coal: the future fuel milton catelin chief executive wca eurasia-mena mining, industrial minerals,...
TRANSCRIPT
![Page 1: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/1.jpg)
COAL:the future fuel
Milton Catelin
Chief Executive WCA
Eurasia-MENA Mining, Industrial
Minerals, Mineable Energy Trade
& Investment Summit
ISTANBUL 17 May 2012
![Page 2: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/2.jpg)
World Coal Association
WCA providesthe global voice for coal
COAL provides
25% of world primary energy
40% of world electricity
66% of world steel
• Assocarboni (Italy)• Associacao Brasileira do Carvao Mineral• Association of UK Coal Importers• Australian Coal Association• Camara Asomineros• CEMBUREAU• Coal Association of Canada• Coal Association of New Zealand• Confederation of UK Coal Producers• CO2 CRC (Australia)• German Hard Coal association• Indonesian Coal Mining Association• Iranian Mines and Mining Industries• Japan Coal Energy Center• National Mining Association (USA)• Shaanxi Coal Industry Bureau• Svenska Kolinstituten• UK Association of British Mining
Companies• World Energy Council (UK)
• EURACOAL• Global CCS Institute• UCG Association• VGB PowerTech
• PT Adaro Indonesia• Anglo Coal• Arch Coal• BHP Billiton Energy Coal• BHP Billiton Mitsubishi
Alliance• Carbones del Cerrejon
Colombia• Caterpillar Global Mining• ChinaCoal• Coal India Limited• Consol Energy• Glencore International• Joy Global• Katowice Holdings• Mitsubishi Development• Peabody Energy• Rio Tinto Limited• SHENHUA GROUP• Solid Energy NZ• TOTAL SA• VALE• XSTRATA Coal
![Page 3: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/3.jpg)
Globally, coal has a competitive advantage
COAL LASTS 118 YEARS
~ 2x as long as gas (58years)
~ almost 3x as long as oil (46 years)
• Abundant
• Globally distributed
• Affordable & stable in price
• Safe & reliable
![Page 4: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/4.jpg)
The 21st century world has been built on coal
![Page 5: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/5.jpg)
Skepticism of coal’s future
Global Coal Demand according to the IEA
World Energy Outlook Reference Scenario
Coal Demand in 2010 (Mtoe)
Average Annual Growth Rates
Growth period
WEO 2000 2820 1.70% 2000-2010
WEO 2002 2702 1.40% 2000-2010
WEO 2004 2763 1.80% 2002-2010
Actual Global Coal Consumption
Actual 2010 coal consumption 3664 Size of underestimation 23% - 26%
Actual Average Annual Growth Rate
4.60% 2000-2010
![Page 6: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/6.jpg)
The more things change, the more they stay the same
![Page 7: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/7.jpg)
Good policy provides balanced solutions
Balanced Solutions
![Page 8: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/8.jpg)
The energy security difference between oil, gas and coal
9
The Energy Security Difference Between Oil, Gas and Coal
Oil 2% of the People
Control52%
Gas
Coal
3% of the PeopleControl
54%
Control50%
42% of the People
![Page 9: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/9.jpg)
Coal has a major role in meeting energy poverty
Source: International Energy Agency
![Page 10: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/10.jpg)
Real solutions to climate change
![Page 11: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/11.jpg)
Effective climate actions: efficiency
![Page 12: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/12.jpg)
Global investments necessary to effectively combat climate change
![Page 13: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/13.jpg)
Coal fuels wind power
![Page 14: COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17](https://reader036.vdocuments.net/reader036/viewer/2022062718/56649e755503460f94b762a0/html5/thumbnails/14.jpg)
Coal is the future
cor . ner . stone noun .. among other things
“something that is essential, indispensible, or basic: the cornerstone of democratic government is a free press
“the chief foundation on which something is constructed or developed: the cornerstone of his argument was that all people are created equal”