Business Report’s Post

New #coal mines could deliver zero royalties and a #methane headache for #Queensland. IEEFA Asia Pacific examined new coal mine proposals in Queensland, in light of recent coal mining financial performance figures, and found that: 💸 The Queensland government is banking heavily on #cokingcoal in the hope of extracting big royalties, but recent production figures suggesting a deceptively positive outlook for the sector. Swapping out the unit cost assumption made by the Baralaba South proponents with the actual unit cost of the Bluff mine or with typical industry cost increases experienced, would recast Baralaba South as loss making. There would be no royalty payments or taxes paid. 📈 New #mine expansions cast doubt on the government’s plans for a 75% cut in #emissionsreduction by 2035, given coalmine #fugitiveemissions have risen 36% from the 2005 baseline so far, and are likely to experience further increases from production growth and improved measurement. The 35% increase in the methane factor for open-cut coal mine #emissions has yet to be reflected in emissions statistics, and real emissions could be even higher. 👉 see estimated under-reporting by IEA: https://lnkd.in/gWUzYZ_4 Check out the latest analysis from Energy Finance Analyst Andrew Gorringe. 👉 Read more here https://lnkd.in/en-imxSA #Australia #exports #coal #mining #finance

NTPC has achieved a growth of 17.15 per cent in coal despatch from its captive mines during Q1 FY25, as compared to the corresponding period of the previous year. https://trib.al/KdHGD3e

Polish coking coal producer Jastrzebska Spolka Weglowa (JSW) has revised its 2024 coal production forecast to 12.45 million tonnes due to a longer-than-expected recovery from a mine fire and increased natural hazards. In July 2024, the company expected to produce 13.07 million tonnes of coal. In December 2023, the company declared force majeure after a fire at its KWK Pniowek mine. The company has failed to extinguish the fire and is unable to resume operations at longwall No. 10 this year. In addition, the increased intensity of associated natural hazards (methane, fire, water, rock fall, cave-in) and limited options for choosing preventive measures lead to slower use of longwalls, delays in their launch, and in extreme cases, the need to close them, which leads to the loss of some resources. The launch of the F3 longwall at Borynia-Zofiowka-Bzie coal mine was also delayed, while increased contamination of the extracted raw materials at KWK Pniowek limited the capacity of the concentrator. Read more here🔽 #GMKCenter #Ukraine #steelmakers #steel #Poland #EU #Europe #forecast #cokingcoal #coal #JSW #mining

As of January 4, 2024, the total coal production from captive and commercial coal mines between April 1, 2023 and December 31, 2023 was around 98 million tonnes (MT), with a 26% year-on-year growth from the same period in 2022-23. The total coal dispatch was 103 MT, a 32% year-on-year growth from the same period in 2022-23. The Ministry of Coal is committed to maintaining this momentum and achieving its production and dispatch targets 🤘

Analyst Comment: Australia’s Coal Industry Faces Growth, Pressures, and Declines by 2030. Australia’s coal production is set to rise by 2.8% in 2024 to 550 million tonnes, driven by mines like Ironbark No.1 and Olive Downs Complex. Thermal coal remains the majority output, but cost pressures, including rising royalties and emissions management expenses, loom large. From 2027, the closure of 24 mines, including Clermont and Yallourn, will lead to sharp declines. Read more: https://lnkd.in/gibkiZbt #MiningTrends #CoalProduction #EnergyTransition #AustraliaMining #MineAustralia #MiningTechnology #GlobalData

Coking coal mining, a key component in steel production, significantly contributes to greenhouse gas emissions due to its high methane release. According to the IEA, one ton of coking coal can release up to 5.6 tons of methane, a potent greenhouse gas. This translates to an additional carbon footprint of approximately 400 kgCO2eq per ton of coking coal, considering a 20-year global warming potential of 82.5 (IPCC). Given that steel production requires 770-800 kg of coking coal per ton of steel, Nippon Steel's continued reliance on Australian coking coal mines could increase its carbon footprint by an additional 300 kgCO2eq per ton of steel. This is beyond the direct emissions from using coking coal in the blast furnace, which typically range from 1.8 to 2 tCO2eq/ton of steel. The cumulative emissions from Nippon Steel's current strategy could reach between 2.1 and 2.3 tCO2eq per ton of steel. In a future where carbon restrictions are tightening, this approach puts Nippon Steel at significant risk. Instead of investing in high-quality DRI from regions with abundant renewable resources, such as Australia, Nippon Steel is potentially limiting its options and increasing its environmental liability. #climatechange #greensteel #industrialdecarbonisation https://lnkd.in/diURyfTJ

🌍 Key Developments in Australian Coal Mining in 2024 🌍 1. Increased Exports: Australia is set to export 172M metric tons of metallurgical coal in 2023-24, thanks to new mines in NSW and QLD. Yet, coal prices are expected to drop due to weaker demand from China. 2. Economic and Policy Shifts: China’s economic slowdown and competition from alternative energy sources are reducing global coal demand and prices. 3. Mine Reopening's: Mothballed mines like Dartbrook are being revived to meet sustained coal demand, despite the shift toward renewables. 4. Shift Back to Coal: Renewables alone can't support constant energy demand. Coal remains crucial for stability in regions where solar and wind are intermittent. 5. Energy Transition Uncertainty: The Australian government is pushing for renewable energy, but coal, especially for steel production, is still a key export, complicating long-term industry sustainability. 6. Global Market Impact: Coal demand from India and Japan remains strong, even as environmental regulations tighten. The energy landscape is evolving, but coal still plays a pivotal role in meeting global energy needs. ⚡💼 #CoalMining #EnergyTransition #Australia #MetallurgicalCoal #Sustainability #MiningIndustry #RenewableEnergy

Raw coal production in the Chinese province of Shanxi rose to 933.66 million tons over the first nine months of the year, Chinese media have reported, citing provincial authorities. Shanxi is China’s biggest coal-producing region, supplying 26.9% of the country’s total output of the energy commodity over the reporting period. In September alone, Shanxi's raw coal production hit 118 million tons, which was a monthly record for the year. China’s total coal output hit 414.46 million tons in September, which was up by 4.4% on the…

Coal India mines including private entities recorded coal output of 988 mt in 2024 "Coal production for this financial year reached 988.32 million tonnes (mt), an increase from 918.02 mt during the same period last year..." Read here-👇 https://lnkd.in/g2BHS9RF #CoalProduction #RecordGrowth #EnergySector #MiningIndustry #SustainableEnergy #CoalMinistry #EconomicDevelopment #ResourceManagement #EnergyDemand #FutureOfEnergy Ministry of Coal, Government of India Coal India Limited

Additional Secretary and Nominated Authority, Ministry of Coal, M. Nagaraju, chaired a crucial meeting to review the status of operational and nearly operational captive and commercial coal mines, signaling the government's intensified efforts to boost domestic coal production. Story by Saurav Anand Ministry of Coal - Official | #CoalProduction #DomesticCoal #CoalMines #EnergySector #MiningIndustry #CoalTargets #IndiaEnergy #RegulatoryClearance