Vietnam 

Vinacomin strives to meet increasing demand for coal – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Cọc Sáu coal mine. Việt Nam National Coal – Mineral Industries Holding Corporation Limited is trying to meet the increasing demand for coal. — Photo vinacomin.vn Viet Nam News HÀ NỘI — The Việt Nam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) had been working to meet the increasing demand for coal for electricity generation and production, Vinacomin’s general director Đặng Thanh Hải said. Vinacomin targeted to reach an output of 4.1 million tonnes of coal in March. Production would be enhanced at open-cast coal mines…

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China 

China’s squeeze on Australian coal nothing to do with Huawei’s 5G ban. Really?

With all eyes on whether Beijing will cede ground to Donald Trump in the ongoing US-China trade war, it is easy to forget there may be another trade skirmish occupying Beijing’s mind – and one in which, this time, China holds most of the aces.Over the past month China has been targeting Australian coal imports with increased restrictions – what Beijing claims are quality checks – that have delayed their passage through northern ports. Given Australia’s coal industry is deeply dependent on its… Source link

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Home 

A new generation of coal power in belt and road countries would be toxic for the environment and for China’s reputation

At the first ever “Belt and Road” forum hosted in Beijing in 2017, President Xi Jinping pledged the US$900 billion infrastructure project would “seize new opportunities … and achieve green and low-carbon development.” Yet as analysis last month demonstrated, Chinese funding is responsible for more than a quarter of all new coal plants outside its borders, many of which are using outdated technology no longer allowed in China. President Xi must swiftly reconcile rhetoric and reality. The consequences of a new generation of coal will be toxic for the environment,…

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Vietnam 

Vinacomin asked to ensure coal supply, enhance quality – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Workers at a mine of Vàng Danh Coal Joint Stock Company, a member of Vinacomin. – Photo vinacomin.vn Viet Nam News In 2019, Vinacomin targeted to reach a production output of 40 million tonnes, revenue of VNĐ128 trillion (US$5.6 billion) and average monthly salary of VNĐ11.3 million, from VNĐ10.8 million in 2018. It estimated total coal consumption demand at 42 million tonnes in 2019. Vinacomin’s report showed that the company achieved positive business results in 2018 with all indicators exceeding the targets. Coal production in 2018 reached…

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Home 

Russian gas imports won’t improve China’s air quality when Beijing continues with its policy of excessive coal consumption

As China clamps down on air pollution, Beijing is seeking to replace coal plants with cleaner-burning natural gas, especially for heating during winter. Consequently, China has intensified relations with Russia, one of the world’s leading gas exporters, to expand energy ties. Although increasing gas use works towards alleviating some of the tensions inherent in the generation of energy, the move doesn’t address the underlying issue of pollution – the fact that China continues to rely on coal and the coal-guzzling metals industry for economic growth. China is the main driver…

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Home 

What would Adam Smith say about the rush by banks to stop funding coal power plants?

Adam Smith famously said that “I have never known much good done by those who affected to trade for the public good.” Nowhere is the merit of the great sage’s insight more evident than in the veritable parade of banks that have rushed to end the financing of new coal power plants. The reasoning among banks follows the familiar corporate social responsibility (CSR) route. CSR initiatives by banks call for investment or loan decisions based not on risks and rewards in a competitive market, but on judgment by corporate management…

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Vietnam 

Coal imports for power generation on the rise – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The import of coal for electricity generation looks set to increase in the near future, said deputy general director of Việt Nam Electricity (EVN) Ngô Sơn Hải. Hải told the Coaltrans conference on emerging Asian coal markets in Hà Nội on Wednesday that the total power capacity by the end of 2017 was more than 45,000MW, 38 per cent of which was coal-fired power generation. According to the National Power Master Plan VII for 2011 to 2020 with a vision to…

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Home 

Hong Kong utility CLP eyes twofold growth and IPO in India, drops plan to build coal power plant

CLP Holdings, the larger of Hong Kong’s two power utilities, aims to double the size of its India unit via acquisitions and new-build projects in the next five years and list it on the local bourse, according to its finance chief. It is the joint ambition of CLP and its new partner, Caisse de dépôt et placement du Québec (CDPQ), the Canadian public pension-fund manager that recently bought a 40 per cent stake in the unit from CLP, said Geert Peeters, a 30-year industry veteran and Belgian national who grew…

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