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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…
Global Thermal Coal Markets Shift Sideways as Supply, Demand Fluctuate
The global thermal coal market has experienced a noticeable fluctuation in prices and demand over the past week, with key developments shaping the sector’s dynamics…
Anglo Declares Force Majeure on Grosvenor Deliveries
Anglo American has declared a force majeure on deliveries from its Grosvenor coking coal mine in Australia…
Coal News & Price Data July 5, 2024 – Mine Fires Reignite Met Market Interest
Holy supply disruptions, Batman. Not one, not two, but these THREE separate incidents are going to tighten up metallurgical coal markets over the next month or so…
Canada Approves Glencore’s $6.93 Billion Acquisition of Teck Resources’ Coal Unit
The Canadian government has given the green light to Glencore’s acquisition of Teck Resources’ steelmaking coal division, valued at $6.93 billion, imposing strict conditions aimed at safeguarding jobs and ensuring Canadian control…