
Coal News & Price Data – December 7, 2023 – US & Australian Met Exports Update
US metallurgical coal exports stood at 3.91 mmt, down 5% on a daily average basis compared to September but up 13% YoY.

US metallurgical coal exports stood at 3.91 mmt, down 5% on a daily average basis compared to September but up 13% YoY.

I’ve been trying to figure out how serious this Shanxi “safety overhaul” is in China over the past couple of days

There has been a notable increase in coal mine accidents in China, at least 57 accidents have occurred in 2023, resulting in 160 deaths.

Eleven people died in an accident at a coal mine in China’s northeastern Heilongjiang province on Tuesday, state media outlet CCTV said.

With the end of the main flood season, hydropower output will inevitably weaken. Given precipitation is better YoY hydropower may improve.

Randall Atkins, CEO of Ramaco Resources, discusses the discovery of rare earth elements in a coal mine bought in 2011.

Glencore has acquired a 77% stake in Teck Resources’ Elk Valley Resources (EVR) for $6.93 billion.

Alpha reported net income of $6.65 per share, surpassing analysts’ estimates but that’s mainly due to the buybacks making less shares.

China is facing an oversupply of coal, with robust domestic production and surging imports creating a glut in the market.

Corsa Coal Corp. reported adjusted EBITDA of $6.1 million, total revenue of $51.1 million, and EPS of $0.18 per diluted share.

CONSOL Energy Inc. reported its financial results for the period ending September 30, 2023.

Whitehaven Coal’s acquisition of two coking coal mines from BHP is expected to boost earnings per share by 93% by 2025