Banded Iron Formations: Oceans, Algae And Iron Oxide
Iron ore is a big deal in Australia. :
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We are the world's largest iron ore exporter. Iron ore brings in $133 billion annually (2021–2022) and provides 43,000 Australians mining jobs. Iron ore is rock rich in iron oxides (Fe2O3) and includes minerals such as hematite and magnetite. Most of the world's iron ore is found in rocks called banded iron formations or BIFs. BIFs occur on all continents, and in all states of Australia.
Largest U.s. Grid Could See 58 Gw Of Power Generation Shut By 2030, Report Warns
The largest U.S. power grid, PJM Interconnection, could lose as much as 58K MW of mostly fossil fuel power generating capacity by the end of this decade, potentially driving up prices for consumers, according to a report published this week by PJM's Independent Market Monitor. More than 33K MW of power are at risk of retirement due to a $49.06/MWh decline in prices in the region's capacity market in 2023 - the largest annual price drop since the creation of PJM markets in 1999 - as both coal and natural gas prices were lower in 2023 compared to 2022.
Us Doe Offers $425mm For Small Clean Energy Firms In Coal Communities
The DOE earmarked $425 million in funding to aid energy transition in current and former coal communities by supporting small and medium clean energy companies.
Midwest Energy Emissions Wins $114M In Us Coal Patent Trial
A jury in Delaware federal court said on Friday that Midwest Energy Emissions Corp (ME2C), which specializes in reducing mercury emissions from coal-fired power plants, was entitled to more than $114 million from a group of coal refiners that it accused of infringing two patents.
Utility-scale Pv Cheapest Power Source In Asia Pacific, Says Woodmac – Pv Magazine International
Wood Mackenzie says the levelized cost of electricity (LCOE) in the Asia-Pacific region hit an all-time low in 2023, as utility-scale PV beat coal to become the cheapest power source. It predicts a further drop in costs for new-build solar projects, driven by falling module prices and oversupply from China.
United States Natural Gas Fund: The Time To Buy Is Now (nysearca:ung)
Generally, it is a very poor idea to own the United States Natural Gas Fund (NYSEARCA:UNG), which holds front month natural gas futures, as an investment. Normally, natural gas prices are in contango, not backwardation, meaning the front month futures contract is lower priced than the next month further out, and so forth. Thus, most of the time the United States Natural Gas Fund has to roll their contracts from month-to-month, and natural gas futures are in contango, then the United States Natural Gas Fund (UNG) is absorbing a loss from the negative roll yield.
No Projects In The Pipeline For $43B Illawarra Renewable Energy Zone - Abc News
The Illawarra Renewable Energy Zone attracted $43 billion worth of potential projects that were forecast to create more than 8,000 jobs, but a year after it was declared not a single project is in the pipeline.
Jsw Steel To Borrow $750M To Double Its Steel Output: Report
Earlier this week it was reported that JSW Steel is in talks to buy a 20 per cent stake in a coal mine owned by Australian firm Whitehaven Coal at a valuation of up to $1 billion for the stake.
Jsw Steel Sounds Out Banks For $750M Loan
The Mumbai-based firm’s need for cash has been growing as it aims to almost double its steel output to 50 million tons by the end of the decade to meet rising demand from construction, energy and autos.
Indonesia's New Green Investment Rulebook Includes Coal Power Plants - Cna
FILE PHOTO: Smoke and steam billows from the coal-fired power plant owned by Indonesia Power, next to an area for Java 9 and 10 Coal-Fired Steam Power Plant Project in Suralaya, Banten province, Indonesia, July 11, 2020. REUTERS/Willy Kurniawan/File Photo JAKARTA : Indonesia on Tuesday launched a revised "taxonomy" or green investment rulebook categorising coal-fired power plants used in nickel facilities as part of the global transition to a green economy, in a move likely to face opposition from green groups.