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Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a US expert.
On the flip side, a dwindling supply of coal could also throw the brakes on global warming, some argue.
Common knowledge about coal is that major producing nations like China, the United States and Australia, have enough to last hundreds of years, far beyond the reach of oil, which may already be in its twilight years.
But worldwide coal production could plateau as early as 2025, according to one new estimate, and a growing group of scientists are concerned that fossil fuel supplies may begin dwindling by mid-century.
Last year, David Rutledge of the California Institute of Technology analysed the coal production patterns of five regions around the world - eastern Pennsylvania, France, Germany's Ruhr Valley, the United Kingdom and Japan - each of which was producing at less than a tenth of its peak levels.
He found that each of the depleted regions followed a rough bell curve of production; initial production was followed by a steep ramp-up, a plateau near peak levels, and then a consistent decline.
When he applied the same formula to coal data from around the world, the results were startling.
The United Nations Intergovernmental Panel on Climate Change's maximum estimate for extractable coal is about 3000 billion tonnes. Rutledge's calculations suggest just 600 billion tonnes.
The problem with the IPCC estimate is that it lumps coal reserves, which are easy to mine, with coal resources, which may be impossible to mine.
Time for rethink
Rutledge's study also shows that, historically, national governments in the five regions have overestimated their reserves by a factor of four on average.
"These appraisals are large-scale issues," he says. "But they're done by governments. What's the incentive for governments not to give a number that is too high?"
James Murray of the University of Washington agrees.
In a talk being presented later this month at the American Geophysical Union Joint Assembly, he plans to call for a re-evaluation of IPCC emissions scenarios, all 40 of which overstate humanity's ability to emit the greenhouse gas carbon dioxide, according to Rutledge's numbers.
The committee's projections predict CO2 levels in the atmosphere to approach 500 parts per million by 2050, if emissions continue on their current trend.
But Rutledge's work suggest that even if humans burn all the coal and oil we can get our hands on, we won't be able to push CO2 past 450 ppm. Oil sands and other unconventional fossil fuels probably won't add much to that total.
Murray and Rutledge diverge on the question of climate effects, though.
Using IPCC models, Rutlgedge argues that global temperatures won't get higher than 2°C above pre-industrial levels, at the lower end of what scientists think might spark 'dangerous' climate change.
"We're still going to have global warming, and it's a serious threat," says Murray. "I have no doubt the IPCC dramatically underestimates climate sensitivity."
Regardless of climate impacts, the concern over looming energy scarcity may be more acute than ever.
"I think we'll see peak coal somewhere between 2025 and 2035," says Richard Heinberg of the Post Carbon Institute in California. "This has huge economic implications. Without growth in our energy supplies, it's very difficult to see how we're going to grow the economy."
Source: http://www.abc.net.au/science/articles/2009/05/13/2569143.htm
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Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion ...
Friday, 22 May 09
INDONESIA`S BUKIT ASAM TO HAVE POWER PLANT IN 2011 - ANTARA
The construction of a power plant in South Sumatra by coal mining company PT Tambang Batubara Bukit Asam will be completed in April 2011.
T ...
Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG
Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid ...
Thursday, 21 May 09
FBR STARTS COVERAGE OF SHIPPING SECTOR - REUTERS
Friedman Billings Ramsey began coverage of the shipping industry, saying the sector, which is amidst a deep cyclical downturn, is poised for a recov ...
Thursday, 21 May 09
INDONESIAN COAL PRODUCTION IN Q1 BELOW TARGET - STEEL GURU
Mr Bambang Gatot Ariyono director for coal and mineral development at the Energy and Mineral Resources Ministry said that the coal production in the ...
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- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
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