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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…
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…
Italy Initiates Hydrogen Trial in Steel Manufacturing
On July 3, 2024, Italy marked a significant milestone in industrial innovation by launching its first trial using hydrogen to process steel products…
BHP Group Cuts Worker Incentives Amid Performance Shortfalls
BHP Group, the world’s largest listed miner, has announced significant cuts to its employee incentive payments after failing to meet performance targets. This decision will affect tens of thousands of workers globally, as reported by the Australian Financial Review…
Newcastle Shipping Delays Reach 23-Month High Amid Protests and Weather Disruptions
The shipping queue at Newcastle, a crucial coal export port in Australia, has reached a 23-month high, with 31 vessels waiting as of July 2. This surge in shipping delays has been exacerbated by both climate protests and adverse weather conditions, significantly impacting operations at the port…
US Markets Quiet After Fire at Allegheny Met’s Longview Mine
An underground fire that began on June 30 at Allegheny Metallurgical Coal’s Longview Mine in Barbour County, West Virginia, has so far not stirred significant concern in the market. The incident at the mine, which only started operations in late 2023 and has a projected annual output of up to 3.1 million short tons, led to a halt in operations…
Closure of Holt Lock Disrupts Coal Transport on Alabama’s Black Warrior River
The U.S. Army Corps of Engineers (USACE), Mobile District, has announced the closure of the Holt Lock in Alabama, cutting off river transportation for Peabody and Warrior…
Fire at Anglo’s Grosvenor Coal Mine Prompts Evacuation
A recent fire at the Grosvenor Coal Mine in central Queensland has triggered an evacuation and raised concerns about the mine’s future…
