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Cambodia Orders New Coal-fired Power Plant

Toshiba Plant Systems and Services Corp. (TPSC) landed a contract to construct a 150-megawatt coal-fired power plant in Preah Sihanouk province, which would be Cambodia’s third coal-fired power plant. TPSC will build the turnkey power plant for Cambodian Energy II Co. Ltd. (CEL2). Construction should be completed by late 2019.

Chinese Miners Benefit From Improving Coal Prices

Some listed coal companies in Shanxi province, the country’s largest coal production base, expect to see profits grow, thanks to rising coal prices resulting from the nationwide capacity reduction campaign, according to China Daily. Shanxi Lu’an Environmental Energy Development Co. Ltd. said in a public filing that it expected to make a net profit between 680 million yuan ($99 million) and 950 million yuan last year, up from 103 million yuan in 2015. Lu’an said the earnings hike was due to sharply rising coal prices in the second half of last year.

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Conuma to Restart Willow Creek in Canada

Encouraged by its early success in reopening two British Columbia metallurgical/PCI coal mines acquired from bankrupt Walter Canada last year, Conuma Coal Resources Ltd. is preparing to restart a third mine, Willow Creek, in July, a move that could boost the company’s 2017 output to approximately 4 million tons in the western Canadian province. Conuma, a subsidiary of West Virginia-based ERP Compliant Fuels, resumed surface mining at the Brule mine in the Tumbler Ridge area of British Columbia soon after Brule, along with the Wolverine and Willow Creek surface mines, were acquired from Walter in September 2016.

Mark Bartkoski, Conuma’s president, said in February that the company is pleased with results so far from Brule and Wolverine, which also resumed producing coal late last year. In particular, he praised the productivity at Brule and Wolverine. Brule and Wolverine are targeted to produce about 2.4 million and 1.3 million tons of coal, respectively, in 2017.

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Drummond Posts Record Year in Coal Exports

With a 10% increase in production and a 16% increase in exports as compared to 2015, reaching 28.4 million and 32.6 million tons, respectively, Drummond Ltd. ended 2016 with record numbers. The company cited its investment in state-of-the-art technology at its operations in Colombia, generating operational efficiencies at its mines and the port, and developing initiatives aimed at mitigating its environmental impact as well promoting “exemplary compensation projects.”

“In a complex international market and with the challenges presented by the local economic environment, it is very gratifying for the company to show record numbers for its exports and to have Colombian coal reach 24 countries in 2016,” said José Miguel Linares, president of Drummond Ltd. “This achievement reaffirms our commitment to sustainable, properly performed mining.”

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WORLD NEWS - November 2016

North Korea Rejects UN Sanctions on Coal Exports • Alberta Proposes Deal to Close Coal-fired Power Plants • Canada’s Government Tells Provinces to Phase Out Coal • 
China Stands Firm on Cutting Excess Steel, Coal Capacity • Japanese Partner With Tata on AI for Coal-fired Power  Japanese Partner With Tata on AI for Coal-fired Power • Anglo Completes Sale of Callide Mine in Australia • Dwindling Demand, Surplus Force India<br />to Defer Coal Block Auction

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