Engineering & Mining Journal

AUG 2017

Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr

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Page 23 of 99

NEWS - CONTINUED 22 E&MJ • AUGUST 2017 AUGUST 29-31, 2017: AIMEX, Asia-Pacific's International Mining Exhibition, Sydney Showground, Sydney, Australia. Contact: Web: SEPTEMBER 6-7, 2017: Mining Electrical Maintenance Safety Associ- ation (MEMSA), Sheraton Sand Key, Clearwater Beach, Florida, USA. Contact: Web: SEPTEMBER 6-8, 2017: InterDrone 2017, Las Vegas, Nevada, USA. Contact: Web: SEPTEMBER 18-21, 2017: Exposibram 2017, Belo Horizonte, Minas Gerais, Brazil. Contact: Web: SEPTEMBER 18-22, 2017: Perumin 33 Convencion Minera, Arequipa, Peru. Contact: Web: SEPTEMBER 23, 2017: National Mining Hall of Fame 30 th Annual Induction Banquet and Ceremony, the Pinnacle Club, Grand Hyatt, Denver, Colora- do, USA. Contact: Francine Webber, events manager; Tel: 719-486-1229; Email: SEPTEMBER 24-27, 2017: Solution Mining Research Institute (SMRI) Fall Technical Conference with optional technical class on "Well Integrity Management" (class subject will be repeat of spring 2017), Münster, Germany. Contact: John Voigt; Tel: +1 570 585 8092; Email:; Web: OCTOBER 18-21, 2017: The 6 th International Congress of Mining Ma- chinery and Technologies, Izmir, Turkey. Contact: TMMOB Chamber of Mining Engineers of Turkey; Web: OCTOBER 23-28, 2017: XXXII Convención Internacional de Minería 2017, Guadalajara, Jalisco, Mexico. Contact: DECEMBER 3-8, 2017: American Exploration & Mining Association's Annual Meeting and Exposition, Reno, Nevada, USA. Contact: Web: JANUARY 28-31, 2018: 44 th Annual Conference on Explosives and Blast- ing Technique, San Antonio, Texas, USA. Contact: Web: FEBRUARY 25-28, 2018: 2018 Society for Mining, Metallurgy and Explo- ration (SME) Annual Conference & Expo, Minneapolis, Minnesota, USA. Contact: Web: MARCH 4-7, 2018: Prospectors & Developers Association of Canada's annual meeting, Metro Toronto Convention Centre, Toronto, Canada. Contact: Web: APRIL 23-27, 2018: Expomin 2018 Espacio Riesco, Santiago, Chile. Contact: Web: NEWS - CALENDAR OF EVENTS dent and CFO of the company. After the separation, Nick DeIuliis will serve as the president and CEO of the E&P business and Rush will serve as the executive vice president and CFO of the E&P business. The Form 10 also contemplates that the coal business will operate under the name CONSOL Energy Inc. after the spin-off, and that the E&P company will operate under a new name that will be announced at a later date. The spin-off remains subject to certain conditions, including obtaining final ap- proval from the board of directors and the SEC declaring the Form 10 effective. India's Utility NTPC Bets Big on Coal Contrary to the government's avowed policy, coal will continue to remain the mainstay of India's largest power gener- ation company, NTPC Ltd. The company is forging ahead to become the country's second largest coal miner after Coal India Ltd. with plans for large investments in new coal-fired thermal power plants. Having made a mark as a coal pro- ducer from its captive coal mines in the current fiscal year, NTPC Ltd. aims to achieve coal production of 107 million metric tons per year (mt/y) over the next few years. In tandem, the power utility is plan- ning to invest $10 billion on constructing three new coal-fired thermal plants with aggregate generating capacity of 5 giga- watts (GW), although officials said this investment was yet to be approved by the government and NTPC board of directors. NTPC was allocated 10 new coal blocks under the government's prefer- ential allotment dispensation for gov- ernment-owned companies. With an es- timated coal reserve of 7.3 billion tons of coal in the 10 allotted captive mines, NTPC commenced its own coal produc- tion in the current fiscal year, targeting to extract 3 million tons by March 31, 2018, and ramp this up to 107 million tons over the next five years as more greenfield captive mines progressively get into production. "Coal mining has become integral to NTPC's fuel security strategy," officials said. "Reliance on coal will go a long way in ensuring sustainable growth of generation." The three planned coal-fired plants would be double that of the combined capacity of older plants that NTPC planned to mothball over the next few years owing to the plants completing their lifecycle. NTPC's mining and generation expan- sion plans were significant against the backdrop of regulator Central Electricity Authority's forecast that operational ther- mal power plants and projects already under construction would be sufficient to meet India's projected power demand until 2027 given slow growth in power de- mand at 5%. However, analysts observed that ratio- nale of NTPC's expansion was not mis- placed as the slow demand for power was only a short-term trend considering that 300 million of India's population was still not connected by a power grid. And the additional demand from unconnect- ed households coupled with industrial growth could not be met through ramping up renewable generation capacity, and reliance on coal would continue in the foreseeable future. NTPC currently operates 20 coal- based thermal power plants with aggre- gate generation capacity of 38,755 MW. Its strategic plan includes a generation target of 128,000 MW by 2030. (News-This Month In Coal - from p. 20)

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