
Coal News & Price Data – July 21, 2023 – European Gas Markets Heat Up
European natural gas prices rose 3.9% as traders considered extreme heat and concerns over reduced Russian fuel supplies.

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.

Whitehaven Coal announced a court in New South Wales dismissed a lawsuit brought seeking to invalidate consent for Narrabri Stage 3.

Alliance Coal (ARLP) has started the construction of the Henderson County Coal Mine, a multi-million-dollar operation in Kentucky.

The dry bulk shipping market is expected to face challenges in the third quarter due to China’s sluggish economic recovery and weak commodity demand.

QBO wind anomaly is developing over the Equator, which will impact winter weather along with the El Nino event in the upcoming 2023/2024 Winter season

South Africa to a power plant has faced setbacks due to criminal activity targeting the country’s rail system. The project, aimed at replacing coal truck deliveries, has been delayed due to vandalism and copper cable theft. In addition to the theft of copper cables, criminals are also targeting the rail system to promote truck usage.