Commentary: ‘Bearish Risks Dominate’ Across Global Coal Industry

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:Moribund global demand growth and volatile pricing are what coal producers face in the next five years, with not even some bright spots in Asia able to outweigh a bleak outlook for Europe and the United States, and lower consumption in top user China.That’s the central message of the International Energy Agency’s Coal 2017 report, which outlines a future in which coal remains a significant source of global energy, but one that is decreasing in importance.Global coal demand will grow by only a compound 0.5 percent a year over the 2018-22 period to 5,534 million tonnes of coal equivalent (mtce), up just 177 mtce from 2016’s consumption, the IEA said.Top consumer China is expected to drop 0.1 percent a year to 2,787 mtce by 2022, while demand in the United States will fall 0.9 percent per annum over the five-year forecast period, and that in developed countries in Europe by 1.6 percent per annum.India remains the best hope for coal producers, with thermal coal demand expected to climb 3.3 percent a year to 605 mtce by 2022.Positive contributions to growth are also expected from newer consumers such as Pakistan and countries in Southeast Asia.But overall, it’s pretty grim reading for coal miners, traders and their political backers, such as U.S. President Donald Trump and the ruling Liberal Party in top exporter Australia.The IEA report also continues a trend of increasingly bearish forecasts from the agency, as it has steadily reduced its expectations for coal’s share of global energy.The IEA’s 2012 coal report forecast that global coal consumption would rise to 6,169 mtce in 2017, but the reality has turned out somewhat differently.The IEA didn’t provide a forecast for 2017 in its latest report, but said demand in 2016 was 5,357 mtce and estimated 2018 at 5,445 mtce.In other words, the IEA’s forecasts from five years ago were too optimistic for the industry, even if they seemed reasonable and quite cautious at the time they were published.More: Coal’s bleak future is stagnant demand, volatile trading: Russell Commentary: ‘Bearish Risks Dominate’ Across Global Coal Industrylast_img read more

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European Commission’s proposed Shareholder Directive ‘too detailed’

first_imgMeanwhile, Rients Abma, chief executive at Eumedion – the Netherlands-based corporate governance and sustainability forum of 69 institutional investors, representing €3trn in assets – warned of potential conflicts of interest arising from proposed rules for related party transactions.He said shareholders with conflicting interests should not have voting rights on disputed transactions.Peter Montagnon, panel moderator and associate director of the Institute for Business Ethics, said the European Commission had ignored stakeholders during extensive consultations.“Nobody has identified why this proposal is a good idea,” he said.Eumedion’s Abma said his organisation supported the Commission’s proposal, which he described as “balanced”, but he argued that it was nonetheless “too detailed”.“More shareholders’ rights, for increased checks and balances within listed companies, should come with additional responsibilities, such as increased transparency on voting and engagement,” he added.In Abma’s opinion, the Directive would make voting in other EU countries easier.Eumedion went on to say that the proposed identification arrangements would not create a level playing field between companies and shareholders, as the latter would be unable to identify fellow shareholders.On another panel, Winfrid Blatschke, senior corporate affairs economist at the OECD, said risk management needed more attention in the Directive.“Some large companies have adopted risk models from financial institutions that have been discredited during the financial crisis,” he said.During voting sessions, 50% of the audience said prescribed, detailed regulation for corporate governance would inhibit dialogue between companies and shareholders.More than 40% agreed that the presence of a controlling stakeholder usually enabled companies to take a longer-term view, thereby strengthening their prospects.More than 70% supported mandatory integrated reporting, while 62% of attendees said integrated reporting would make sustainable reporting more important. The European Commission should redraft its proposal for the Shareholders Rights Directive as the current concept is “too detailed”, the International Corporate Governance Network (ICGN) has argued.Speaking on a panel during the ICGN’s annual conference in Amsterdam, Susannah Haan, secretary general of EuropeanIssuers, described the proposal to increase disclosure on remuneration as “overkill”.Peter Swabey, head of policy and research at the Institute of Chartered Secretaries and Administrators (ICSA), said the proposal, “for political reasons”, focused too much on remuneration.His view was shared by many UK representatives at the conference who argued that the emphasis on remuneration came at the expense of strategy, risk management and financial reporting.last_img read more

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Nigeria Professional Football League… Emodi Joins COD United

first_imgFormer CAF Champions League winner, Okey Emordi, has been appointed as head coach of City Of David (COD) United.The Nigeria National League (NNL) club announced the appointment of Emordi on Wednesday and explained their decision to hook the experienced trainer. The Lagos club added that landing Emordi as their head coach is “another demonstration of our ambition as a club to keep moving forward.”“Okey Emordi’s knowledge, experience and record shows clearly that he has been the outstanding coach in the Nigerian football space in the past decade or so and we are very delighted he has decided to join us. His appointment is yet another demonstration of our ambition as a club to keep moving forward and never rest on our oars.“We want to play in the NPFL (Nigeria Professional Football League) next season and we believe Okey’s appointment gives us a massive opportunity to do that. Once we shared our vision with him, he decided to take up the challenge and we are delighted he was convinced to join us having seen our vision for the club. We expect him to sustain and improve on all that we have achieved as a football club on the pitch and help our players and young coaches become even better,” COD Utd CEO, Shola Opaleye, said.Emordi is ready for the challenge of working in the second tier. He said he had to carefully make the decision to return to coaching and accepted the role at COD United because they are “a very organized club with big ambitions.”“I have joined a very organised club with big ambitions. As you know, I have worked with some of the biggest clubs in Nigeria and even Africa and so I had to carefully consider this. Having spoken to the club and seen what they have done so far, I am excited to take on the challenge of ensuring the club plays in the NPFL next season,” said Emordi, whose last coaching role was in 2015 at former Nigerian champions, Kano.Emordi, who guided Enyimba to win the 2004 CAF Champions League, will take charge of his first competitive in the second tier with COD United against Abia Comets at the Onikan Stadium in Lagos on May 7.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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DStv Compact delivers more value with two new SuperSport channels

first_imgEveryone wants it, you’ve got it! From Tuesday, the 23rd of February 2016, the world’s best football leagues – the Barclays Premier League (EPL) and La Liga – and the Euro 2016 will be available to DStv Compact subscribers in all their HD glory, at no extra cost.“One of MultiChoice’s key priorities is to put our subscribers’ needs at the heart of everything we do and since these have been tough economic times for everyone, we realised that our subscribers could use some good news.“We’re excited that we can now deliver the best football action in the world to our Compact subscribers while ensuring that this development doesn’t negatively impact them financially,” Mr. Cecil Sunkwa-Mills, the General Manager of MultiChoice Ghana said.SuperSport will launch two new sports channels, SuperSport 11 (DStv channel 211) and SuperSport 12 (DStv channel 212), which will be dedicated to showcasing the EPL and La Liga respectively on the DStv Compact bouquet.  This means that all Compact football fans will now be able to enjoy the biggest games of the season including this Saturday’s match (28 February) on SS11 between long-time rivals, Arsenal and Manchester United!More football excitement continues on SS12 in the Spanish league where Lionel Messi, Neymar, and Luis Suarez are leading what’s possibly the world’s most potent attack for Barcelona this football season. Can Barça claim their 24th La Liga crown against Cristiano Ronaldo and Real Madrid this season? Watch as the two football teams test each other’s mettle on the 3rd of April when they meet in the first El Clasico derby of 2016 at Barça’s Camp Nou.In the meantime, Compact subscribers can also feast their eyes on other exciting Spanish matches, including Real Madrid vs Atletico Madrid on 27th February, Barcelona vs Sevilla on 28 February while Valencia will take on Atletico Madrid on 06 March. Catch the games, plus highlights, magazine programming, pre-match discussions and panel shows on SS12. As part of MultiChoice Africa’s ongoing efforts to improve our products and offering, DStv Compact subscribers can look forward to even more exciting sport and entertainment this year. The Euro 2016 tournament which will kick off on 10 June until 10 July on the new SuperSport channels will keep our football loving subscribers enthralled while they wait for the next season to start in August 2016.To further our efforts to ensure that our DStv Compact subscribers continue to enjoy this great offering at a price they can afford – the DStv Compact’s monthly subscription rates, stays at the current rate of GHS160. New customers can also buy the much talked about DStv Explora Decoder for GHC499 only discounted from GHC999 to record, pause and rewind live TV and well as access highlights on the Explora Catch Up service and Box Office Movie Rental.Alternatively, buy a fully installed Zapper decoder for GHc299 discounted from GHc399 and get an additional 2 months subscription to the Access Bouquet with an option to upgrade your bouquet especially to the Compact when desired. Existing customers can also get an extra view decoder with either the discounted Ghc499 Explora decoder (from GHC999) or add on an extra Zapper decoder for your Extra view, for just GHc149 discounted from GHC199.–last_img read more

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Thursday August 29th Local Sports

first_imgCHICAGO (AP) — Jonathan Schoop hit two homers and drove in four runs, Mitch Garver also connected and the slugging Minnesota Twins beat the Chicago White Sox 8-2 for their fourth straight win. It was the 13th multihomer game of Schoop’s career and fifth this year. He has 21 home runs on the season to become the seventh Minnesota player with at least 20, tying a major league record. IOWA CITY — Months of work comes to an end as the college football season is set to begin. The 20th ranked Iowa Hawkeyes host Miami of Ohio under the lights on Saturday. Senior Levi Paulsen gets a start at guard along with his twin brother Landon.Paulsen says as a senior the ride to the stadium will carry added emotion.Junior running back Toren Young says there has been added focus in the film room to help boost the ground game.Young is part of a deep stable of running backs.Kickoff on Saturday is scheduled for 6:30, with the pre-game show starting at 4:30 on KGLO. You can also listen to “Hawk Talk” tonight on AM-1300 KGLO starting at 7 o’clock. AMES — Iowa State enters the season nationally ranked for the first time since 1978 and the 21st ranked Cyclones host Northern Iowa. Senior linebacker Marcel Spears says the opener always has a number of question marks.Spears says the key is to be assignment sound.Senior receiver Deshaunte Jones says they have gone back in time with their film study.Jones says it is key to control emotion in the opener.Kickoff at Jack Trice Stadium in Ames is scheduled for 11 o’clock on Saturday BOONE — The high school football season opens in Iowa with nearly 170 games tonight and tomorrow night, and parents, students and other fans are being reminded to behave responsibly. Chris Cuellar, a spokesman for the Iowa High School Athletic Association, says there’s a high turnover rate for athletic directors, coaches and especially for game officials like referees.The Boone-based association is issuing guidelines for fans who are heading to the athletic events, with the first rule being: Act your age.The second guideline reminds parents not to live their lives vicariously through their kids.There are about 80-thousand boys taking part in Iowa high school sports every year and some parents put a great amount of pressure on their sons to win a college scholarship. Cuellar reminds, that’s not what participating in a school sport is supposed to be about.The main message he offers to sports fans is — be respectful and considerate. IOWA CITY, Iowa (AP) — Michigan transfer receiver Oliver Martin has been cleared to play this season for Iowa, starting with Saturday’s opener against Miami (Ohio).The 20th-ranked Hawkeyes said Wednesday that Martin has been approved for immediate eligibility by the NCAA and the Big Ten.Martin, a graduate of Iowa City West High, caught 11 passes for the Wolverines in 2018. But a change at offensive coordinator and a desire to return home led Martin to transfer to Iowa this summer.Iowa coach Kirk Ferentz said this week Martin would play if he was ruled eligible for this weekend’s game.last_img read more

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Experts predict a 1.4% increase in state tax revenue

first_imgDES MOINES — The governor’s budget director is urging caution as state tax revenue growth is expected to be much lower this budget year than in the previous one. Iowa Department of Management director Dave Roederer says he doesn’t think a recession is near, but he has concerns.“While everything looks pretty good, there are still some warning signs out there.”Roederer cites the combination of recent tax law changes at the state and federal level, lower-than-expect wage growth and unfinished trade agreements. Roederer and the two other members of the panel that sets the official estimate of future state tax revenue met Monday.David Underwood, a businessman from Clear Lake, says unfinished trade deals are a big concern in Iowa’s economy. “I’m disappointed that we at this point still have so much uncertainty still hanging over us which makes it difficult for me to see the rosy side of it,” Underwood says. “And I guess looking at the numbers we’ve got before us today, I think we have to continue to be a little bit cautious.”The state Revenue Estimating Conference predicts state tax collections will grow just 1.4% this year. The group meets again in December to set the estimate for next year’s state tax collections that will be used by lawmakers to draft next year’s state budget.last_img read more

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MARGO REVEALS DEATH OF MOTHER BROUGHT ON HEART ATTACK

first_imgMargo has revealed the death of her beloved mother Julia brought on a heart attack.Margo – recovering after heart attack.The singer, and sister of Daniel O’Donnell, suffered the attack two weeks after Julia, 94, passed away at Dungloe Community Hospital.Margo, 63, has been ordered to rest up by her doctors. She revealed “I am feeling a lot better now after my attack. It was a mild heart attack caused by anxiety and stress.“Luckily there was little damage and no blocked arteries so I fell a lot better,” she said.Daniel’s older sister is putting the final touches to her autobiography.She read chapters of the book to her late mum as she was ill at Dungloe Hospital. Daniel recently revealed how his family thought their mum would live forever.MARGO REVEALS DEATH OF MOTHER BROUGHT ON HEART ATTACK was last modified: June 16th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:daniel o’donnelldeathdonegalMARGOMOTHERlast_img read more

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Young bright sparks on their way to Credit Union Schools Quiz final

first_imgA team of brainy pupils from Scoil Roisin in Dungloe are on their way to the National Final of the Credit Union Schools Quiz this April.The U11 team passed the local rounds and faced tough opposition in the regional finals to win their place in the third and final stage of the competition in the RDS Dublin on Sunday 7th April.Now they’ll be brushing up on their general knowledge in a bid to take the title home to Donegal! The team members are: Cora O’Donnell, Etain Boyle, Oisin Barrett and Kai Tobin.The Credit Union Schools Quiz is a competition for school children across the island of Ireland. Each year around 25,000 children from the four corners of Ireland take part. Now in its 28th year, this iconic event is extremely popular in schools around the country with primary school children vying for a place on their school team to compete at the local Stage 1 Credit Union level for a place in Chapter Stage 2 level and eventually representing one of the 25 Chapters in Ireland at the Stage 3 National Final in Dublin. Mrs Ferry, the Principal of Scoil Roisín, extended her congratulations and good luck to the U11 Team from the school community. The team are delighted to be representing the school, the Rosses Credit Union in Dungloe and Chapter 1 Credit Union, Derry at the National Final.Comhghairdeas agus ádh mór to Cora, Etain, Kai and Oisin in Dublin next month. Young bright sparks on their way to Credit Union Schools Quiz final was last modified: March 20th, 2019 by Staff WriterShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Credit Union Schools Quizscoil roisin dungloelast_img read more

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“They are dangerous”: Health and safety fears continue over Donegal islands

first_imgMore concern has been expressed over health and safety fears on two Donegal Islands following calls for them to close last week. Gola and Owey Island have been the subject to scrutiny over the last several weeks, with roads and walkways said to be a ‘serious risk’ to tourists.It comes as the government have been slammed for failing to provide sufficient funding for the Gaeltacht areas. Chairperson of Donegal County Council Islands Committee, Mairin Ni Fhearraigh, who spoke at a committee meeting last week, said while she disagreed with calls for the islands to shut, she did back fears over the health and safety on the islands.Speaking to Donegal Daily, Ni Fhearraigh explained how earlier this month a pre-planned tour of Gola Island had to be cut short on health and safety grounds amid fears serious harm could be caused to visitors.On Friday, €110,000 was sanctioned to carry out the works on the islands road infrastructure on Arranmore and Gola  – while funding for roads on Owey Island was not granted.Ni Fhearraigh is now calling for government funding for roads on the all of the islands’ to be sanctioned at the start of next year in order for work to planned and carried out on in Spring 2020. “There are two issues with the current situation. The first one is that the roads are really in a bad state on most of the islands and the second thing is that it is too late in the year,” Ni Fhearraigh said.“Now that funding is in place, the government will probably be saying that it had to be spent by the end of the year, which would probably mean that it would be spent unwisely.“With bad weather and shorter days on the way, it wouldn’t make sense to start work on the island at this stage of the year.“Ideally, we would like the funding for the islands at the start of the year so that work could be done in March, April and May.”Local county councillor Micheal Mac Giolla Easbuig insisted last week that if money for all of the islands was not allocated then ‘some of the smaller islands need to be closed in the interest of health and safety’. However, Ni Fhearraigh, who is originally from Gola Island, didn’t agree with those sentiments.“I wouldn’t agree with that,” Ni Fhearraigh added. “I think Cllr Michael Cholm was referring to the roads on the islands’ because he is not exaggerating when says they are in a very bad state.“And there would be a certain element of health and safety involved, but I wouldn’t go as far as saying that the islands’ should be shut because I don’t know how that could be possible.“But if things keep going the way they are at the moment it is only going to get worse. “At the moment, some of the roads on both Gola and Owey Islands, you couldn’t really walk on them, they are that dangerous.“It is that bad,” she added.“And, it is a shame because this year has been such a good year for the islands, there has been so much going on with different things happening.“But two weeks ago on a Donegal event, I was tasked with taking visitors on a guided walk around Gola Island, which had been pre-arranged this long time.“On the day we had to cut the walk short because of the fact the road was in such a bad state that you couldn’t really let people walk on it.“So, you are trying to put the marketing in place (to promote the island) and at the end of the day you are left with a walk and when you are having to cancel that walk, it is really not good enough.“It wouldn’t take a lot of money to repair those roads on Gola and Owey and we have been talking and waiting for funding for the roads for a long time.“We have invited Minister Sean Kyne to meet the Islands Committee and we would like to talk to him and explain to him what is going on, on the Donegal islands.”“They are dangerous”: Health and safety fears continue over Donegal islands was last modified: October 22nd, 2019 by Shaun KeenanShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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Raiders add five new assistant coaches to Jon Gruden’s staff

first_imgThe Raiders patched up some holes on their coaching staff Thursday with the addition of five assistants, including a pair of coaches who previously worked under Jon Gruden.Former Jets offensive coordinator John Morton, who spent eight years with the Raiders, including four during Gruden’s first tenure in Oakland, was hired as senior offensive assistant.The 49-year-old Morton was previously on the Raiders practice squad three times as a receiver (1993, ’94 and ’96). Four of his 17 years …last_img read more

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