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3 June 2021 In the interminable madness of Australia’s debate about energy politics, it has taken a Greens member of state parliament to cut through and demonstrate an understanding of technology and economics that appears beyond the major parties. Queensland state Greens MP Michael Berkman said on Wednesday that the idea of spending hundreds of millions of dollars on replacing the destroyed coal power unit – as proposed by the state-owned CS Energy, and eagerly supported by both Labor and the LNP – was nuts. “Spending $200 million on propping up coal would be throwing good money after bad,” Berkman told NCA NewsWire (owned by Murdoch media). ....
Peabody Energy will reopen its Metropolitan metallurgical coal mine in New South Wales, Australia, in May after it was closed in early January because export orders dried up, Argus Media has reported. ....
Peabody Reports Results For Quarter Ended March 31, 2021 News provided by Share this article Share this article ST. LOUIS, April 29, 2021 /PRNewswire/ Peabody (NYSE: BTU) today announced its first quarter 2021 operating results, including revenues of $651.3 million; loss from continuing operations, net of income taxes of $77.7 million; net loss attributable to common stockholders of $80.1 million; diluted loss per share from continuing operations of $0.79; and Adjusted EBITDA 1 of $61.1 million. While economies across the globe are in varying stages of recovery from the ongoing pandemic, I m pleased to note that operational and productivity improvements continue to take hold across the company, said Peabody President and Chief Executive Officer Glenn Kellow. In addition, we successfully completed our refinancing activities and subsequently repaid a portion of our long-term debt. Looking ahead, we remain focused on further improving our seaborne ....
Home / Commodities / Commodity News / Coal production from top ten mining companies expected to increase by up to 6.6% in 2021, says GlobalData Coal production from top ten mining companies expected to increase by up to 6.6% in 2021, says GlobalData Coal production from the top ten mining companies (Coal India, China Shenhua, Yanzhou Coal, Peabody, China National Coal, Glencore, Siberian Coal, PT Bumi, BHP and Arch Resources) fell from a collective 1,704Mt in 2019 to 1,633Mt in 2020, which is a 4.2% decline. The most significant declines were observed from Arch Resources (28.6%), PT Bumi (24.9%), Glencore (23.9%), and Peabody (21.8%), according to GlobalData, a leading data and analytics company. GlobalData expects production from the top ten companies to be between 1,683-1,740Mt in 2021, which is an increase of up to 6.6% compared with the collective output in 2020 (1,633Mt). Operating activities, backed by the rollout of vaccine and strict COVID-19 protocols on-site, ....
Coal output from top 10 miners to increase by up to 6.6% in 2021 – report Mt Arthur coal operation in Australia. Image courtesy of BHP Group Coal production from the world’s top 10 mining companies (Coal India, China Shenhua, Yanzhou Coal, Peabody, China National Coal, Glencore, Siberian Coal, PT Bumi, BHP and Arch Resources) is expected to be between 1,683-1,740Mt in 2021, representing an increase of up to 6.6% compared to last year, a report by UK-based analytics firm GlobalData finds. This represents a recovery in coal production after a turbulent year, where output from the top 10 companies fell from a collective 1,704Mt in 2019 to 1,633Mt in 2020, which is a 4.2% decline. The most significant declines were observed from Arch Resources (28.6%), PT Bumi (24.9%), Glencore (23.9%), and Peabody (21.8%). ....