CA-Black-Transp

Preliminary Engineering Design Work Starts for Crown Mountain Coking Coal Project in Canada

Jameson Resources has authorized preliminary design engineering for the Crown Mountain Coking Coal project. Spoil and refuse disposal techniques are an important component of open-pit mining, as they affect many facets of the environment including wildlife habitat, water quality and aquatic life. Jameson has selected two leading expert firms in this subject. SRK Consulting of Vancouver, British Columbia, and Enviromin Inc. of Bozeman, Montana, will team with SRK. Jameson said Enviromin has particularly valuable skills regarding successful mitigation of water quality issues related to selenium associated with open-pit mining.

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Poles Reform Coal Sector

The Polish government plans to organize its coal mines into three large regional groups (Gornoslaska, Malopolska and Wschodnia), which entails further reshuffling at state coal companies, the daily Puls Biznesu wrote, calling out major elements of the coal sector program to 2030 presented June 26. The first group will comprise PGG and Bobrek-Piekary mine from Weglokoks, the second will cover listed power group Tauron’s mining unit Wydobycie, and the third will be Enea’s listed coal mining unit, Bogdanka. Coking coal miner JSW will form the fourth, coal-and-coke group.

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Losses May Spur Shanxi Coal Recast

Mergers or restructuring will dominate the coal industry in the northern province of Shanxi after three major mining groups reported first-quarter losses, China Daily reported. Out of the seven leading companies in the sector, Datong Coal Mine Group, Lu’an Group and Shanxi Coking Coal Group have struggled to balance their books, despite the rebound in coal prices. Industry insiders now expect a series of mergers or restructuring to solve debt problems that are “extremely high” in these key players.

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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 generation company, NTPC Ltd. Even with India reiterating its commitment to the Paris climate accord in wake of President Donald Trump’s administration pulling out of it, NTPC is forging ahead to become the country’s second largest coal miner after Coal India Ltd. with plans for mega-buck investments in new coal-fired thermal power plants. Having made a mark as a coal producer from its captive coal mines in the current fiscal year, NTPC Ltd. aims to achieve coal production of 107 million metric tons per year (mtpy) over the next few years.

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Rio Tinto’s Coal Deal Cements Ties With China

Rio Tinto has tightened ties with China after selling its Australian coal assets to state-backed Yankuang Group for $2.69 billion, China Daily reported. “Instead of a simple deal between two companies in the coal sector, it shows Rio Tinto is hoping to expand its Chinese iron ore market,” said Mi Pengqi, an analyst at JLC Network Technology Co. Ltd., a commodity information provider based in Beijing.

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