Indonesia's Ministry of Energy and Mineral Resources set its March thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $81.90/mt, down 1.7% from February, but up about 58.7% from a year ago.
The ministry had set the price for February at $83.32/mt and the March 2016 price at $51.62/mt.
The HBA is a monthly average price based 25% on the Platts Kalimantan 5,900 kcal/kg GAR assessment; 25% on the Argus-Indonesia Coal Index 1 (6,500 kcal/kg GAR); 25% on the Newcastle Export Index -- formerly the Barlow-Jonker index (6,322 kcal/kg GAR) of Energy Publishing -- and 25% on the globalCOAL Newcastle (6,000 kcal/kg NAR) index.
In February, the daily Platts FOB Kalimantan 5,900 kcal/kg GAR coal assessment averaged $74.14/mt, up from $72.11/mt in January, while the daily 90-day Platts Newcastle FOB price for coal with a calorific value of 6,300 kcal/kg GAR averaged $80.41/mt, down from $83.73/mt in January.
The HBA price for thermal coal is the basis for determining the prices of 75 Indonesian coal products and calculating the royalty producers have to pay for each metric ton of coal they sell.
It is based on 6,322 kcal/kg GAR coal, with 8% total moisture content, 15% ash as received and 0.8% sulfur as received.
A coal-mine that powered German industry for almost half a century will get a new lease on life when it’s turned into a giant battery that stores excess solar and wind energy.
The state of North-Rhine Westphalia is set to turn its Prosper-Haniel hard coal mine into a 200 megawatt pumped-storage hydroelectric reservoir, which acts like a battery and will have enough capacity to power more than 400,000 homes, said state governor Hannelore Kraft. The town of Bottrop, where people worked the 600 meter (1,969 foot) deep mine since 1974, will keep playing a role in providing uninterrupted power for the country, she said.
Germany’s decision to turn a coal mine into a pumped-hydro-storage station may solve two of the most intractable challenges created by its shift to clean power. On a local level, it provides new economic activity in a region where generations of workers have relied on fossil fuel for their livelihoods. On a regional level, it catalyzes the expansion of renewable energy by helping to maintain electric capacity even when the wind doesn’t blow or the sun doesn’t shine.
“We have a very sympathetic ear” to sustainable and cost-effective storage, Kraft said in a March 14 speech in the state capital Dusseldorf. Other mines may also be converted after Prosper-Haniel because the state needs more industrial-scale storage as it seeks to double the share of renewables in its power mix to 30 percent by 2025, she said.
Pumped Storage Plan
The crucible of Germany’s industrial revolution, North-Rhine Westphalia generates a third of the nation’s power -- much of using aging coal plants. But as Europe’s biggest economy continues its so-called Energiewende, German for energy transition, the need for bigger and better storage has become more glaring.
The federal government needs to plot a road-map toward better storage, said Kraft, a Social Democrat who studied economics at Kings College in London.
North-Rhine Westphalia, Germany’s most populous state, contributes a fifth of the nation’s economic output and is home to utilities -- RWE AG, EON SE, Steag GmbH, Uniper SE and Innogy SE -- that highlight its traditional links to coal and power generation.
Sustained low wholesale power prices are speeding the closure of Germany’s older coal plants owned by the utilities. Applications have been made to shut 27 mainly older coal- and gas-fired generators with a combined capacity of 6.6 gigawatts, or enough power for 13 million average homes, data on the Bnetza regulator’s website shows.
The consortium running the Prosper-Haniel project, which includes the University of Duisburg-Essen and mine owner RAG AG, are confident that the mine is suitable to become a storage pump, said state Environment Ministry spokesman Frank Seidlitz on the phone from Dusseldorf. RAG may become an investor in the pump project, he said.
The plan to reinvent Prosper-Haniel envisages creating reservoirs above and below the closed mine, according to a blueprint posted on the group’s website.
When needed to compensate intermittent wind and solar power, as much as 1 million cubic meters of water could be allowed to plunge as deep as 1,200 meters, turning turbines at the foot of the colliery’s mine shafts. The mining complex comprises 26 kilometers (16 miles) of horizontal shafts.