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The Latest Breaking News from Coal

3 Coal Stocks That Are Up While The Rest Of The Market Plunges

Europe trying to replace Russian energy supplies is turning toward coal as a cheaper energy source, boosting demand. Moreover, investment in the coal market is expected to increase this year. With promising market prospects in sight, coal stocks SunCoke (SXC), China Shenhua (CSUAY), and Alpha Metallurgical(AMR) might be profitable investments.…

StockNews.com

Data | Coal demand-supply mismatch, rising prices and mounting debts plague thermal power generators

With a coalsupply demand gap, and international coal prices rising, cashstrapped thermal power generators are left with critical stocks

The Hindu

'Green' Germany Prepares To Fire Up the Coal Furnaces

Strongly held wishes and pixie dust won’t deliver a green utopia.

Reason

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Chinese premier calls for more coal production as electricity demand soars

Records for electricity usage broken in Shandong, Henan and Jiangsu after early summer heatwaves

The Guardian - UK

Qld delays mine emissions cuts until 2027

The Queensland government won't make coal and gas companies start cutting fugitive emissions from their existing mining projects until 2027.

AAP

New Acland Coal Mine agreement with Qld government a result of bullying, lawyer says

An environmental lawyer says the Qld government succumbed to "bullying" by failing to prosecute over alleged illegal mining activity in the state's south, as the company involved awaits approvals for its third stage expansion.

ABC News

Dendrobium coal mine extension opposed by WaterNSW over Sydney drinking water concerns

WaterNSW has opposed a proposal to extend a coal mine under the Sydney water catchment claiming it could damage one of the largest dams in the region.

ABC News

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Claims most of Germany's power was recently generated by brown coal don't stack up

A graph purporting to show that Germany was briefly powered by more than two-thirds brown coal has spread widely online. But there's a devil in the detail.

ABC News

‘Pandora’s box’: experts say Queensland’s windfall from coal royalties could set a precedent

Industry and analysts predict budget measure could provide billions in additional revenue

The Guardian - AU

Abhishek Banerjee’s wife questioned in coal pilferage case

The Trinamool Congress termed the questioning a “political witch-hunt” at the behest of the BJP

The Hindu

AP power utilities to buy 500 to 1,500 MW power from external sources till October

The Southwest monsoon is likely to disrupt coal mining and transportation across the country, hence the preparedness

The Hindu

Why this new climate case against the high-polluting Scarborough gas project is so significant

A major new climate case to stop Woodside’s controversial Scarborough gas project going ahead has been filed by the Australian Conservation Foundation (ACF) in the federal court this week. ACF lawyers argue that the potential for the project’s emissions to harm the Great Barrier Reef must be assessed.

The Conversation

Albanese government may join US push to cut global methane emissions by 30%

Exclusive: New resources minister also says ‘the pathway from coal to renewables goes only through gas’

The Guardian - AU

Woman forced to wear gas mask every night over 'angry' dispute with neighbour

The symptoms caused by coal smoke include coughs, chest pains and breathlessness - Svetlana said 'every night I need to wear a gas mask because I can't sleep, I can't breathe'

Daily Mirror

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Bangkok Post

Energy authorities ignite ridicule over 'super' wood-burning stove

The Department of Alternative Energy Development and Efficiency’s promotion of “super” wood-burning stoves as a solution to high cooking gas prices has drawn ridicule on social media.

The Independent UK

Boris Johnson says UK should start mining and burning coal again

Prime minister says current setup ‘makes no sense’

Newcastle Herald

Mayors hit out at 'slap in the face' as state budget snubs coal towns

The mayor of Muswellbrook has called the state budget a "slap in the face" for the region as a Hunter MP says the "toe in the water" commitment to hydrogen is evidence the government isn't serious about transforming Hunter communities that rely on coal.

Dynamite News

ED attaches Rs 26.93 cr assets of EMTA Coal Ltd, its directors in coal block case

The Enforcement Directorate (ED) has attached immovable and movable assets valued at Rs 26.93 crore belonging to EMTA Coal Ltd and its partners and Directors in a coal block case. Full story on Dynamite News:

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AAP

Qld picks fossil fuel over energy storage

The Queensland government has prioritised coal and gas-fired generation over energy storage as it eyes dividends from the surging wholesale electricity market.

ABC News

Chinese investors fast abandoning Australia but still hold vast amounts of infrastructure, land and water

Australia is losing an important source of foreign funding, with Chinese investment in the country plummeting by 70 per cent last year — its lowest level since the global financial crisis.

Daily Mirror

Russia in chilling threat as it vows to retaliate against NATO member's population

Lithuania has blocked Russia's rail access to Kaliningrad Oblast - a Russian exclave surrounded by EU member states - cutting off supplies of basic goods including construction materials, metals and coal

France 24

US ban on Xinjiang imports comes into force

A new US law that imposes a near-blanket ban on imports from China's Xinjiang province comes into force this Tuesday. Companies now have to prove that goods they bought from the region were not made with forced labour. Beijing accuses Washington of fabricating accusations of human rights abuses. Plus, the…

Newcastle Herald

Royalty rip-off: Hunter misses coal mining windfall in NSW Budget

The NSW government will rake in an extra $810 million in coal royalties this year - and almost $4 billion over the next four years - but has not put an extra dollar into a fund to help coal mining communities prepare for change.

ABC News

Coal royalty increase in Queensland state budget blasted by mining industry, resources council

The Queensland government's revamp of how resource royalties are collected draws heavy criticism from the mining industry, but an academic believes it capitalises on coal prices while they are spiking and will not lead to anyone going "out of business".

The Guardian - AU

Queensland state budget 2022: modest coal royalty hike delivers little towards energy transition

Analysis: The first lift in coal royalties in 10 years will only provide a fraction of the windfall caused by high fossil fuel prices

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