Queensland s coal industry will play a very significant role for a long time in the Australian economy, according to deputy federal Labor leader Richard Marles. Speaking in Brisbane yesterday, Mr Marles said Labor was developing a jobs plan to reconstruct the economy following the COVID-19 recession, and the coal industry would remain a critical element. Those people who work in the coal industry do a fantastic job in terms of the contribution that they make to Australia s economy and to Australian exports, and they will continue to have a very significant role for a long time, he said Mr Marles s support for the industry comes after he was heavily criticised before the last election for saying the collapse of global thermal coal markets was a good thing.
Time to tap coal bed methane
Coal bed methane exploration has to be concurrent with the search for coal - Reuters×
Systematic exploration, tech validation and global accreditation are key to harnessing this clean energy source
Policy-makers in India are focussing on migration from a predominantly fossil driven energy economy to the cleaner renewable sources. This is a welcome move, especially with the country being a signatory to the Paris Agreement on Climate Change. Despite the increasing clamour against coal, realistically, India’s energy needs would still be coal dependent to a large extent. ‘Clean Coal Technology’ assumes critical importance in this context.
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Golden Energy and Resources Ltd (GEAR), an international energy and resources company, has announced its full year results for the financial year ended 31 December 2020 (FY20).
Fuganto Widjaja, Executive Chairman of GEAR, said: “FY20 was a transformational year for GEAR, characterised by corporate actions which enabled the group to further diversify into metallurgical coal and gold. The strategic increase in stake of Stanmore Coal and acquisition of Ravenswood Gold evolved out of rational forecasts of long-term business prospects and their valuations in recent times when we had opportunities to invest. Last year was a turning point as we rode the peaks and troughs of the markets, realising investment gains and securing other strategic investments which put us in good stead for the long term.”
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Coal import was, however, 7.4 percent higher in January 2021 as compared to 18.67 MT in the year-ago period. Of the total imports in January 2021, non-coking coal was at 12.77 MT