Russia Adjusts Coal Taxation Framework Amid Industry Challenges for 2025
July 8, 2024
The Russian government has adjusted the previously proposed parameters for increasing coal production taxes from 2025…
Author: Matthew Warder
South32 Secures Regulatory Approval for Sale of Illawarra Metallurgical Coal
July 8, 2024
South32 Limited has announced that its sale of Illawarra Metallurgical Coal to a joint entity owned by Golden Energy and Resources Pte Ltd and M Resources Pty Ltd has received approval from the Australian Foreign Investment Review Board…
India Beginning Trial Imports of Coking Coal from Mongolia
July 8, 2024
India is set to commence trial imports of coking coal from Mongolia later this month, as part of its strategy to diversify its supply sources and reduce dependency on Australian imports…
Global Thermal Coal Markets Shift Sideways as Supply, Demand Fluctuate
July 8, 2024
The global thermal coal market has experienced a noticeable fluctuation in prices and demand over the past week, with key developments shaping the sector’s dynamics…
Anglo Declares Force Majeure on Grosvenor Deliveries
July 8, 2024
Anglo American has declared a force majeure on deliveries from its Grosvenor coking coal mine in Australia…
Coal News & Price Data July 5, 2024 – Mine Fires Reignite Met Market Interest
July 5, 2024
Holy supply disruptions, Batman. Not one, not two, but these THREE separate incidents are going to tighten up metallurgical coal markets over the next month or so…
Canada Approves Glencore’s $6.93 Billion Acquisition of Teck Resources’ Coal Unit
July 5, 2024
The Canadian government has given the green light to Glencore’s acquisition of Teck Resources’ steelmaking coal division, valued at $6.93 billion, imposing strict conditions aimed at safeguarding jobs and ensuring Canadian control…
Italy Initiates Hydrogen Trial in Steel Manufacturing
July 5, 2024
On July 3, 2024, Italy marked a significant milestone in industrial innovation by launching its first trial using hydrogen to process steel products…
BHP Group Cuts Worker Incentives Amid Performance Shortfalls
July 5, 2024
BHP Group, the world’s largest listed miner, has announced significant cuts to its employee incentive payments after failing to meet performance targets. This decision will affect tens of thousands of workers globally, as reported by the Australian Financial Review…
Muted Met Market Reaction From Longview Mine Fire
July 3, 2024
In the wake of the fire at Allegheny Met Coal’s Longview Mine, we take a look at what the possible market effects might be…
Newcastle Shipping Delays Reach 23-Month High Amid Protests and Weather Disruptions
July 3, 2024
The shipping queue at Newcastle, a crucial coal export port in Australia, has reached a 23-month high, with 31 vessels waiting as of July 2. This surge in shipping delays has been exacerbated by both climate protests and adverse weather conditions, significantly impacting operations at the port…
US Markets Quiet After Fire at Allegheny Met’s Longview Mine
July 3, 2024
An underground fire that began on June 30 at Allegheny Metallurgical Coal’s Longview Mine in Barbour County, West Virginia, has so far not stirred significant concern in the market. The incident at the mine, which only started operations in late 2023 and has a projected annual output of up to 3.1 million short tons, led to a halt in operations…