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Coal News & Price Data July 23, 2024 – Met Prices Soften Further as China Steel Exports Climb
Met coal prices continue to weaken, but have finally begun to decelerate as we approach August and the return (hopefully) of Indian end users to the spot market…
Coal News & Price Data July 20, 2024 – Whitehaven Coal Reports Strong Q1 FY24 Production, Successful Integration of Acquisitions
Whitehaven Coal reported a solid quarter with saleable coal production coming in at 4.0Mt, while sales of 3.2Mt were impacted by initial rail logistics delays, which have since been resolved…
India Continues to Explore Mongolian Import Options
India’s increasing dependence on imported coking coal has led the government to seek to diversify its sources, including exploring imports from Mongolia in a broader strategy to avoid over-reliance on any single country…
Coal News & Price Data July 12, 2024 – German Government Maintains 2038 Coal Phase-Out Despite Push for Earlier Exit
The German government, led by Chancellor Olaf Scholz’s coalition, has confirmed it will not advance its coal phase-out deadline from 2038 to 2030, despite previous intentions signaled by the coalition partners…
Anglo Engages Banks for $5 Billion Coal Asset Sale Amid Restructuring Efforts
Anglo American has enlisted the expertise of three prominent banks to facilitate the sale of its steelmaking coal operations, valued by analysts at up to $5 billion…
Coal News & Price Data July 9, 2024 – India to Begin Trial Coking Coal Imports from Mongolia
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Russia Adjusts Coal Taxation Framework Amid Industry Challenges for 2025
The Russian government has adjusted the previously proposed parameters for increasing coal production taxes from 2025…
South32 Secures Regulatory Approval for Sale of Illawarra Metallurgical Coal
South32 Limited has announced that its sale of Illawarra Metallurgical Coal to a joint entity owned by Golden Energy and Resources Pte Ltd and M Resources Pty Ltd has received approval from the Australian Foreign Investment Review Board…
India Beginning Trial Imports of Coking Coal from Mongolia
India is set to commence trial imports of coking coal from Mongolia later this month, as part of its strategy to diversify its supply sources and reduce dependency on Australian imports…