Eleven years ago, Cloud Peak Energy Inc. made an all-or-nothing bet its rivals were unwilling to match: that coal would remain indispensable to the U.S. power sector.
The body, which looks into the way the Polish state operates and how it spends public funds, says the company has spent more than $5.2B in three years on the underperforming Sierra Gorda mine.
Exxaro's coal export volumes surged to a record 8 million tonnes. Revenue jumped 12% to 25.491 billion rand compared with 22.813 billion rand the previous year.
Producing a single metric ton of steel in a blast furnace typically releases around 2.3 tons of carbon dioxide, not much less than you’d get from burning a ton of thermal coal for energy.
A New York-based company is in talks to buy the 847-megawatt San Juan Generating Station for $1, after four of its five owners decided to shut it down.