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…
Category: Met Coal
Coal News & Price Data July 5, 2024 – Mine Fires Reignite Met Market Interest
July 5, 2024
Holy supply disruptions, Batman. Not one, not two, but these THREE separate incidents are going to tighten up metallurgical coal markets over the next month or so…
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…
Italy Initiates Hydrogen Trial in Steel Manufacturing
July 5, 2024
On July 3, 2024, Italy marked a significant milestone in industrial innovation by launching its first trial using hydrogen to process steel products…
BHP Group Cuts Worker Incentives Amid Performance Shortfalls
July 5, 2024
BHP Group, the world’s largest listed miner, has announced significant cuts to its employee incentive payments after failing to meet performance targets. This decision will affect tens of thousands of workers globally, as reported by the Australian Financial Review…
Muted Met Market Reaction From Longview Mine Fire
July 3, 2024
In the wake of the fire at Allegheny Met Coal’s Longview Mine, we take a look at what the possible market effects might be…
US Markets Quiet After Fire at Allegheny Met’s Longview Mine
July 3, 2024
An underground fire that began on June 30 at Allegheny Metallurgical Coal’s Longview Mine in Barbour County, West Virginia, has so far not stirred significant concern in the market. The incident at the mine, which only started operations in late 2023 and has a projected annual output of up to 3.1 million short tons, led to a halt in operations…
Grosvenor Mine Fire Will Tighten Met Coal Markets
June 30, 2024
Anglo’s Grosvenor Coal Mine in Queensland, Australia was evacuated Saturday morning after a methane ignition caused a fire which engulfed the operation. Here, we take a look at possible effects on met coal markets…
Closure of Holt Lock Disrupts Coal Transport on Alabama’s Black Warrior River
June 30, 2024
The U.S. Army Corps of Engineers (USACE), Mobile District, has announced the closure of the Holt Lock in Alabama, cutting off river transportation for Peabody and Warrior…
Fire at Anglo’s Grosvenor Coal Mine Prompts Evacuation
June 30, 2024
A recent fire at the Grosvenor Coal Mine in central Queensland has triggered an evacuation and raised concerns about the mine’s future…
Canadian Railroad Labor Dispute Awaits Government Decision on Essential Freight
June 28, 2024
Labor negotiations between Canadian railroads and Teamsters Canada Rail Conference (TCRC) remain at a standstill as both parties await a critical decision from the Canada Industrial Relations Board (CIRB). The decision will determine whether essential freight must continue to be shipped in the event of a work stoppage…
Railway Accident Disrupts Coal Exports from Australia’s Gladstone Port
June 28, 2024
An accident on the Blackwater railway system has disrupted coal exports from Australia’s 102mn t/yr Gladstone port in Queensland, which may take some time to resolve…