More investors push Glencore to keep coal post-Teck deal
March 22, 2024
A growing group of Glencore opens new tab investors are keen for it to keep mining coal instead of spinning out the soon-to-be enlarged unit
Category: Thermal Coal
Coal News & Price Data – March 21, 2024 – Coking Coal Prices Finally Bottom?
March 21, 2024
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.
Coal News & Price Data – March 21, 2024 – Coking Coal Prices Finally Bottom?
March 21, 2024
Oversupply in spot markets, driven by subdued demand in India and China, led to decreased prices.
Newcastle Prices Drop to near 1-Month Low
March 21, 2024
Benchmark Pacific Basin coal prices have dropped 6% over the past week to a near one-month low as ample supply offsets strong generation
China’s Imports of Russian Coal Slump as Import Taxes Bite
March 21, 2024
Chinese purchases of Russian coal slumped after Beijing reimposed import taxes that make Russian supplies less competitive.
Cape Breton Coal Mine Closed by Roof Falls Allowed to Resume Year-Round Operations
March 21, 2024
A Cape Breton coal mine that had been ordered to cease operations after two roof falls last summer
Twelve Workers Killed in Pakistan Coal Mine Explosion
March 21, 2024
At least 12 miners have been killed in a gas explosion at a coalpit in Pakistan’s southwestern province of Balochistan.
Hallador Energy’s Sunrise Coal to Lay Off 112 Workers
March 21, 2024
Sunrise Coal informed the state it plans to lay off 112 workers at its Indiana operations.
Import price pains seen helping to stabilize China’s thermal coal mart
March 21, 2024
China’s domestic market for thermal coal may soon find a floor if buyers show renewed preference for domestic cargoes
Indonesia Approves nearly 1 billion tonnes of Coal Production Quotas for 2024
March 20, 2024
Indonesia’s Ministry of Energy and Mineral Resources (ESDM) has given the nod for total coal production quotas amounting to 922.14 mnt
China coal industry group expects output growth to slow in 2024
March 20, 2024
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.
Russian Coal Production Keeps Falling in Jan-Feb 2024
March 20, 2024
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