Coal mining

EQS-News: SMT Scharf AG publishes preliminary H1 2023 results  

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星期三, 八月 9, 2023

Hamm, 09 August, 2023 – SMT Scharf AG (WKN A3DRAE; ISIN DE000A3DRAE2), a leading global provider of customised transport solutions and logistics systems for underground mining, generated consolidated revenue of EUR 31.7 million during the first six months of the 2023 fiscal year on the basis of preliminary figures (H1 / 2022: EUR 37.5 million).

Key Points: 
  • Hamm, 09 August, 2023 – SMT Scharf AG (WKN A3DRAE; ISIN DE000A3DRAE2), a leading global provider of customised transport solutions and logistics systems for underground mining, generated consolidated revenue of EUR 31.7 million during the first six months of the 2023 fiscal year on the basis of preliminary figures (H1 / 2022: EUR 37.5 million).
  • On the basis of the preliminary results for the first half of 2023, the Managing Board now expects consolidated revenue of EUR 73 million and negative EBIT of EUR -3.3 million for 2023.
  • Hans Joachim Theiss, CEO of SMT Scharf AG, comments: “SMT Scharf continued to be confronted with challenging market conditions in underground mining in the first half of 2023.
  • SMT Scharf generates a large share of its revenue in growing foreign markets such as China, Russia, Poland and South Africa.

Spire Global Awarded Space Services Contract by GHGSat to Expand Satellite Constellation for Emissions Monitoring

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星期二, 八月 8, 2023

Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and space services, was awarded a Space Services contract by GHGSat, the global leader in high-resolution greenhouse gas monitoring from space.

Key Points: 
  • Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and space services, was awarded a Space Services contract by GHGSat, the global leader in high-resolution greenhouse gas monitoring from space.
  • Under the agreement, Spire will build, launch and operate four additional 16U satellites that will carry GHGSat payloads to monitor greenhouse gas emissions.
  • This builds upon Spire’s initial agreement with GHGSat for three 16U satellites that will launch by the end of 2023.
  • The addition of these satellites will expand GHGSat’s global emissions monitoring and measurement capacity.

Australia is touted as a future clean energy 'superpower' – but research suggests other nations will outperform us

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星期二, 七月 25, 2023

In Australia, there’s much talk of this nation emerging from the net-zero transition as a clean energy superpower.

Key Points: 
  • In Australia, there’s much talk of this nation emerging from the net-zero transition as a clean energy superpower.
  • But many other countries are also racing to expand their renewable energy production.
  • This got us wondering: Australia’s renewable resource potential is vast, but will we actually become the world’s biggest energy exporter?

A superpower-in-waiting

    • And a lot of energy used in Australia goes towards producing goods for export such as minerals and metals.
    • The threat of climate change means the world must reduce its greenhouse gas emissions.
    • And these producers will have access to cheap home-grown renewable electricity to power their operations, making them more internationally competitive.
    • Read more:
      Dutton wants Australia to join the "nuclear renaissance" – but this dream has failed before

But how competitive are we?


    So far, so good. But many countries are developing a renewable energy capacity. Those that can produce renewable energy at least cost will come out on top. That comes down to three factors:
    • We determined where renewable energy could be produced most cheaply and how costs varied across the land mass.
    • Based on the lowest cost site in each region, we estimate the three most competitive global regions for producing renewable energy will be India, Western Europe and China.
    • (Cheaper installation can also be the result of lower labour costs or, as in the case of Western Europe, a more competitive installation sector.)
    • Read more:
      The earth might hold huge stores of natural hydrogen – and prospectors are already scouring South Australia for it

Staying competitive

    • Australia’s potential to produce renewable energy at globally competitive prices promises to negate the economic pain of the energy transition.
    • Other nations have competitive advantages that outweigh our bounty of wind and sun.
    • The main priority is to make our installation sector more competitive.

Shandong Energy and Huawei Launch World's First Commercial Large AI Model for Energy Sector

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星期三, 七月 19, 2023

JINAN, China, July 19, 2023 /PRNewswire/ -- On July 18, 2023, Shandong Energy Group (Shandong Energy), Huawei, and Yunding Technology jointly launched the Pangu Mine Model, the world's first commercial large AI model for the energy sector.

Key Points: 
  • JINAN, China, July 19, 2023 /PRNewswire/ -- On July 18, 2023, Shandong Energy Group (Shandong Energy), Huawei, and Yunding Technology jointly launched the Pangu Mine Model, the world's first commercial large AI model for the energy sector.
  • As the pioneers of the world's first commercial use of large AI models in the energy sector, Shandong Energy, Yunding Technology, and Huawei have begun implementing the first set of AI applications for mining.
  • Shandong Energy has managed to address this challenge in its Lilou and Xinjulong coal mines by deploying the large AI model.
  • The launch of the first commercial Pangu Mine Model has injected new impetus into the high-quality development of the mining industry and the energy sector at large."

Shandong Energy and Huawei Launch World's First Commercial Large AI Model for Energy Sector

Retrieved on: 
星期三, 七月 19, 2023

JINAN, China, July 19, 2023 /PRNewswire/ -- On July 18, 2023, Shandong Energy Group (Shandong Energy), Huawei, and Yunding Technology jointly launched the Pangu Mine Model, the world's first commercial large AI model for the energy sector.

Key Points: 
  • JINAN, China, July 19, 2023 /PRNewswire/ -- On July 18, 2023, Shandong Energy Group (Shandong Energy), Huawei, and Yunding Technology jointly launched the Pangu Mine Model, the world's first commercial large AI model for the energy sector.
  • As the pioneers of the world's first commercial use of large AI models in the energy sector, Shandong Energy, Yunding Technology, and Huawei have begun implementing the first set of AI applications for mining.
  • Shandong Energy has managed to address this challenge in its Lilou and Xinjulong coal mines by deploying the large AI model.
  • The launch of the first commercial Pangu Mine Model has injected new impetus into the high-quality development of the mining industry and the energy sector at large."

A combination of social, organizational and technical factors caused the Titan's implosion

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星期四, 七月 6, 2023

But perhaps the OceanGate Titan submersible craft was doomed from the start.

Key Points: 
  • But perhaps the OceanGate Titan submersible craft was doomed from the start.
  • Given the disaster, it is surprising that the advertising web pages for future Titanic excursions have not yet been taken down.
  • Perhaps, it is reflective of a rapidly evolving situation with a company in crisis.

Reasons for failure

    • Concepts explaining the Titan’s failure can be traced back to ideas developed 45 years ago.
    • Barry Turner, an organizational sociologist and safety pioneer, studied long-forgotten disasters.

Normal accidents

    • An accident, then, could be considered an inevitable — normal — outcome.
    • Perrow sought to establish a basis for understanding why accidents will happen involving high-risk systems that someone has decided we cannot live without.
    • Accidents due to manned exploration of a treacherous 111-year-old shipwreck site, while tragic, are limited to direct participants.

High-reliability organizations

    • Dangers of normal accidents were balanced against the safety culture of high-reliability organizations.
    • In supporting the safe management of complex technologies, high-reliability organizations emerged.
    • Notwithstanding rare exceptions resulting in disasters like Chernobyl or Fukushima, nuclear power plant operators are high-reliability organizations.

Acknowledging complexity

    • They accept that the tasks at hand are complex, with a real potential to fail in new unexpected ways.
    • Photographs of the interior of the ill-fated Titan submersible show bare walls with no resemblance to a stereotypical cockpit with its bells and whistles.

A wake-up call

    • If not doing so at present, these companies should mimic the organizational culture of high-reliability organizations.
    • Read more:
      What was the 'catastrophic implosion' of the Titan submersible?

Why the impacts of climate change may make us less likely to reduce emissions

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星期五, 六月 30, 2023

A warm, dry spring allowed the tinder to accumulate and lightning storms in early June lit the match, dramatically escalating 2023’s fire season.

Key Points: 
  • A warm, dry spring allowed the tinder to accumulate and lightning storms in early June lit the match, dramatically escalating 2023’s fire season.
  • Canadian scientists warned about the role of climate change in fuelling wildfires in 2019.
  • Climate change may not cause fires, but it does significantly increase the likelihood they will occur and, globally, wildfires are expected to increase by 50% this century.

The broader consequences of climate change

    • Climate change threatens to widen inequalities within and between countries.
    • This is because poorer people are typically more exposed to the effects of climate change and more vulnerable to harm as a result of them.
    • Climate change is also expected to increase migration.
    • Finally, climate change is expected to heighten the risk of conflict and violence.

Authoritarian populism

    • Right-wing politicians have successfully exploited the narrative around these issues which climate change is inflaming: immigration, economic inequality and global insecurity.
    • The absence of a global consciousness and a willingness to cooperate, which is inherent to this politics, would make maintaining a safe climate almost impossible.

The freedom that’s left

    • One reason is that there is some evidence that experiencing extreme weather increases support for climate action.
    • So the effects of climate change may not just push people away from an appropriate political response.
    • Researchers suggest that poverty and inequality are more important drivers of conflict and migration than climate change.
    • Nonetheless, understanding how climate change may indirectly influence politics is crucial to finding a politics appropriate to the challenges we face.

South Africa Coal Mining Industry Report 2023: Production, Price and Trade Statistics, Major Players, Developments and Corporate Actions - ResearchAndMarkets.com

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星期三, 六月 28, 2023

The "The Coal Mining Industry in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "The Coal Mining Industry in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.
  • This report on the coal industry in South Africa includes comprehensive information on the size and state of the sector including production, price and trade statistics, as well as information on the major players, developments and corporate actions.
  • There are profiles of 14 notable coal mining companies including Seriti Resources, Thungela Operations, Exxaro Resources, Sasol Mining, ARM Coal, Glencore and Canyon Coal.
  • Mining companies are facing increasing pressure to cease their coal mining activities and some local financial institutions are scaling back their funding of coal mining projects.

COUNTRY MUSIC HALL OF FAME® AND MUSEUM TO OPEN NEW EXHIBITION, PATTY LOVELESS: NO TROUBLE WITH THE TRUTH

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星期三, 六月 28, 2023

NASHVILLE, Tenn., June 28, 2023 /PRNewswire/ -- The Country Music Hall of Fame® and Museum will explore the life and career of Country Music Hall of Fame member-elect Patty Loveless in a new exhibition, Patty Loveless: No Trouble with the Truth .

Key Points: 
  • NASHVILLE, Tenn., June 28, 2023 /PRNewswire/ -- The Country Music Hall of Fame® and Museum will explore the life and career of Country Music Hall of Fame member-elect Patty Loveless in a new exhibition, Patty Loveless: No Trouble with the Truth .
  • "Patty Loveless achieved lasting success by merging traditional country music styles with a modern sensibility in her song choices and musical arrangements," said Kyle Young, CEO of the Country Music Hall of Fame and Museum.
  • "As a 12-year-old, I didn't want to set the world on fire, I just wanted to play and sing music.
  • Loveless has won five Country Music Association awards, two Academy of Country Music awards and two Grammys.

R.E.A. Holdings plc: AGM Statement

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星期六, 六月 10, 2023

Replanting and extension planting are proceeding in line with previously announced programmes.

Key Points: 
  • Replanting and extension planting are proceeding in line with previously announced programmes.
  • It is planned to open a third pit to mine this additional coal as the southern pit becomes fully mined out.
  • In addition, IPA and ATP are exploring options for refinancing a portion of their existing loans from the group.
  • Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.