
Coal News & Price Data – August 8, 2023 – Glencore, Coronado & CONSOL Earnings Summaries
Glencore Plc has reported a 50% drop in first-half profit due to disappointing Chinese demand affecting commodity prices.

Glencore Plc has reported a 50% drop in first-half profit due to disappointing Chinese demand affecting commodity prices.

The International Energy Agency’s mid-year Coal Market Update for 2023 reveals a mixed picture for the coal industry.

Earnings summaries for Alpha Metallurgical Resource (AMR) and Natural Resource Partners (NRP)

An eleventh-hour push by a mystery investor is threatening Whitehaven Coal’s bid for BHP’s Blackwater and Daunia coal mines in Queensland.

India is expected to fill almost half of the shortfall in commodity demand growth caused by slowing demand in China in the coming decade.

ARLP reported a net income of $169.8 million, or $1.30 per unit in Q2 2023, up from $163.5 million and $1.23 per unit in Q2 2022.

India’s infrastructure output grew by 8.2% year-on-year in June, the fastest rate in five months, driven by strong performance in sectors like steel, coal, and cement.

BTU, ARCH & TECK Earnings

Most US coal companies are expected to report lower second-quarter earnings compared to the same period last year and the previous quarter due to lower coal prices.

Australian metallurgical coal prices were stable, while CFR China strengthened on higher domestic & increased interest in prompt cargoes.

Bidders in the auction for BHP’s Blackwater and Daunia, are vying to attract five Japanese commodities houses to join their ranks.

European natural gas prices rose 3.9% as traders considered extreme heat and concerns over reduced Russian fuel supplies.