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Tag: coal
India coal scandal permits scrapped
2014-09-24 12:06:18| BBC News | Business | UK Edition
India's top court scraps almost all coal mining permits awarded since 1993 in a corruption scandal which has cost the country tens of billions of dollars.
Tags: india
permits
coal
scandal
BHP Billiton to cut 700 coal jobs
2014-09-23 08:39:48| BBC News | Business | UK Edition
BHP Billiton and Mitsubishi plan to cut 700 jobs at a joint coal mining venture in Australia because of tough market conditions.
Coal India to build $1.2bn of solar power plants
2014-09-23 01:00:00| Power Technology
Indias largest fuel producer Coal India (CIL) is planning to build solar projects worth INR70bn ($1.2bn) in the country, in a bid to compensate for the carbon pollution caused by its plants.
Tags: power
build
india
plants
New coal mines are financial "madness" - analysts
2014-09-22 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: A controversial coal project that threatens Australia`s Great Barrier Reef and the climate makes no financial sense for investors, say analysts. Plans for greenfield mines in the Galilee Basin involve building new port terminals near the fragile coral ecosystem. If they reach full production, Greenpeace estimates the mines could lead to carbon emissions equivalent to the seventh largest country in the world. In a new report, the Carbon Tracker Initiative (CTI) warns investors that this is among...
Tags: financial
coal
analysts
madness
New China coal mines uneconomic
2014-09-22 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: A potential $112 billion (R1.2 trillion) of coal mine expansion and development to 2025 is uneconomic at current spot coal prices, a report by non-profit financial think tank Carbon Tracker Initiative (CTI) said on Monday. CTI, which works to highlight how investment in fossil fuel resources might be affected by the global drive to curb climate change, said many of the world's future coal mines are not economic as Chinese demand growth slows. The report was published the day before a major...
Tags: china
coal
mines
uneconomic
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