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: news
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…
Newcastle Shipping Delays Reach 23-Month High Amid Protests and Weather Disruptions
July 3, 2024
The shipping queue at Newcastle, a crucial coal export port in Australia, has reached a 23-month high, with 31 vessels waiting as of July 2. This surge in shipping delays has been exacerbated by both climate protests and adverse weather conditions, significantly impacting operations at the port…
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…
Coal News & Price Data – June 17, 2024 – Expanded US Sanctions Deepen Strain on Russian Coal Industry
June 17, 2024
The United States Treasury Department has broadened its sanctions against Russian coal enterprises, including Elga, Coalstar, and the Mairykhsky open-pit mine…
Coal News & Price Data – June 14, 2024 – US Coal Power Plant Retirements Set to Increase in 2025
June 15, 2024
The United States is set to experience a significant surge in coal-fired power plant retirements in 2025, dramatically reducing coal demand after a quieter 2024.
Coal News & Price Data – June 12, 2024 – Global Coal Trade Rebounds to Pre-Covid Levels
June 12, 2024
Global coal trade has seen a robust resurgence, achieving pre-COVID levels in recent months, as evidenced by vessel tracking data from AXS Marine. Throughout 2023, global seaborne coal loadings escalated by 5.8% year-over-year, totaling 1,339.5 million tonnes…
Coal News & Price Data – May 26, 2024 – CSX Resumes Coal Shipments from Baltimore After Key Bridge Disaster
May 26, 2024
After being unable to export coal with the Port of Baltimore’s main channel blocked in the wake of the Francis Scott Key Bridge disaster, the CSX railroad said its terminal here has resumed coal shipments and expects to be back to normal early next week…