Renewable energy is now growing fast enough to absorb nearly all the new electricity demand being added to the world’s power grids. With solar panel prices at historic lows, batteries rapidly getting cheaper, and a conflict in the Middle East choking oil supplies, the shift away from fossil fuels is happening faster than most experts…
LONDON: South32 Limited, a diversified mining company, has announced that it has agreed to sell its Illawarra Metallurgical Coal business in Australia to a consortium of Golden Energy and Resources Pte Ltd (GEAR) and M Resources Pty Ltd (M Resources) for up to US$1.65 billion. The deal, which is expected to close in the first…
SYDNEY, AUSTRALIA: Stanmore Resources Limited (ASX:SMR) has signed a definitive agreement with a subsidiary of South32 Limited (ASX:S32) to acquire its 50% interest in the Eagle Downs metallurgical coal project, 100% interest in Eagle Downs Coal Management Pty Ltd and associated assets in Queensland, Australia. The deal, which is expected to close by the end…
All-time high generation for February – up by 4.0% YoY § Power generation went up by 4.0% YoY to 7,281 GWh (10,835 MW) during Feb’21, compared to 7,002 GWh (10,060 MW) during Feb’20. § Major contributors during Feb’21 were: Hydel (Share: 28%), Coal (Share: 26%), RLNG (Share: 17%), Gas (Share: 12%), Nuclear (Share: 11%), Bagasse (Share: 1.4%),…
KARACHI: Coal-based electricity generation witnessed 94.5 percent growth in November 2019 to reach 2,030 GWh taking coal’s share in country’s energy mix to 27 percent, data issued by National Electric Power Regulatory Authority (NEPRA) suggests. “Induction of China Power Hub Generation and Engro Powergen Thar in the system was the primary reason behind this surge,”…
LONDON: Coaltech Sarl has signed an MOU with the Republic of Uzbekistan Ministry of Innovation and Development and the Uzbekistan Railway company for the development in Uzbekistan of a project for the processing of coal fines into coal pellets, with an initial estimated value of US$16 million. CoalTech Sarl is a joint venture between Coaltech…
LONDON: Edenville Energy has signed two new significant contracts to supply washed coal from the Company’s flagship Rukwa Coal Project. Since the opening up the Northern Mining Area earlier this year, the Company has expanded its marketing efforts in the countries to the north of Tanzania, in particular Uganda, Rwanda, and Burundi, where the Company’s…
PERTH: South32 Limited has entered into a binding conditional agreement for the sale of 91.835% shareholding in South32 SA Coal Holdings Proprietary Limited (South Africa Energy Coal, SAEC) to a wholly-owned subsidiary of Seriti Resources Holdings Proprietary Limited (Seriti) and two trusts which will acquire and hold equity on behalf of employees and communities. Subject…
SINGAPORE: Geo Energy Resources Limited has entered into a conditional share purchase agreement (CSPA) with PT Titan Infra Energy (TIE) and PT Jaya Utama Indonesia (JUI) to acquire a 100% stake in PT Titan Global Energy (TGE) and an effective interest of 51% in each of BT Bara Anugrah Sejahtera (BAS) and PT Banjarsari Pribumi…