
THE PANAMAX MARKET IS TAKING A BREATHER - FEARNLEYS
Handy
We have experienced more activity in both hemispheres this week, said Fearnleys in this week's weekly report.
"We see rates c ...
Wednesday, 10 September 14
ARE GREEK BANKS ON THE VERGE TO START LENDING AGAIN? - JOHN N. COTZIAS
It is well known that Greek Banks had suffered severely after the economic crisis of 2008. From that period onwards, major changes have occur ...
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- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- White Energy Company Limited
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
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