CA-Black-Transp

Sunrise Coal Gets Approval for Oaktown Mine Shaft

Sunrise Coal, a subsidiary of Hallador Energy LLC, will begin construction on a new $5 million mine shaft to reduce underground travel time for more than 100 employees of its Oaktown underground mining complex in Knox County, Indiana, to reach the working face. It received final approval in November from the Knox County Planning Commission.

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Canada’s Government Tells Provinces to Phase Out Coal

Ottawa plans to phase out coal-fired power ahead of schedule, which primarily includes Nova Scotia, New Brunswick and Saskatchewan, according to the Financial Times. Federal Environment and Climate Change Minister Catherine McKenna announced that coal-fired power plants in the country now must shut down or install technology to eliminate their emissions by 2030.The goal is to move Canada’s electric grids toward 90% renewable or non-emitting sources by 2030, up from 80% now. Ottawa’s move follows a similar plan in Alberta, announced last year by the province.

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Alberta Proposes Deal to Close Coal-fired Power Plants

The Alberta government might pay three coal power producers more than $1 billion over the next 14 years to compensate them for shutting down their plants early as part of its climate change agenda, the Calgary Herald reported. The province is nearing the end of negotiations over contract disputes that led to a controversial lawsuit, reaching three agreements with companies, two of which are tentative. Talks with a fourth player, Calgary-based public utility Enmax, are ongoing.

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North Korea Rejects UN Sanctions on Coal Exports

The United Nations Security Council has unanimously imposed sanctions on North Korea, placing a cap on the country’s coal exports in response to its nuclear tests. The new resolution demands that North Korea “abandon all nuclear weapons and existing nuclear programs” and takes aim at the state’s exports of coal, its top external revenue source. Under Resolution 2321, North Korea will be restricted from exporting more than 7.5 million metric tons (mt) of coal next year, a 62% reduction from 2015.

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Anglo Agrees to Sell Share in Exxaro

Anglo American has agreed to sell its 35 million ordinary shares, representing a 9.7% interest. Main Street 333 Proprietary Ltd. has agreed to sell approximately 17 million ordinary shares in Exxaro Resources Ltd. at a price of ZAR87 per share.

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