Coal News & Price Data – July 27, 2023 – NSW Floating Higher Royalty Rate Scheme
NSW Treasurer Daniel Mookhey is considering increasing coal royalties in the state to obtain a fair return for resources.
NSW Treasurer Daniel Mookhey is considering increasing coal royalties in the state to obtain a fair return for resources.
European natural gas prices rose 3.9% as traders considered extreme heat and concerns over reduced Russian fuel supplies.
Chinese President Xi Jinping made it clear that China will not allow its path to curb emissions to be dictated by others.
BHP is open to selling its coal mines separately, potentially allowing Whitehaven Coal to bid for the Daunia mine without raising equity.
After a partial closure due to environmental management non-compliance the Port of Richards Bay has resumed its operations.
Asian metallurgical coal prices saw significant declines in Q2, with PLV Hard Coking Coal falling by 22.3% quarter on quarter to $233/mt.
China increased permits for new coal power plants in 2022, with local governments approving permits for 106 GW of new coal-fired capacity.
NextDecade Corp. will proceed with an $18.4 billion LNG plant in Texas, aiming to supply customers in Europe and Asia from 2027.
Latest EIA Energy Outlook reveals coal output expected to decline by 4.19% y/y to 572.2 mst in 2023, surpassing an earlier projection.
Whitehaven Coal announced a court in New South Wales dismissed a lawsuit brought seeking to invalidate consent for Narrabri Stage 3.