My guess is, the only way for us specifically to rapidly close down coal, is to move quickly to gas turbines/ renewables + storage, as we have the ability to fill all those spaces.maybe NOT , depending on who leads India into the future , i half expect a leap to nuclear power ( unless the wave-power folks get their act together )
India was lots of infrastructure bottle-necks , not endemic low IQs i expect them to see affordable , efficient ways forward , leap-frogging some usual progression ( say bypassing gas/diesel power-plants )
now i hold some coal stocks and hope i am absolutely wrong but i see South America and Africa is bigger coal power users ( and using coal to make steel as well )
for sure there will be some tussles between megapowers like China+Rus vs USA+allies, some of it will be political as well one side being communist and one side democratic.I hope you are right,we can agree to disagree.
Right now,this is being tested.it is pretty clear in my mind that the covid crisis is just a pretext to the start of an hotter economic war/ confrontation China/west.
food indeed is the weak point of China,not population aging.but i think they can overcome that with alliances being built and takeover of africa
I was feet on ground for 3y, up to covid in mainland China, Guandong province,i saw these new cities but i also saw the matching refineries,factories and infrastructure.
And i saw Europe,the US at the same time.i also see that it is very hard to find anything not build in china in Australia.
much to worry about,
quite too late to just worry about in my opinion.
but in the context of this specific thread,this is good.
It means more coal use by China in the next decade
And India backwardness and on going population growth means they will then take over coal capacity ,whatever China will leave as they move to cleaner energy.
well, @bluekelah I agree 100% with that last post of yours so we can also agree to agree;for sure there will be some tussles between megapowers like China+Rus vs USA+allies, some of it will be political as well one side being communist and one side democratic.
I dont think Oz can make any difference in that being just a small nation with sub ~26m population vs USA 300+Million and china almost 1.5 Billion pop. It will be a very eventful decade to come. Change of world order? Unfortunately we will always be supporting USA as there is a "debt" to be paid for their aid in WW2.
As for coal, I think i read usage has dropped 4% last year due to covid but has since had a big rebound in usage this year.
ENergy transition wont be that quick, there's a lot of infrastructure needs to be built and also mines/refineries started to produce stuff like uranium/natural gas/etc.. Even Solar u need heaps of silver/ EVs batteries need rare minerals. If production in any component mineral doesnt keep up, prices will skyrocket and slow down any transition.
And all the supposed EV targets, wheres all the energy gonna come from in next 5 years? takes quite a few years to put in those hydro/wind/solar farms and batteries. And when the wind dont blow or the sun dont shine in winter? What you gonna burn thats cheap and readily available? Uranium prices have doubled, LPG has tripled. COAL is the answer! COAL to heat homes and power EVs. China has been an example this year using coal to solve their power crunch/blackouts. And now Europes burning coal as renewables are not sufficient and they need to heat homes. Germany is on track to burn more coal this year than last year...
So yeah i reckon good days ahead for next 10 years at the very least for our coal miners.
I am not seeing any mention of Coal mining from ATMi hold ATM ( where the Government owns a stake in the company .. well last i read it did)
so i suppose the question is , power needs of the public , or power needs of the miners , blast furnaces , and other corporate entities ( because ATM uses it's mined coal to feed the gold refinery and ferro-nickel smelting )
but i suppose the Government means the big multi-nationals
A consensus share price target of $3.71 for Aurizon (it’s $3.39 now) is too bearish. Morningstar’s fair value for Aurizon is $4.70. I’m not quite as bullish as Morningstar but see decent upside for Aurizon over the next few years.
Agreed with the rest but I'll be very surprised if we see coal make a comeback as a domestic heating fuel in developed countries at least.COAL to heat homes and power EVs.
I assume it was meant: load the grid and heat the home via electric heater or heatpump at nightAgreed with the rest but I'll be very surprised if we see coal make a comeback as a domestic heating fuel in developed countries at least.
Urban air pollution is a very real downside, the amount of human labour required is another and it's expensive too given the cost of physically distributing the stuff. Consumers simply aren't keen on moving around a few tonners of the stuff each year, with their own manual labour, and getting themselves covered in dust while doing so. It's a last resort option for most, something you do only if you've got no alternative - homes in the US started to seriously move away from coal as a heat source as far back as the 1920's for example, given a choice consumers just didn't want it.
Coal-fired electricity on the other hand is a different matter. That heats homes just fine yes.
So coal demand is up yes, I just don't foresee anyone being keen to burn the stuff at home unless they're poor, have no choice or the few who just like it.
2. PT Indonesia Coal Resources (“ICR”) Indonesia Perdagangan, transportasi dan jasa tambang batubara/ Coal mining trade, transportation and services 100.00% 100.00% 2010 44,474,171 28,122,883
yeah what i meant was coal being used more in power plants to make electricity for heating during this european winter in "green" countries like germany, etc...Agreed with the rest but I'll be very surprised if we see coal make a comeback as a domestic heating fuel in developed countries at least.
Urban air pollution is a very real downside, the amount of human labour required is another and it's expensive too given the cost of physically distributing the stuff. Consumers simply aren't keen on moving around a few tonners of the stuff each year, with their own manual labour, and getting themselves covered in dust while doing so. It's a last resort option for most, something you do only if you've got no alternative - homes in the US started to seriously move away from coal as a heat source as far back as the 1920's for example, given a choice consumers just didn't want it.
Coal-fired electricity on the other hand is a different matter. That heats homes just fine yes.
So coal demand is up yes, I just don't foresee anyone being keen to burn the stuff at home unless they're poor, have no choice or the few who just like it.
If it works like other markets, Singapore or Lichtenstein will become our biggest export markets for thermal coal, and Singapore mines will become the biggest suppliers of coal imports to China ?Indonesia feeling the energy squeeze, it will reduce coal exports, to bolster local supplies to power stations.
Could Australia win from Indonesia's shock suspension of coal exports?
A decision by the Indonesian government to suspend some thermal coal exports to guarantee domestic supply could have a flow-on effect for Australian miners locked out of the China market.www.abc.net.au
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