Myanmar Considers Coal-Fired Power to Meet Domestic Demand
Bloomberg reported that Myanmar would use coal-fired power domestically but would not export it.
Bloomberg reported that Myanmar would use coal-fired power domestically but would not export it.
Bloomberg reported that American Electric Power (NYSE:AEP) won't cut as much coal-fired production as it originally stated.
Globe and Mail reported that the Canadian government is providing flexibility on the implementation of new coal emissions requirements.
Reuters reported that Greece is planning to impose a fee on power generated from coal.
Reuters reported that environmental concerns prompted a Dutch court to cancel permits for the building of a coal-fired power plant.
Platts reported that profits for German coal-fired power plants are increasing.
Reuters reported that Elektroprivreda Srbije (EPS) and Italy's Edison are planning to build two coal-fired plants in Serbia.
Bloomberg reported that Germany intends to increase coal-fired power production after closing nuclear plants.
U.S. coal companies are looking to diversify. Just a few years ago the industry enjoyed a boom in coal-fired power plant development, but growing concern for global warming and rising construction costs gave natural gas and renewable-energy plants an edge.
There is surging demand in China, steel mills have restarted and Australian firms are struggling to fill orders for a metallurgical coal price rise to $160 a metric tonne from less than $100 a few months ago. People are also looking for freight from the US to China. Morgan Stanley analysts mention that there is spot price "momentum" toward $175 a tonne.
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