Australian government analysis warns that reliance on Indian coal imports poses ‘significant risk’

first_img FacebookTwitterLinkedInEmailPrint分享The Guardian:Thermal coal exporters face “significant risk” that demand from India will decline, a report by the Australian office of the chief economist says. It also warned of long-term uncertainties in the market considered a “great hope” by miners.The report, released on Friday, came as the resources minister, Matt Canavan, prepared to visit India to promote the Australian resources sector. He argued India has an “astonishing” appetite for Australian thermal coal that could support “three to four new Adani-sized coalmines.” But those comments appeared at odds with the conclusions of the government’s economic advisers: that while India and southeast Asia were seen by the resources industry as a “bright light” that could help sustain Australian thermal coalminers as industrialised nations pivot away from fossil fuels, the outlook in India was “finely balanced and uncertain.”“While India is one of the great hopes for thermal coal exporters, alongside southeast Asia, it also presents significant risk,” the first paragraph of the report said. “If India’s thermal coal imports decline, there could be substantial implications for seaborne markets.”The argument being pushed by advocates of the thermal coal sector, that growth in these new markets could support new mines – or a new coal basin – ignores the more dramatic shifts away from coal in developed economies, analysts said.Tim Buckley, the director of energy finance studies at the Institute for Energy Economics and Financial Analysis, said: “The hope was that India and southeast Asia might provide something of a cushion [for the thermal coal industry] on the way down. But this isn’t a gentle slide to oblivion.”Buckley said solar power in India was three times cheaper than the assumptions used in the chief economist’s report, based on outdated IEA predictions. “They’re underestimating the importance of low-cost renewable energy,” he said. “Growth of thermal coal demand in India is financially challenged by the fact renewable energy is 30% cheaper, so what bank in their right mind would finance a new coal-fired power plant?”More: Australian thermal coal exporters warned of falling demand from India Australian government analysis warns that reliance on Indian coal imports poses ‘significant risk’last_img read more

OECS Rejects US Bill Classifying Cuban Medical Brigades as Human Trafficking

first_imgInternationalLifestyleLocalNewsRegional OECS Rejects US Bill Classifying Cuban Medical Brigades as Human Trafficking by: – June 22, 2020 Share Sharing is caring! Share Tweetcenter_img 256 Views   one comment Share                           Cuban Medical Team arrives in Dominica on March 29, 2020Statement by the Organisation of Eastern Caribbean States on Cuban Medical BrigadesSunday, June 21, 2020 — The Organisation of Eastern Caribbean States (OECS) expressed its deep appreciation to the Republic of Cuba for the medical support provided to six (6) member countries of the Organisation to assist with efforts to combat the spread of the novel Coronavirus (COVID-19) pandemic in the OECS and wider Caribbean region.The provision of specialised health care through the Henry Reeve International Medical Brigades has not only augmented the scarce medical resources of OECS Member States but has provided assurance to the general populations of the region’s capacity to fight and manage COVID-19.  Four hundred and seventy-three (473) Cuban medical personnel are working alongside their Caribbean counterparts in eight countries (Antigua and Barbuda, Barbados, Commonwealth of Dominica, Grenada, Jamaica, St. Kitts and Nevis, Saint Lucia, and St. Vincent and the Grenadines) to assist in managing the spread of COVID-19.Cuba’s support to the health sector in the Caribbean has a long and exemplary history that has benefitted numerous Caribbean citizens.  One noted invaluable assistance to the region is “Operation Milagro” – a programme which provides free eye medical treatment to OECS nationals requiring interventions to prevent blindness or to restore vision.  These conditions include cataract, diabetic retinopathy and other reversible types of visual impairment.  The OECS acknowledges with gratitude the extensive global contributions of Cuba, particularly in the fields of health and disaster management, this in spite of its material limitations and the economic hardships resulting from US imposed sanctions.The Organisation notes with deep concern and repudiates the recent bill introduced by Republican Senator Rick Scott which classifies Cuba’s humanitarian assistance as “human trafficking” and seeks to extend punitive measures against countries accepting this medical assistance.The OECS Authority greatly values the work of the Henry Reeve Medical Brigades and has reiterated its desire to work with ALL friendly Governments that offer tangible support in the face of the grave existential threat posed to lives and livelihoods in the small island states of the Caribbean.  (OECS)last_img read more

A terrible season for Steelers if dead offense isn’t revived

first_imgTAKING A BREAK?—Steelers laying on the ground everywhere illustrates what most fans felt about the game they played against the Tennessee Titans. (Photo by Thomas Sabol)It’s going to be a sad, sad week in Pittsburgh. The Steelers just played one of the worst offensive games in its history against one of the worst teams in the NFL and it doesn’t look like things are going to get any better.We all cried and mourned about a weak offense last year but most felt a healthy Ben Roethlisberger would pull it all together and everything would be alright in 2013. Especially with the youngsters gaining more experience on the offensive line. Well it isn’t.Some like me predicted the Steelers would go 10-6 if they beat the Tennessee Titans, this would mean they are beating the teams they are supposes to beat, while splitting with the good teams. Well, if they can’t beat the poor teams, who are they going to beat? So if they don’t get back on track it could 6-10.The offense could not score against an average defense until the final minutes of the fourth quarter after the Titans gave them 2 points at the beginning of the game and handed them the ball.The defense which has been the No. 1 ranked defense in the NFL the past two years, but still receives most of the media criticism, once again was outstanding despite being put in constant poor field position because the offense couldn’t move the ball.For some strange reason the Steelers let go their best back. Jonathan Dwyer led the Steelers last season in rushing and was the only bright spot among the backs during the preseason as he was the top rusher and was a good receiver. But he was released for a bunch of players who really haven’t done anything in the NFL. They looked good during the preseason. But that was preseason.The ground game was none existent. They picked up a whooping 32 yards total.The new offensive line did not impress either and things got worse when the best player on offense, Maurkice Pouncey was injured in the first quarter and missed the rest of the game. He’s out for the season. The line is made up of Pouncey at center, David DeCastro, Marcus Gilbert, Mike Adams and Ramon Foster.But it wasn’t all the line and running backs. Ben overthrew and under threw his wide receivers all day, and the wide receivers could not create any separation for the passing game to have any kind of success.But the good thing about it was that it was only one loss and the three other teams in the division also lost. Baltimore Ravens to the Denver Broncos 49-27, the Cleveland Brown 23-10 to the Miami Dolphins and the Cincinnati Bengals 24-21 to the Chicago Bears.The Steelers face the much improved Bengals Monday night. This is a team that many feel will not only be in the playoffs but will challenge for the AFC championship if they can get out of the tough AFC North.The defense stopped the Titans air attack, and even though they bent against what will probably be the first or second best rushing team in the league this season, they held them to just 16 points which would have been more than enough for most teams to win.last_img read more

Afghanistan outshine their own record with 12 successive T20I wins

first_imgAdvertisement crsNBA Finals | Brooklyn Vs3uacWingsuit rodeo📽Sindre E8641( IG: @_aubreyfisher @imraino ) 6woWould you ever consider trying this?😱8lxdCan your students do this? 🌚0siRoller skating! Powered by Firework Afghanistan created a new world record of twelve consecutive T20 international victories with a 25-run victory over Bangladesh in Dhaka on Sunday. Mohammad Nabi and Mujeeb Ur Rahman were the star, as they excelled their own record of 11 consecutive wins which was set in 2017. Nabi with his unbeaten 84 from 54 balls helped Afghanistan reach 164-6 before the youngster Mujeeb claimed his career-best figures of 4-15 to bowl out the hosts for 139 in the second match of the tri-nation T20I tournament.Advertisement The Afghans winning streak started in February last year, after they beat Zimbabwe twice in Sharjah. Their next opponent Bangladesh were whitewashed 3-0 in India followed by a 2-0 away series win against Ireland. They defeated Ireland three more times before claiming two victories in the ongoing tri-series at Bangladesh.Advertisement In the second match of the tri-series Afghanistan won the toss and elected to bat first and were immediately in danger after scoring 40 runs for the loss of 4 wickets in just 6 overs. Nabi, who took home the man of the match trophy, helped his side recover with his fourth T20I fifty, hitting three boundaries and seven sixes along the way. The veteran was supported from the other end by former skipper Asghar Afghan as the duo shared a 79 runs partnership for the fifth wicket.Setting a target of 164, Mujeeb scalped three wickets in his opening spell and reduced the hosts 32-4 before Mahmudullah and Sabbir Rahman put on 58 runs for the fifth wicket. Their resistance was broken by Gulbadin Naib who removed Mahmudullah at 44 before Mujeeb ended Sabbir’s innings in his final over to surpass his previous best of 3-17 against Ireland. Naib ended his spell at 2-27 while skipper Rashid Khan and left-arm pacer Fareed Malik also took two wickets each.Advertisement    Advertisementlast_img read more

Indian naval ships pay goodwill visit to Lanka

first_imgColombo, Nov 3 (PTI) Two Indian naval ships are on a five-day goodwill visit to Sri Lanka to participate in a number of training exercises in a bid to share professional expertise and strengthen friendship.The ships crews will also take part in a series of friendly sports events and community service activities organised by the Sri Lanka Navy during their stay in the country, Daily Mirror reported.Indian Naval Ships Tir and Sujatha and the Indian Coast Guard ship Sarathi arrived at the Colombo port yesterday on a goodwill and training visit, the report said.The ships crews will also take part in a series of friendly sports events and community service activities organised by the Sri Lanka Navy during their stay here.The Commanding Officers of the visiting Indian ships Captain D J Revar, Commandant Pankaj Agrawal and Commander KB Singh called on Sri Lankan Navys Commander Western Naval Area Rear Admiral Niraja Attygalle at the Western Naval Command Headquarters.They held cordial discussions on matters of mutual interest and exchanged mementos to mark the occasion.The Defence Advisor attached to the Indian High Commission in Sri Lanka Captain Ashok Rao was also present on the occasion.The visit took place amidst an increase in military ties with Sri Lanka.Last month, vessels from the Sri Lankan Navy completed a set of military exercises in India. The Indian government also provided an Offshore Patrol Vessel to the Sri Lanka Coast Guard. PTI CORR UZMlast_img read more