Possible Sale of Hüttenwerke-Krupp Mannesmann (HKM) Steel Mill on the Horizon
July 12, 2024
Hüttenwerke-Krupp Mannesmann (HKM), the largest steel mill in the Duisburg complex in Germany, could soon be up for sale…
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Biden Administration Tightens Steel Import Rules to Boost Domestic Production
July 12, 2024
In an attempt to bolster U.S. steel production and reduce dependency on foreign steel, President Joe Biden has imposed new restrictions on steel imports from Mexico…
Anglo Engages Banks for $5 Billion Coal Asset Sale Amid Restructuring Efforts
July 10, 2024
Anglo American has enlisted the expertise of three prominent banks to facilitate the sale of its steelmaking coal operations, valued by analysts at up to $5 billion…
MSHA Issues Safety Recommendations Following Longview Mine Fire
July 9, 2024
The Mine Safety and Health Administration (MSHA) has issued new safety recommendations for underground coal mines following the fire that broke out at AMCI’s Longview metallurgical coal mine on June 27, 2024…
India’s Thermal Coal Imports Surge Amid Rising Electricity Demand and Hydropower Decline
July 9, 2024
India’s thermal coal imports escalated to over 95 million tonnes, marking a 13% year-over-year increase, according to BigMint data…
Australian Coking Coal Exports Rise in First Half of 2024 Despite Dip in Key Asian Markets
July 9, 2024
Australia has witnessed a modest 3% year-over-year increase in coking coal exports in the first half of 2024, reaching 75.5 million tonnes…
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…
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…
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…