
Coal News & Price Data – March 15, 2024 – Met Prices Fall Amid Low Indian Bids
Australian coking coal prices fell sharply following a tender from a major Indian mill.

Australian coking coal prices fell sharply following a tender from a major Indian mill.

Corsa Coal Corp. has released its financial results for Q4 and full-year 2023, emphasizing increased net income and adjusted EBITDA.

Asian metallurgical coal FOB prices declined, with weaker demand from major markets like India.

Two coal mine accidents in China claimed 12 lives in 24 hours, amidst recent safety legislation revisions. On March 11, 2024

Bathurst Resources’ Crown Mountain coking coal project in Canada advances as IAAC approves its environmental assessment.

Australian metallurgical coal spot offers approach $300/t FOB floor amid declining steel prices in India. Asia explores alternatives…

Pacific Basin coal prices surged to their highest levels of the year due to concerns over tightening supply amid efforts to avoid Russian coal

China targets 5% GDP growth in 2024, with measures including $541 billion in bonds and easing foreign investment restrictions.

Indonesian miner Adaro Energy plans to sell 65-67 million metric tons (mt) of coal in 2024, slightly higher than in 2023

Russian coal exports decline in 2024 due to sanctions and logistical challenges. Recent US sanctions affect 20% of exports

Australian metallurgical coal prices face downward pressure due to weak demand and moderately improving supply.

South32 sells Illawarra metallurgical coal project to Golden Energy and Resources (GEAR) and M Resources for $1.65 billion.