Oversupply in spot markets, driven by subdued demand in India and China, led to decreased prices. China’s declining coking coal and coke production adds to the oversupply. Indian steelmakers adopt a cautious approach ahead of elections.
Oversupply in spot markets, driven by subdued demand in India and China, led to decreased prices.
Benchmark Pacific Basin coal prices have dropped 6% over the past week to a near one-month low as ample supply offsets strong generation
Chinese purchases of Russian coal slumped after Beijing reimposed import taxes that make Russian supplies less competitive.
A Cape Breton coal mine that had been ordered to cease operations after two roof falls last summer
At least 12 miners have been killed in a gas explosion at a coalpit in Pakistan’s southwestern province of Balochistan.
Sunrise Coal informed the state it plans to lay off 112 workers at its Indiana operations.
China’s domestic market for thermal coal may soon find a floor if buyers show renewed preference for domestic cargoes
Indonesia’s Ministry of Energy and Mineral Resources (ESDM) has given the nod for total coal production quotas amounting to 922.14 mnt
China’s coal output is expected to increase 36 mmt, or 0.8%, to about 4.7B tonnes in 2024, slower than last year’s 2.9% growth.
Coal production in Kuzbass, Russia’s main coal-mining region where high-quality coal production is located, fell to 34.2 mmt in Jan-Feb 2024
In October last year WHC emerged as the successful bidder for BHP’s Daunia and Blackwater coal assets (BMA Assets).