
Coal News & Price Data – February 13, 2024 – Ramaco Upgrades Guidance
Ramaco increased its 2024 sales and production guidance due to strong market demand. Sales guidance raised to 4.2-4.6 million tons

Ramaco increased its 2024 sales and production guidance due to strong market demand. Sales guidance raised to 4.2-4.6 million tons

South32 sells its 50% stake in Queensland’s Eagle Downs metallurgical coal project to Stanmore Resources for $15m.

Chinese coking coal market sees quiet activity before the holiday, with PLV prices dropping below $315.00/t FOB.

Peabody Energy’s Q4 2023 showed lower-than-expected net income and revenues due to decreased volumes and higher costs

Kestrel Coal Resources is addressing a production halt due to a “frictional ignition event” to restore metallurgical coal supplies

Stricter regulation of Chinese coal mines aimed at reducing fatalities may lead to supply disruptions and higher prices

Indonesia’s coal demand is anticipated to stay robust in 2024, supported by steady demand from major importing nations

Australian seaborne prime hard coal prices declined by $2.00/t on February 2, influenced by lower offers both on-screen and off-screen

India is set to start operating new coal-fired power plants with a combined capacity of 13.9 GW, the highest annual increase in six years

India enters 2024 with a more comfortable electricity supply situation compared to the previous two years…

US coal consumption is projected to decline to 482 million tons in 2024, a 29% decrease from 2019. Exports will make up 19% of total demand

Alliance Resource Partners L.P. (ARLP) reported a decrease in Q4 2023 net income to $115.4 million, falling short of expectations