Yancoal's Contribution To The Australian Economy

In the United States, 42 percent of the nation’s electricity is generated by burning coal as coal is cheap and plentiful.

China produces half of the world’s coal, and 70% of china’s energy is produced by burning coal, about the same as Australia. China has burned about 3.8 Billion tons of before 2011, and the rest of the world has burnt 4.3. Coal burning produced about five billion tons of carbon dioxide in china in 2004.

Domestic ,agriculture ,and industry are growing each year rapidly (Doc C). Coal is one of china's biggest malfunction a huge water usage (Doc D). Agriculture uses a ton of water (Doc C).Domestic, Agriculture,and industry are growing each from 1980 to 2011 it has grow 450 billion cubic meters. Coal is one of the greatest malfunction lots of money from it and it keeps grown the are going to keep using more and more water. Because coal uses humongous amount of water.

It produces a great deal of our electricity; however, we don’t spend a lot of time thinking about the implications. As Goodell notes on the first page, “We love our hamburgers, but we’ve never seen the inside of a slaughterhouse.” Isn’t that the truth? When we fuel up our cars, we don’t think (much) about the ramifications of our oil dependence. When we flip a light switch, we do not associate that with the coal-driven mountaintop removals in West Virginia. In this book, “BIG COAL” Jeff describes Goodell thrusts those associations right in your face. He covers the history of the industry, tells the stories of the people in and around the business, and while most of the book is based on U.S.-happenings, he does spend a chapter in China. We would imagine the coal industry was none too pleased with Big Coal because it paints a really ugly picture of the industry. Goodell contrasts the coal industry with the individuals whose lives have been negatively impacted by coal in one way or another. He details corruption and politics that allowed the industry to delay implementation of pollution control equipment. And on a big picture level, he argues that continued usage of coal poses a serious threat to the earth’s

When I go to my home where I grew up it is all electrical produced and the main producer of that electricity is from coal a fossil fuel. In that area coal is one of the primary exports of that area. (Administration,

Nowadays, coal is still one of the greatest used energy to generate power in so many countries. Using coal in electricity generation is 93% in South African, 87% in Poland, 79% in China, 78% in Australia, 45% in USA, 41% in Germany, 58% in Israel etc. (Coal & Electricity) From the data above, even the developed countries use coal to generate power as the main source. In many developed countries, energy generation is still based on coal as a long-term source. In recent years, although there is an increasing number of equipment using gas and wind to generate the power, it is still lower than the proportion of coal-fired power generation. The reason why most countries choose coal as a main source to generate electricity, is that there are many advantages in using coal to generate electricity. First of all, coal is the

Coal power is the cheapest fuel to power the ever growing population with Australian mining industry still putting in billions of dollars into a vast amount of coal projects never the less coal power is a fossil fuel, a fuel which takes hundreds of year to form so the future of coal is undetermined. Coal is a reliable power source but one of the many concern with coal is the mining process used to remove it from the ground. Ecological effects are developing worries for the industry, with the carbon emissions possibly contributing to global warming.

Coal’s reputation has become as black as coal itself, but without it the quality of life that hundreds of millions of people enjoy today would not be possible. Coal has been used in many ways throughout history and it will continue to be a vital resource in supplying the energy needed to fuel an energy hungry world. Research cited throughout this paper suggests that coal is an energy source for the future because it is stable and reliable with abundant reserves, it is the most affordable and efficient fuel source used to produce power, and because of new clean coal technologies, coal can be burned with minimal to no damage to the environment.

This report will detail the state of the Australia economy using key economic indicators, and provide an analysis and pinpoint any economic problems. Using this information it will further provide recommendations how to apply the monetary policy in the short and medium term to help the Australian government achieve its main economic objectives. Finally it will state the effects of these recommendations using three outlined economic criteria.

As far back as the Roman Empire, and indeed probably long before then, coal has been used by humans as a source of heat, providing many advantages over wood, charcoal and other fuels. However, it wasn 't until the introduction of the steam engine that coal became a major part of shaping the world. Fueling the industrial revolution, the high energy concentration of coal made it the standard source of everything from trains to power plants. Coal companies claim that coal, though not perfect, is the best source of energy at this moment, and the negative effects are being mitigated even as we speak. Consumers have a high demand of energy, that cannot be sated by other sources. To this very day, coal continues to drive forward the world, but

A leader of coal production in the US, CONSOL Energy, Inc. produced 56.0 million tons of bituminous coal in 2013 and the product continues to be the company’s leading producer of revenue. The company’s underground coal mines hold reserves of 4.2 billion tons of coal. CONSOL mines and markets its coal for energy utilities in the US and industrial manufacturing domestically and internationally. CONSOL’s continued success in the coal industry translates into consumer trust of the company’s stability held by its core coal operations, even as CONSOL diversifies and transitions into the natural gas industry.

Becuase it is a stable energy source there is no sudden scarcity (you can experience sudden scarcity with Natural Gas). The textbook says, “Coal is the most abundant fossil fuel in the world. Every continent has coal, but almost two-thirds of known deposits occur in three countries- The United States, Russia, and China.” (Allison 161). Another reason is, there is plenty enough coal to last us for a long while. In December of 2014 there was 1.2 trillion short tons of coal in the United States. One last reason it is good for the environment is because it is good for foreign and developing countries. It is good for these countries because they produce lots of coal, especially Australia. Australia was big for its coal becuase it was produced by coal fired power

While technology has led the world into such an advanced setting with intelligent machinery and automated devices, coal has remained a loyal contributor of the energy needed by these various types of equipment to function properly. Almost half of the electricity in the United States is produced in coal plants where coal is burnt to produce this energy [1]. Both beneficial and detrimental factors come with this alternative source of energy, known by the world for centuries.

The coal industry is a market that over the years has decreased in size. “Cheaper natural gas and tougher environmental regulations” as told by The New York Times, has depleted the need for coal companies and made it extremely hard for them accomplish the necessary tasks needed to get coal. The problem with coal is the amount of damage it does to the environment. Coal is a very dirty job that does a lot of damage to the environment and costs millions to cleanup. Recently, many coal companies have gone bankrupt from from having to meet regulations and clean up their mines. A recent uproar has come about over Alpha Natural Resources. “Once a high-flying coal company that borrowed millions” now is in extreme debt and is closing down many of its

Luotang Power is a coal-fired power plant located in central China. This company is a subsidiary of China Hua Tong Power (HT Power). The main activity of this company is to generate electricity. Luotang Power operates using a 600 MW coal-fired power plant and sells the generated power to their primary customer, the Hubei Provincial Power Company (HPPC). HPPC was the only company in Hubei Province that owned all the power transmission and distribution facilities and independently owned power plants operating in the province. The coal is supply by Pingdingshan and according to the contract, it is required to supply low sulfur bituminous coal that met certain quality specifications.