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EIA's Coal Markets Report: July 6, 2020

The Coal Markets Report has been updated for the business week ending June 26, 2020.

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Indonesia to Slash Coal Outputs to Bolster Prices

Indonesian coal producers plan to cut coal outputs in the hope of bolstering prices, an association has said.

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Coal India Suffers Average Daily Production Hit of 56% During Three-Day Strike

The coal workers were on strike from Thursday to Saturday in protest against the government’s move to open the coal sector for commercial mining.

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MSHA Mine Fatality Alert

On June 13, 2020, a dragline was found submerged in 25 feet of water where a miner had been using it to remove material from a pond.

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UK: Banks Group Help Fund Mining Heritage Project

In the UK, the work of a west Newcastle community improvement group dedicated to preserving and enhancing its local mining heritage has received a four-figure boost from The Banks Group’s Banks Community Fund.

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Germany's Plan to Exit Coal by 2038 Made Law

The new law entails over €50 billion ($56 billion) for mining companies, power plant operators, affected regions and employees to mitigate the impact of moving from coal to renewables as power source.

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Arch Resources Issues $53.1 Million in Tax-Exempt Bonds

Arch Resources, Inc. (NYSE: ARCH) announced today that it has issued $53.1 million of bonds in the U.S. tax-exempt market through the West Virginia Economic Development Authority.

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Utah Coal Counties Pledge $20 Million in State Money to Help Get Oakland, CA Port Back on Track

Four coal-producing Utah counties are preparing to throw a $20 million lifeline to the bankrupt proponents of a deep-water export terminal in Oakland, California.

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Register Today - 116th RMCMI Annual Meeting & Conference

The 116th RMCMI Annual Meeting & Conference will be held August 16-18, 2020 in Colorado Springs, Colorado at Cheyenne Mountain Resort

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Analysts: Coal Prices to Stay Under Pressure Until Year End

Global coal prices will remain under pressure until the end of the year amid a persisting glut in supply and weak demand from China and India, analysts said.

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On Behalf Of Environmentalists, I Apologize For The Climate Scare

On behalf of environmentalists everywhere, I would like to formally apologize for the climate scare we created over the last 30 years. Climate change is happening. It’s just not the end of the world. It’s not even our most serious environmental problem.

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India's Coal Minister Says Mine Auction Yielding Positive Results

India’s Coal Minister Pralhad Joshi said that just a few days into the auction process of coal blocks to commercial mining operators, 1,140 parties have shown interest in taking part in this new chapter in the country’s mining history.

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Myanmar Cardinal Calls Mining Accident Inhuman Tragedy

Myanmar’s top Catholic prelate called for “economic and ecological justice” after a mining accident killed at least 172 people in Hpakant the country’s Kachin state.

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Singareni Collieries Company Limited Miners End 72-Hr Strike

The three-day strike spearheaded by the central trade unions of the Coal India Limited (CIL) resulted in a production loss to the tune of about 3 lakh tonnes in all the 46 mines of the SCCL spanning across the coal belt region of the State, sources said.

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BHP Puts Australian Thermal Coal Mine Up For Sale

The world’s largest mining company BHP Group has hired Macquarie Bank and JP Morgan to sell its Australian thermal coal mine, three sources said, as miners face increasing pressure to reduce their exposure to fossil fuels.

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Another Pleads Guilty in Laundering Scheme

Virginia resident Larry Price Jr. saw another former cohort plead guilty on June 23 on charges related to a multi-million dollar scheme to bilk money from a Montana mining company and other entities.

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England: The Secret World of the Forest of Dean Freeminers

Ask any of the men who go freemining in the Forest of Dean why they do it and they smile wryly and say: “It’s different world underground, mind”.

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Thermal Power Will Continue to Meet India's Energy Needs

While renewables will take over a larger share of the burden of power generation in India over the next few decades, it is unlikely that wind and solar power will wipe out the need for fossil fuel-based power generation.

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Atlantic Coking Coal: Steady on Limited 3Q Cargoes

The US coking coal market is holding steady as it enters the third quarter, with lower inventories and stronger selling positions balancing out ongoing uncertainty over Chinese import restrictions and the absence of Indian spot demand.

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Indonesian Coal Miners to Cut 50 Million Tons of Production Due to Weak Prices

Miners in Indonesia, the world’s top coal exporting country, have decided to cut domestic production by 50 million tons this year in their bid to increase global coal prices, which have been falling during the health crisis.

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Energy Department Backs Coal-Based Products

The Department of Energy has announced it plans to provide $122 million in funding for the manufacturing of coal-based products.

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India: Coal Workers' Strike Enters Third Day; Five-Trade Unions to Decide Next Course of Action

Average attendance was close to 34 per cent on Thursday, which is likely to improve further as some workmen have started resuming their duties, Coal India had said.

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Japan Mulls Scrapping Inefficient Coal-Fired Units

About half of Japan's coal-fired capacity could be brought off line, as the country plans to start discussing the possibility of scrapping inefficient coal-fired power generation units to reduce carbon dioxide emissions by 2030.

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OKD Closes Czech Coal Mines Over COVID-19 Outbreak

Czech Republic hard coal producer OKD has suspended operations at all its mines in the country for at least six weeks, after testing revealed a high COVID-19 infection rate.

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IEEFA Update: No Foreign Players Will Bid in India's Auction on Coal Blocks

India’s Union government has opened 41 coal blocks for commercial mining under the Aatma Nirbhar Bharat Abhiyan. This measure aims to allow private players to mine coal commercially as part of its effort to cushion the impact of COVID-19.

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Census: U.S. Coal Exports Drop to 3.5-Year Low in May

US coal exports tumbled to a 3.5-year low 4.28 million mt in May, as metallurgical and bituminous coal both saw declines, while subbituminous exports rose on the month, according to US Census Bureau data released July 2.

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Mining Will Need Long-Term Strategies to Survive New Normal

For the mining industry to be successful post-Covid-19, the industry will require long-term strategies to deal with its challenges, which includes the pandemic.

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RECLAIM Act To Boost Coal Communities Passes House As Part Of Infrastructure Bill

The U.S. House of Representatives Wednesday passed a $1.5 trillion infrastructure bill that includes two provisions that would specifically help coal-reliant communities in the Ohio Valley.

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The Surface Mining Reclamation Control Act Amendments of 2019 authorizes 15-year extension and the RECLAIM Act Passes the House as part of H.R. 2, The Moving Forward Act

The RECLAIM Act would invest $1 billion in projects. These funds would be invested in over 20 states across the country.

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Biden Picks Comrade Carol Browner as Climate Advisor

Joe Biden has picked Carol Browner as a climate advisor. Browner was the Clinton EPA chief and Obama energy and environment czar.

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Kentucky's Poplar Grove Mine to Close

Hartshorne Mining Group, a subsidiary of Paringa Resources and operator of the Poplar Grove mine in McLean County, Kentucky will close the mine sometime next week, according to McLean County Judge-Executive Curtis Dame.

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Landslide At Myanmar Jade Mine Kills At Least 162

A massive landslide at a jade mine in Myanmar has killed at least 162 people – a moment captured in dramatic video showing a wall of earth sliding down a mountainside into a water-filled open pit.

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At Least 160 Miners Killed in Landslide in Northern Myanmar

On its Facebook page, the fire service said the miners were collecting the precious stones in Hpakant township in Kachin state when they were smothered by “a wave of mud” following heavy rains.

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South Korea's Kepco to Enter Indonesian Power Project

South Korea's state-controlled utility Korea Electric Power (Kepco) is moving ahead with its plans to invest in the building of two coal-fired power plants on the Indonesian island of Java.

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Coal India Unions on Three-Day Strike to Protest Against Commercial Mining, FDI

Coal India Limited unions on Thursday started a three-day strike against the Central government's decision to open the coal sector to private players. The workers raised slogans against the e-auction of coal blocks to private parties.

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England: National Coal Mining Museum Replaces Mining Icon

The giant pit wheel has become an iconic symbol of mining heritage in England; it would have been found in every pit village in England.

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Second Newcastle Max Calls at Port of Mobile Sets Export Metallurgical Coal Loading Record

The Alabama State Port Authority received another Newcastle Max bulk carrier loading a record 135,484 short tons (122,909 metric tons) of export metallurgical grade coal at its McDuffie Coal Terminal.

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Bankrupt Murray Energy Settles Claims With Affiliate Foresight

Murray Energy Holdings Co. has reached a settlement with affiliate Foresight Energy LP to resolve all claims as they advance in their respective bankruptcy proceedings, the coal miner said.

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New Dem Climate Plan Disaster

On Tuesday, Nancy Pelosi's House Democrats unveiled a terrible climate plan modeled after Alexandria Ocasio-Cortez's "Green New Deal."

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Chinese Authorities Act Swiftly as Jingtang Coking Coal Quota Near Full

The annual import quota for seaborne coking coal at China’s major coking coal port, Jingtang has been nearly exhausted and the authorities are temporarily halting customs declarations, sources told S&P Global Platts July 1.

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Britain, Birthplace of Coal Industry, to Close Last Plant

George Orwell once observed British civilization was "founded on coal." The author of "1984" would hardly recognize his home country today.

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Miner Recollections: War Story Only a Part of Tragedy in Local Family

Editor’s note: Each week “Miner Recollections” will spotlight Georges Creek, Maryland's coal heritage, and the sacrifices made by those who mined it, by drawing upon biographical sketches, family narratives and historical research.

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EIA's Weekly Coal Production Report: July 2, 2020

The Weekly Coal Production report has been updated for the week ending June 27, 2020.

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DOE Backs Governmental Push for Fossil Energy, Manufacturing in Appalachia

A US Department of Energy report encourages continued government intervention to help attract private investment into energy production and manufacturing in the Appalachian region.

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Alabama: Port of Mobile Sets Record for Single-Vessel Export Tonnage, Ties Record for Largest Bulk Carrier

This Newcastle Max class bulk carrier also matched the previous record bulk ship to call the port, tying the MARAN COURAGE in measuring 984.2 feet (300 meters) in length overall with a width of 164.3 feet (50 meter beam).

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New Platform Seeks to Assist Coal-Dependant Communities

A diverse coalition of leaders in coal communities nationwide have banded together to take on one of the most pressing challenges facing Wyoming and fellow coal-producing regions: how to adapt to the downturn in the coal sector and build new economies.

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BMA Expands Autonomous Hauling Fleet in Queensland, Australia

Major BHP and its coal alliance partner Mitsubishi (BMA) have announced a A$100-million investment into 34 new autonomous trucks at the Daunia mine, in Central Queensland.

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Landslide at Myanmar Jade Mine Kills at Least 123 People

“The jade miners were smothered by a wave of mud,” a statement from the fire service said.

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Grappling with the “Dark Doldrums”

A fascinating thing is happening. While renewable energy and climate policy ambitions are growing more aggressive, the few nations trying to rapidly pivot away from coal, natural gas and nuclear power are struggling.

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DOE Report Spotlights Appalachia’s Economic Progress and Opportunities for Growth

At the direction of President Trump, the U.S. Department of Energy has released a report titled, “The Appalachian Energy and Petrochemical Renaissance: An Assessment of Economic Progress and Opportunities.”

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Cardinal Operating Company Seeks Bids For Coal

Cardinal Operating Company (COC) on behalf of AEP Generation Resources Inc. (AEPGR), an unregulated wholly owned subsidiary of AEP Energy Supply, LLC, is seeking bids for the supply of coal to Cardinal Power Plant Units 1, 2, and 3.

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Canada's Ridley Terminals Monthly Coal Exports Jump to Seven-Year High

Coal exports from the Ridley Terminal in Prince Rupert, British Columbia, jumped to a seven-year high 1.16 million mt in May, according to data from the Prince Rupert Port Authority.

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UK Coal Operator Hargreaves Turns Attention to Land Development

One of Britain’s last remaining coal mine operators will put an end to all mining operations beginning July.

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Australia: Coal Mine Expansion for 2035 Gets COVID Fast-Track Approval Status

In Australia, the Berejiklian government has been accused of using COVID-19 as a cover to speed up approvals for a mine expansion that won't alter operations significantly or create many jobs until after 2035.

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Foresight Announces Implementation of Reorganization Plan

Foresight Energy LP announced today that it has consummated its chapter 11 plan of reorganization.

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Coal Leaders Launch National Platform to Rebuild Coal Communities Amid Economic Decline

A diverse coalition of leaders in coal communities nationwide have banded together to take on one of the most pressing challenges facing Wyoming and fellow coal-producing regions: how to adapt to the downturn in the coal sector and build new economies.

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Democrats' Blueprint for Fighting Climate Change Sees FERC Playing Key Role

The Federal Energy Regulatory Commission would be given sweeping new authorities to help address climate change under the recommendations of a plan the Democratic majority on the U.S. House Select Committee on the Climate Crisis released June 30.

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2020 Friends of Coal Golf Tournament

Don't miss your opportunity to register for the 2020 Friends of Coal Fundraiser Golf Tournament in Gillette, WY!

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COVID-19 Deepens Coal's Decline as US Power Emissions Plummet

Reduced US power demand amid the global coronavirus crisis will slash the country's electric sector emissions by 175 million to 320 million metric tons in 2020, equal to a 10% to 20% drop from 2019, Moody's estimated in a June 30 report.

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Corsa Coal Announces Results of Annual and Special Meeting

Corsa Coal Corp. has announced the results of its annual and special meeting of shareholders held earlier today.

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