CONSOL Shifts More Coal to Export Markets
February 16, 2024
CONSOL Energy sold 26 million tons in 2023 and reported $858 million related to operating activities.
Author: CoalNewswire
Whitehaven Coal tumbles as profit drops
February 16, 2024
Australia’s Whitehaven Coal reported an 86% drop in first-half profit and announced an interim dividend that missed market consensus
Savannah to sell remaining stake in NSW coking coal project
February 16, 2024
The deal will see Savannah receive A$2.38m ($1.55m) in cash and 11.1 million Clara shares, representing a 19.5% interest in Clara.
Steel production in the US is lagging behind last year’s pace by
February 16, 2024
So far this year steel production nationally is trailing last year’s pace by 1.4%. Nationally, steel mills remained below 80% capacity
Whitehaven worries IR reforms will be ‘terribly demotivating’
February 15, 2024
Whitehaven Coal managing director Paul Flynn says the Albanese government’s “same job, same pay” agenda could be “terribly demotivating”
India’s Mills Post Tepid Sales Amid High Coking Coal Prices
February 15, 2024
India’s tier-1 mills put up a weak sales performance in the third quarter (October-December, 2023) amid rising inventories and imports.
India Met Coke Imports drop 41% MoM in January 2024
February 15, 2024
In January 2024, India witnessed a 41% m-o-m drop in met coke imports, reaching 0.28 million tonnes compared to 0.47 mnt in December 2023.
Canada’s NDP Proposes Ban on Thermal Coal Exports
February 15, 2024
Canada’s New Democratic Party (NDP) is reigniting the debate over thermal coal exports by introducing a bill to ban them completely by 2030.
Whitehaven Coal Profits Plummet But Transformation to Met Coal Giant Takes Shape
February 15, 2024
Whitehaven Coal’s net profit after tax nosedived 86% year-on-year to A$257.6 million (US$166.8 million) in the first half of FY 2024
South32’s Coal Unit Hit by Lower Production
February 15, 2024
South32’s Illawarra Metallurgical Coal (IMC) division faced a challenging second half of 2023, with pre-tax earnings plummeting 67% YoY
Arch Resources Reports Q4 2023 Earnings
February 15, 2024
Arch Resources generated strong results in Q4, fueled by a robust metallurgical segment and improved thermal performance.
Warrior Met Coal Delivers Q4 2023 Earnings
February 15, 2024
Warrior Met Coal reported solid financial results for Q4 2023, exceeding analyst expectations and building on the previous year’s performance