Coal Age

MAR 2019

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Page 11 of 51

10 March 2019 leading developments continued Conuma Coal Resources Ltd. hired John Scha- dan as president to succeed Mark Bartkoski who stepped down on March 31. Schadan has more than 30 years of experience in Canadian mining, including as president of Westmore- land Coal Co., and positions with Luscar Ltd., Manalta Coal Ltd., Fording Coal, Ltd., and most recently as vice president of operations for KMC Mining Corp. Whitehaven Coal Ltd. appointed Lindsay Ward as a nonexecutive director to the company's board of directors. Ward will also join the com- pany's Audit & Risk Management Committee and Health, Safety, Environment & Community Committee. Austin Powder Co. announced that Jason F. Rawlings has joined the company as its new president. Rawlings succeeds Dave True. In his last role, he led the sales efforts for the compa- ny, globally, as the executive director of sales and marketing. Arch Coal Inc. announced that Holly Keller Koep- pel, a former senior executive in both the utility and financial services industries, and Robert Brewster Hamill, a retired managing director at Jefferies and Co., have been elected to its board of directors. Most recently, Keller Koeppel served as managing partner and head of Gateway Infrastructure Investments LP and as partner and global co-head of Citi Infrastructure Investors at Citigroup Inc. Koeppel currently serves on the boards of AES Corp., B.A.T. Industries PLC, and Vesuvius PLC. Brewster Hamill recently retired from Jefferies and Co., where he had served as managing di- rector of high-yield bond and leveraged loan sales since 2008. Scott Vogel, who has been an Arch director since October 2016, will not stand for re-election at the annual meeting in May. Double Coin and CMA announced three organizational changes. Tere- sa Galvan has been promoted to di- rector of strategic operations. Jack- ie Concepcion is CMA's new director of customer service. Prior to CMA, she was team leader at CAMSO. p e o p l e i n t h e n e w s able for distribution to our common unitholders in 2019." Foresight intends to use its excess cash flow for debt repayment and dis- tribution to its common unitholders. Moore said Foresight is profiting from its ability to serve some new do- mestic markets. "What we're seeing is as utility customers are unable to find coal that they have historically been able to source, they are looking out- side of the box and coming up with what I'll refer to as blends of coal, that allow them to meet the specifications of their specific boilers, and we're try- ing to take advantage of that where we can. Given our low-cost platform, we're able to blend our products with other coals that allow that other product maybe to be stretched a lit- tle bit more and it's allowing us to hit some new markets." In response to a question, Moore said the combustion event at Deer Run "is no longer an issue." The com- pany sealed the area where the event occurred and is now in a new longwall district. "We have resumed the devel- opment of a panel that existed in the new district." Foresight is working with regulators "to gain a ventilation plan that allows us to ventilate the longwall," he noted. Germany Will Import 45M MT of Coal in 2019 Germany is expected to import 45 million metric tons (mt) of hard coal this year following the closure of do- mestic mines, according to data from VDKI. This is a 1.4% rise from 2018 fig- ures, as additional coal is purchased to ensure there is no shortage of sup- ply, despite the increasing amount of renewables coming on to the grid, ac- cording to Energy Live News. Around 30 million mt is expected to be used for power generation, with the other 15 million mt to be made up of coking coal and coke for steel-mak- ing. Germany's last two hard-coal mines closed at the end of last year as part of a move to shift from unprofit- able mining to imports. Green power made up 40% of total generation in 2018, resulting from Germany's drive to replace fossil fuels. Posco E&C Wins Power Plant Deal in Mexico South Korea's Posco Engineering & Construction Co. (Posco E&C) said it has won a $100 million project to build a 100-megawatt (MW ) com- bined heat and power plant for Mexi- co-based Ener AB. The plant will be established in Coahuila, Mexico, to supply stable power to the Magnelec chemical plant nearby. Posco E&C aims to com- plete the construction in 24 months from its commencement date. Ener AB is a joint-venture be- tween U.S.-based power company AES and Mexico's Grupo Bal. Leading Developments Continued from Page 5 John Schadan Lindsay Ward Jason F. Rawlings Holly Keller Koeppel Teresa Galvan Jackie Concepcion

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