Alert on Australian Thermal Producers
April 21, 2023
It’s time to put Australian thermal producers on alert again, namely Whitehaven, New Hope and Yancoal.
Category: Coal
BHP Anticipates Lower Coking Coal Production in 2022-23
February 7, 2023
BHP forecasts lower production for BMA coking coal in 2022-23 due to weather disruptions and a longwall move. BMA saw rise in coal sales but faces threats from royalty rate increase.
Thungela Resources Acquires Ensham Coal Mine in Australia
February 6, 2023
Thungela Resources Acquires Ensham Coal Mine in Australia for $240 Million – Diversifying from South African Market Amid Power Cuts and Falling Exports
Australian Exports Fall Year Over Year
December 17, 2022
Australian Exports Fall Year Over Year. Shipments of coal from Gladstone in Australia’s Queensland state fell in November and in 2022.
Glencore Inks another Japanese Coal Contract
October 12, 2022
Glencore & Another Japanese Coal Contract. Japanese power utility Tohoku Electric entered a long term contract at a price of $395/mt.
South African Transnet Strike
October 12, 2022
South African Transnet Strike at South Africa’s port and freight rail operator Transnet began on October 6 and is set to worsen.
Coronado and Peabody Merger
October 11, 2022
Coronado and Peabody Merger. Peabody’s (BTU) management sure knows how to screw with shareholder opportunity.
“The days of sub $150/mt for coking coal are in the rear-view mirror”
September 30, 2022
The days of sub $150/mt for coking coal are in the rear-view mirror. Ernie Thrasher (of Xcoal) and Neil Bristow (ex-BHP analyst).
Germany’s Steag ready to bring back 2.3 GW of coal capacity
September 15, 2022
Germany’s Steag to bring back 2.3 GW of coal capacity. They’re demanding permissions be prolonged to 2024, and not tied to gas scarcity.
China is Buying the Missing Russian Coal
September 7, 2022
China is Buying the Missing Russian Coal. Russian coal producers are pivoting towards China due to the economic sanctions in Europe.
Whitehaven Coal Full Year 2022 Earnings
August 26, 2022
Whitehaven Coal Full Year 2022 Earnings. The darling of the coal industry this past quarter has been Australia’s Whitehaven Coal (WHC.AX).
Coal Plant Retirement Delays
August 25, 2022
Coal Plant Retirement Delays. There have been at least 6 coal-fired power plants in the US to have their closure dates pushed back.