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Australia Deals With Prolonged Power Outages Left By Retired Coal Plants
July 14, 2017
Australia’s electricity shortages should be a warning sign to the U.S. to avoid relying too heavily on green energy sources like wind and solar while mass exporting natural gas, according to a Monday report from The Wall Street Journal. Australia’s
Harsco Signs Ten Year, $60 Million Mill Services Contract with Egyptian Steel
July 13, 2017
Harsco Corporation’s Metals & Minerals division has signed a new, ten year mill services contract with Egyptian Steel, the manufacturer of rebar, wire rods and billets in the Middle East and North Africa. The contract, valued at approximately $60 million
Barrick and Shandong Complete Formation of Joint Venture at Veladero Mine, Argentina
July 12, 2017
Barrick Gold Corporation has completed the sale of a 50 percent interest in the Veladero Mine in San Juan province, Argentina to Shandong Gold Mining Co., Ltd, for $960 million. The formation of a 50/50 joint venture at Veladero is
Banro Resumes Operations at Namoya Mine, DRC
July 12, 2017
Banro Corporation took precautionary measures to evacuate staff from the Namoya Mine on a temporary basis on July 3. Staff have now returned to Namoya and mining operations have resumed. On July 3, a convoy of 23 trucks belonging to
JSW Looks to Grab Maximum Coal Blocks in Ongoing Auction
July 11, 2017
To secure raw material for its operations, domestic steel giant JSW Steel looks to grab maximum number of coal blocks out of six being auctioned for the iron and steel sector. The e-auction of six coal blocks, of which five
Shanxi Coal Firms to Speed Up Restructuring After Losses
July 11, 2017
Major coal companies in North China’s Shanxi Province are expected to speed up their merger and restructuring process, after all three major producers in the province reported losses in the first quarter, despite a recovery in prices, according to media
Niti Aayog Promotes Methanol-from-Coal to Cut Down LPG Import Bill
July 11, 2017
The government is promoting coal gasification to convert high ash coal into methanol that can be used as cooking gas, with an aim to cut down dependence on West Asian countries for LPG imports, Niti Aayog member V K Saraswat
Wollongong Coal Looks to Extend Mining at Russell Vale for Five More Years, Australia
July 11, 2017
Wollongong Coal wants permission to mine at Russell Vale for five more years and has started a limited kind of community consultation about its revised plans. But the residents who were invited to a recent meeting in Corrimal were shocked
GE and YPF Secure $220 Million Project Financing for Argentine Thermal Power Plants
July 11, 2017
GE Energy Financial Services and YPF Energía Eléctrica subsidiary YPF have secured nearly $220m project financing for two jointly owned Argentine thermal power projects having a combined capacity of 374MW. The funding for the 267MW Tucumán and 107MW Loma Campana
Eskom Secures $1.5 Billion Loan from China Development Bank for Medupi Power Plant Development
July 11, 2017
South African electric utility company Eskom has signed a $1.5bn (R19.6bn) loan agreement with the China Development Bank for Medupi Power Plant. The signing ceremony was conducted at Eskom’s head office Megawatt Park in Sunninghill, Johannesburg. The facility will be
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