Background Image
Previous Page  8 / 36 Next Page
Information
Show Menu
Previous Page 8 / 36 Next Page
Page Background

8

Mining People Magazine

www.miningpeople.org

MINING PEOPLE COMMENTS

“Instead of pouring money into divi-

dends and buybacks, the nation’s

largest coal producers say they’re

hoarding cash

to weather what they

see as an impermanent storm. Overall,

the industry returned more than $1 billion

to investors last year before retrenching.

The goal this year: Be ready to start min-

ing again and paying dividends at the first

sign of a market revival. That’s betting

the prices will bottom out in the first half

of 2020 before rising in the second half

as production declines and global con-

sumption gains.”

–Will Wade, Bloomberg Green.

“There are currently 19 operating fa-

cilities worldwide that can capture,

compress, transport and store CO2,

according to the Global Carbon Cap-

ture and Storage Institute.

While sev-

eral dozen more facilities are in develop-

ment, we are an order of magnitude off

what’s needed. According to the Institute,

2,000 carbon capture facilities need to

be up and running by 2040. Fortunate-

ly, bipartisan support in Washington to

greatly expand CCS development and

deployment is matched by voter willing-

“Coal generation has turned out to be a surprising bright

spot in energy tech’s universe of late.

Evidence of that came

in the U.S. Department of Energy’s far-sighted “CoalFIRST” initia-

tive, which aims to develop small, modular coal plants of the fu-

ture that adapt to the changing electric grid and produce power with

near-zero carbon dioxide emissions. Under CoalFIRST, DOE has

earmarked up to $100 million for coal research and development

projects. Thirteen projects were selected last year for early-stage

research and development. The new generation of coal plants will be small compared

to conventional coal plants, ranging from 50 to 350 megawatts. But they will have

high overall efficiency – 40 percent or greater heating value than today’s plants – and

consume less water. With the ability to capture carbon for underground storage, new

coal plants will be on target to provide electricity in the years ahead with near zero-

carbon emission.”

– Michael D. Mann, executive director, Institute for Energy Studies at the University of

North Dakota College of Engineering & Mines.

ness to see the US take just such a lead-

ership role. In a recent poll, when asked

whether the US should assume global

leadership in developing and deploying

advanced coal and emissions-reduction

technologies, 63 percent of respondents

said yes; just 11 percent disagreed, with

the remainder not offering an option.”

– Count on Coal (

countoncoal@nma

.

org.)

“Coal remains a vital

source of the always-on

energy that powers our

economy,

and we must

continue working to ensure

the market properly values

the reliability and resiliency characteris-

tics brought to the nation’s grid, as well

as to develop new technologies and in-

vest in research to help meet global en-

ergy demand. We will continue working

on these priorities and others to ensure

reliability, good-paying jobs, and afford-

able energy prices for businesses and

consumers.”

–North Dakota Senator

John Hoeven, Williston Herald.

“The challenge of meeting soaring

global energy demand while simulta-

neously reducing emissions

begs for

breakthroughs in technologies that can

MOVES…

YOUR

Drawings

TO

Fabrications

Because

we

share

your

vision.