There has been a notable increase in coal mine accidents in China, at least 57 accidents have occurred in 2023, resulting in 160 deaths.
Eleven people lost their lives in a coal mine accident in China’s Heilongjiang province.
India’s steel demand is expected to grow at a CAGR of 7 per cent to touch 190 Million Tonne (MT) level by 2030.
Australian metallurgical coal prices are experiencing volatility due to competing interests in a market with pockets of opportunistic demand.
India needs to add thermal coal-based power generation capacity of 80 GW against the 27 GW currently under construction.
Indian government officials are negotiating with Mongolia to seek opportunities to invest in their infrastructure to import of coking coal.
Yuan Wenjiong, CEO of Dao Fortune, believes expectations for the Chinese steel market for 2024 may be corrected in a more positive direction
In October 2023, China experienced fluctuations in coal imports, with coking coal reaching 7.98 million tons, showing a YoY increase of 28.5%
Top meeting were held focusing on safety in China, investigating hidden risks, and preventing major accidents.
India’s Federal Ministry of Coal announced that it plans to achieve an all-India coal output of 1.404 billion tons by 2027
Australian seaborne metallurgical coal prices increased for the second consecutive trading day following a sell-side tender at $326.77/t.