
Coal News & Price Data – December 12, 2023 – Indian Domestic Production up 13% YoY
India’ is boosting its domestic coal production to reduce reliance on imports and satisfy increasing demand

India’ is boosting its domestic coal production to reduce reliance on imports and satisfy increasing demand

Safety operators at BHP’s coking coal mines are considering strike action, with voting on underway and the ballot closing on December 20

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

Despite increased domestic steel production, Chinese steel prices came out lowest in October, at just $564 and $581 per ton.

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.

India’s steel industry executives gathered in Delhi to discuss ways to reduce carbon emissions. Indian Met Coke Reliance to Increase

In Q3 2023, Ramaco Resources, a U.S. metallurgical coal producer, reported net income of $19.46 million and adjusted EPS of $0.45/share

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

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