Announcement

Showing posts with label China Coal Mining. Show all posts
Showing posts with label China Coal Mining. Show all posts

Tuesday, November 8, 2011

Coal extraction in Bangladesh from proven reserve unlikely within 2 yrs


Experts said that commercial extraction of the country's proven coal reserve is unlikely to start, at least within the next couple of years, despite the desperate national needs for use of this fossil fuel to generate electricity.

According to them, the government's target to generate 20,000 MW power by 2021 would be difficult to achieve without the use of coal, as the cost of petroleum oil as an alternative source of fuel for electricity generation, remains high.

A parliamentary standing committee on the ministry of energy recently made its recommendations in favour of open-pit mining for extraction of coal. However, the authorities concerned are still waiting for a detailed report from a newly-formed expert committee.


The 15 member expert committee, headed by former Petrobangla Chairman Mosharraf Hossain is expected to submit its detailed report, by February next.

However, a detailed study on various aspects including comparative problems and prospects of both open pit and underground mining, may take a longer time.

Bangladesh has five coal fields in the northern region, comprising Barapukuria, Phulbari, Khalaspur, Dighipara and Jamalganj with a total estimated reserve of more than 3.0 billion tonnes, officials of the ministry of power, energy, and mineral resources said.

The committee will consider the geological structure, depth, aquifer, financial and environmental impacts of the coalmines to recommend appropriate mining method for each of them, a senior energy ministry official said.

The committee will also estimate the expected financial loss to be faced by the people around the coalmines and subsequent compensation to be given to them by the government.

Prof. Mohammad Hussain Mansur chairman of Petrobangla told the FE that "To have details on various subjects and aspects, the committee may take more than the stipulated time.”

The Petrobangla chief said that "The authorities concerned will have to perform a huge task of removing and rehabilitating the affected people, even before the start of any mining operation.”

Prof. Mansur said that "Simultaneously, the authorities will also need to set up coal-fired power plants so that the extracted coal can be utilised; otherwise, there may be accidental fire causing an extensive damage.” He added that "Coal stocks often cause disasters by catching fire.”

He said preparations for coal mining, including rehabilitation of the affected people, setting up of power plants simultaneously, will be a tough task for an impoverished country like Bangladesh.

(Sourced from FE)

China may implement protective development of coking coal


It is reported that at the China Mining Congress & Expo 2011 held at November 6 to 8 in Tianjin Meijiang Convention and Exhibition Center, a market player has stated that China may implement protective development of coking coal.

China-based National Energy Administration is studying and

More News

Thursday, October 20, 2011

Chinese coal prices up by 2pct


China's raw coal prices edged up further last week, buoyed up by increased demand from coal consumers for winter use, the Ministry of Commerce was cited as saying.

The demand for the fuel has escalated as coal consumers try to stockpile ahead of a frosty winter. Power plants in South China also accelerated purchasing activity, which gave another push for the price hike. The price of lignite, soft coal and anthracite was up by 2.8%, 1.5% and 1.3% respectively.

Industry sources reported that the price of thermal coal produced in Shanxi province increased by 2.1% at Qinhuangdao port on October 14 compared with a week earlier.

Bohai-Rim Steam-Coal Price Index, or BSPI gained by CNY 10 to CNY 842 compared with the previous week. The weekly gauge tracks power-station coal prices at six major Chinese ports.

(Source: www.steelhome.cn/en)
China steel information centre and industry database

Zimbabwe Hwange Colliery plans to ship coal through Maputo


Bloomberg cited Mr Oliver Maponga Business Development Manager as saying that Hwange Colliery Ltd Zimbabwe largest coal miner plans to ship 30,000 to 50,000 tonnes of coal a month through Mozambique’s port of Maputo.

Mr Maponga said Hwange is in talks with port authorities after starting to use Mozambique central Beira port last year. The company which produces 400,000 tons of coal a month is studying markets in India China and Western Europe.

(Sourced from Reuters)

Why Baltic index edging higher


Reuters reported that the Baltic Exchange main sea freight index which tracks rates to ship dry commodities inched higher recently although a potential pullback in Chinese iron ore imports would put the put the brakes on a recent rally in the larger capsize market.

Brokers said the market was watching to see if weaker than expected Chinese economic data issued on Tuesday would signal a pullback in raw materials demand which would dent the dry freight market already struggling with a glut of vessels. The overall index rose 4 points to 2,140 points.

Mr Erik Nikolai Staveseth Arctic Securities analyst said "We still think rates in the Capesize segment will remain firm going forward. Imported iron ore prices are on the decline and rapidly coming in competition with lower grade domestic ore which will shift the pendulum towards imports."

Mr Jeffrey Landsberg managing director of dry bulk consultancy Commodore Research said a fall in Chinese s
eel prices this week could put pressure on Capesize rates. He said that "If prices continue to decrease and stockpiles stay high, near term Chinese steel production would remain likely to suffer a decline."

He added that "In addition, Chinese iron ore production has remained robust which is putting pressure on global iron ore prices and Chinese iron ore fixture volumes this week."

The recent dry freight market rally had been driven by firmer coal and iron exports from Australia and Brazil to China which boosted the larger Capesize market. Coal imports into Japan have also picked up. Manufacturing in Australia had been disrupted earlier this year by floods while Japanese industrial raw materials import demand had been affected by an earthquake in March that crippled a nuclear plant and threw Japan economy into disarray.

In August, the overall index which gauges the cost of shipping commodities including iron ore, coal and grain dropped to its lowest in more than three months after falling for 18 consecutive sessions. It has remained erratic and is still over 20% down from the same period last year.

(Sourced from Reuters)

Afferro Mining identifies significant iron ore target at Ntem in Cameroon


Shares in Afferro Mining said that it has identified a significant target within its Ntem iron ore permit in south west Cameroon.

Following interpretation of the latest airborne geophysical survey over the property, the company said it has identified a number of prospective targets at Ntem.

The strongest of these displays magnetic properties similar to those of the company projects in Putu in Liberia and Nkout in Cameroon. The target has a strike length of approximately two kilometres and is one kilometer wide.

Afferro said it will undertake a systematic geological exploration program leading to reconnaissance drilling in the first quarter of 2012.

Mr Luis da Silva CEO of Afferro Mining said "This latest interpretation is significant for the company in terms of strengthening our project portfolio and implementing our strategy in Cameroon, where we have already made considerable progress with our Nkout iron ore project.”

He said that “The Ntem project is located 80 kilometres from the coast and close to the same proposed railway infrastructure that the company's Nkout project is expected to use. We look forward to the results of the grab sampling and subsequent reconnaissance drilling in early 2012."

Read More

Newland Resources delivers maiden 150 million tonnes JORC Resource at Comet Ridge coal project


22 times viewed. Friday, 21 Oct 2011Newland Resources has reached its first major milestone for the Comet Ridge Project area in the Bowen Basin of Queensland with the release of a maiden JORC Resource of 150 million tonnes of coal.

Independent geologists, McElroy Bryan Geological Services prepared the JORC Resource Statement. The Resource has coking coal potential of 50 million tonnes of coal at depths less than 50 metres and subsequent drilling is expected to increase the Resource.

The Resource at the Comet Ridge Project is contained in the Fair Hill Seam and has a cumulative thickness of between 2.5 and 4.0 metres.

Mr Gavin May Newland Resources' managing director said while 150 million tonnes is a significant tonnage, the 50 million tonnes of resource with coking coal potential at depths less than 50 metres is what excites me.

He said that "NRL has a clear focus on delineating economic coal, so future exploration will concentrate on conversion of these resources into mineable reserves.”

Read More

China Guangxi province ranks second for coal imports


Southwest China’s Guangxi province has become one of the country’s largest coal importers, second only to Guangdong province.

Coal imports via the ports of Guangxi province have seen continuous increase in recent years, rising to 16.905 million tonnes in 2010 from 3.4 million tonnes in 2005, at an annual growth rate of 37.8%. Statistics from China General Administration of Customs show that coal imports into Guangxi province totalled 18.758 million tonnes in January through September this year accounting for 15.2% of the country total coal imports during the given period. The imported coal price averaged USD 97.7 per tonne up by 13.8%YoY. The imports of anthracite totalled 9.033 million tonnes, accounting for 48.2% of the province overall coal imports.

Vietnam, Indonesia and Australia are the main suppliers of the fuel, with exports to Guangxi province standing at 8.95 million tonnes, 4.249 million tonnes and 2.831 million tonnes respectively. The combined imports from the three countries occupy 83.5% of the province’s overall imports during January to September.

(Source: www.steelhome.cn/en)
China steel information centre and industry database

Rss

Share

Delicious Digg Stumbleupon Favorites More