Mar 13, 2021

UK government intervenes in deep coal mine plan

UK
mining
Coal
Climate Change
Daniel Brightmore
2 min
UK, Coal
Britain’s government stalls new deep coal mine plan for northern England after climate change advisers said the project would “increase global emiss...

Plans for a new UK coal mine pose a challenge for Prime Minister Boris Johnson’s government, reports Reuters. The government wants to boost jobs in northern England after winning many voting regions which traditionally back the opposition Labour Party while setting an example on its green credentials before hosting a climate summit in November.

In a letter, signed on behalf of housing minister Robert Jenrick, the government said the decision to “call in” the application for the mine had been taken because of that advice and added that there should be a public inquiry.

“The Secretary of State has decided to call this application in because of the further developments since his original decision,” the letter said. “The Climate Change Committee’s recommendations for the 6th Carbon Budget have been published since he was advised on this decision.”

The Cumbria mine, being developed by privately owned West Cumbria Mining, will extract coking coal which is used for steel production rather than power generation.

In January, Britain’s Climate Change Committee (CCC) questioned the government’s decision not to intervene in a local council decision to allow the new mine, saying it would “increase global emissions and have an appreciable impact on the UK’s legally binding carbon budgets”.

Last year Britain became the first G7 country to set in law a net zero emissions target by 2050, which will require wholesale changes in the way Britons use energy, travel and eat.

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May 8, 2021

Global iron ore production to recover by 5.1% in 2021

Iron ore
BHP
Anglo American
GlobalData
2 min
After COVID-19 hit iron ore output by 3% 2020, GlobalData analysis points to 5.1% uptick in 2021

Global iron ore production fell by 3% to 2.2bnt in 2020. Global production is expected  to grow at a compound annual growth rate (CAGR) of 3.7% to 2,663.4Mt between 2021 to 2025. The key contributors to this grow will be Brazil (6.2%), South Africa (4.1%), Australia (3.2%) and India (2.9%). Key upcoming projects expected to commence operations include South Flank in Australia (2021), Zulti in South Africa (H2 2021), Serrote Da Laje in Brazil (H2 2021) and Gudai-Darri (2022), according to GlobalData, a leading data and analytics company.

Iron Ore

Vinneth Bajaj, Associate Project Manager at GlobalData, comments: “Declines from Brazil and India were major contributors to the reduced output in 2020. Combined production from these two countries fell from a collective 638.2Mt in 2019 to an estimated 591.1Mt in 2020. The reduced output from the iron ore giant, Vale, was the key factor behind Brazil’s reduced output, while delays in the auctioning of mines in Odisha affected India’s output in 2020.

“Miners in Australia were relatively unaffected by COVID-19 due to effective measures adopted by the Australian Government, while a speedy recovery in China led to a significant 10.4% increase in the country’s iron ore output.”

GlobalData iron ore

BHP

Looking ahead, the global iron ore production is expected to increase by 111.3Mt to 2,302.5Mt in 2021. Rio Tinto is expected to produce up to 340Mt of iron ore, while BHP has released production guidance of 245–255Mt, supported by the start of the Samarco project in December, which is expected to produce between 1–2Mt.The company has retained its guidance for Australian mines at 276–286Mt on a 100% basis, due to scheduled maintenance work at its ore handling plant and tie-in activity at the Area C mine and South-Flank mine.

Anglo American

Bajaj added: “The remaining companies are expected to produce more than 600Mt of iron ore, including FMG, whose production is expected to range between 175–180Mt supported by its Eliwana mine that commenced operations in late December 2020, and Anglo American, which is expecting to produce between 64–67Mt. Vale is expected to resume 40Mt of its production capacity, taking its overall production capacity to 350Mt in 2021, with production guidance of 315-335Mt.”

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