Engineering & Mining Journal

APR 2018

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

Issue link:

Contents of this Issue


Page 37 of 91

NEWS - THIS MONTH IN COAL 36 E&MJ • APRIL 2018 Scan for more information will be needed for decades to supplement the green power that's taking a bigger role at utilities from Germany to Britain. "The media bubble around clean ener- gy doesn't reflect reality," said Alan Svobo- da, an executive director of Seven Energy, the utility and lignite miner owned by Tyk- ac. "Our fundamental assumption is that these conventional assets will be needed in the near future to balance the grids." As Europe continues to embrace re- newable power, Tykac and his group be- lieve fossil-fuel plants will still be needed to make up the shortfall in generation when the sun does not shine or the weather is calm. This situation may last another two decades, especially after Ger- many shuts all its nuclear power plants by 2022, Svoboda said in an interview. Tykac, the Czech Republic's sixth-rich- est person, owns Seven Energy, which op- erates a 500-megawatt coal-fired plant, lignite mining operations and a 25-strong trading team that buys and sells com- modities in Germany and other western European markets. After losing a bid for the German lig- nite assets of Swedish utility Vattenfall AB in 2016, Tykac is looking at poten- tial acquisition targets in countries from Germany to the U.K. and Italy. The aim is to close the first deal before the end of the year, Svoboda said, without disclosing specific targets. Conuma Coal Reopening Willow Creek in British Columbia Conuma Coal Resources, a subsidiary of West Virginia-based ERP Compliant Fu- els, announced it will reopen the Willow Creek mine near Chetwynd, British Co- lumbia, Canada. The mine last operated between 2010 and 2013 when it was owned by Western Coal. Walter Energy purchased the mine and two others (Brule and Wolverine) and then idled them in 2014. Conuma Coal purchased the mines in 2016 and reopened the Wolverine and Brule mines last year. Indonesian President Caps Domestic Coal Prices Indonesian President Joko Widodo has signed a government regulation autho- rizing the energy and mineral resources minister to set the price of coal for the domestic market, Reuters reported. Coal and Minerals Director-General Bambang Gatot told parliament, "Further details on the pricing plan will be outlined in a ministerial decree expected to be an- nounced soon." Government officials said Indonesia plans to keep electricity tariffs and fuel prices unchanged this year and the next by increasing subsidies. Indonesian do- mestic media reported that the energy ministry has agreed to set prices at $70/ metric ton (mt). Indonesian Coal Bench- mark Price was set at $101.86/mt for March, its highest since May 2012. The government has been working on plans to regulate domestic coal prices since late 2017, and the discussions have impact- ed some coal miners' share prices. Hwange to Revive Coke Oven Battery in Zimbabwe Hwange Colliery Co. Ltd. (HCCL) has in- vited bids from companies interested in rebuilding a coke oven battery that was decommissioned four years ago, accord- ing to Nehanda Radio. The company is looking for bids to either rebuild or for completely new construction of a recov- ery type coke oven battery, byproducts

Articles in this issue

Links on this page

Archives of this issue

view archives of Engineering & Mining Journal - APR 2018