International news within the industry of mining and metal, Apr, 24 2019
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Higher emission costs increase pressure on European coal power producers

Higher emission costs are bad news for coal power producers. Photo: Creative Common, Credit: Stafichukanatoly
Higher emission costs are bad news for coal power producers. Photo: Creative Common, Credit: Stafichukanatoly
Published by
Markku Björkman - 22 Aug 2018

The EU's efforts to strengthen the ETS emissions trading system will begin to yield results. Only this year, the price of European emission allowances has risen by just over 120 percent. On Tuesday, the price of a European emission allowance (EUA) increased by another five percent and is currently being traded at 19.70 euros, which is the highest level of ten years, writes VA Insight.

The analysts say that the upward trend will last. Several price forecasts indicate that the price may increase to between 35 and 40 euros next year.

The market is expected to get an extra boost of ongoing discussions to tighten up the EU emission target by 2030. Today, the emission reduction target is set at 40 percent compared to 1990 levels. According to the EU Commission, within the existing cost framework, it would be possible to raise the ambition level to 45 percent.

A spokesman for Energy Commissioner Canete states that the Commission just started talks with the member states in order to achieve an ambition.

Higher emission costs are good news for power producers with a lot of nuclear power and renewable in the product portfolio while reducing the price gap between gas and coal-produced electricity. According to current forecasts, the emission cost of a megawatt power plant will be around seven euros already next year.

However, everyone is not as satisfied. In Germany, several industry representatives expressed concern that development threatens to lead to unsustainable energy prices and put the country's industrial competitiveness at stake.

Source: VA INsight
 

The property lies in the famous Cobalt province and is approximately 47 km south of the town of Cobalt. The picture shows an old mine in the town of Cobalt. In the early 1900s, the area was heavily mined for silver; the silver ore also contained cobalt. By 1910, the community was the fourth highest producer of silver in the world. Mining declined significantly by the 1930s, together with the local population. In late 2017 one publication referred to Cobalt as a ghost town, but the high demand for cobalt, used in making batteries for mobile devices and electric vehicles, is leading to great interest in the area among mining companies. Photo: Wikipedia, credit: P199
The property lies in the famous Cobalt province and is approximately 47 km south of the town of Cobalt. The picture shows an old mine in the town of Cobalt. In the early 1900s, the area was heavily mined for silver; the silver ore also contained cobalt. By 1910, the community was the fourth highest producer of silver in the world. Mining declined significantly by the 1930s, together with the local population. In late 2017 one publication referred to Cobalt as a ghost town, but the high demand for cobalt, used in making batteries for mobile devices and electric vehicles, is leading to great interest in the area among mining companies. Photo: Wikipedia, credit: P199

Quantum Cobalt Completes First Pass Exploration Near Temagami, Ontario

Sotkamo Silver consists of the parent company, Sotkamo Silver AB, with one wholly-owned subsidiary in Finland: Sotkamo Silver Oy. Sotkamo Silver develops silver, gold and zinc deposits in the Nordic region. The Company has completed the Definitive Feasibility Study for the Silver Mine project and is working on project financing issues. Photo: Sotkamo Silver
Sotkamo Silver consists of the parent company, Sotkamo Silver AB, with one wholly-owned subsidiary in Finland: Sotkamo Silver Oy. Sotkamo Silver develops silver, gold and zinc deposits in the Nordic region. The Company has completed the Definitive Feasibility Study for the Silver Mine project and is working on project financing issues. Photo: Sotkamo Silver

New silver mine opened in Finland

"150 trucks pro year"

The production of the first silver mine in Finland has started in Sotkamo. the mine of the Sotkamo...

The joint initiative called HYBRIT of SSAB, LKAB and Vattenfall – here with their three representatives at the fair, from right, Martin Pei technology manager at SSAB, Jan Moström CEO of LKAB and Martin Lindqvist, CEO of SSAB. HYBRIT is now on exhibit as an exciting sustainability collaboration at one of the worlds largest industrial trade fairs in Hanover. The CEOs of the three companies are in Germany to show the rest of Europe that it is possible to produce fossil free steel. Photo: SSAB
The joint initiative called HYBRIT of SSAB, LKAB and Vattenfall – here with their three representatives at the fair, from right, Martin Pei technology manager at SSAB, Jan Moström CEO of LKAB and Martin Lindqvist, CEO of SSAB. HYBRIT is now on exhibit as an exciting sustainability collaboration at one of the worlds largest industrial trade fairs in Hanover. The CEOs of the three companies are in Germany to show the rest of Europe that it is possible to produce fossil free steel. Photo: SSAB

The Swedish steel industry exposes at the Hanover Fair

"revolutionary steel industry changeover"

- The Swedish initiative for fossil-free steel production, HYBRIT, participates this week at the...