
Coal News & Price Data – August 30, 2023 – China Approved More Coal Power
In the first half of 2023, China approved 52 GW of new coal power projects, a significant increase from the 15 GW permitted in H1 2022

In the first half of 2023, China approved 52 GW of new coal power projects, a significant increase from the 15 GW permitted in H1 2022

The IEA’s July 2023 coal market update reveals production costs remain high, as reflected in recent financial reports from producers.

Last week, the ongoing uncertainty surrounding the potential of a strike at Australia’s LNG export terminals had the effect

China’s crude steel production surged by 11.5% year-on-year to 90.80 million metric tons (mt) in July

July’s high summer temperatures and heatwaves in many parts of the country led to increased thermal coal burn.

European natural gas prices experienced the largest jump since March of the previous year due to concerns over potential supply disruptions.

The International Energy Agency’s mid-year Coal Market Update for 2023 reveals a mixed picture for the coal industry.

An eleventh-hour push by a mystery investor is threatening Whitehaven Coal’s bid for BHP’s Blackwater and Daunia coal mines in Queensland.

India is expected to fill almost half of the shortfall in commodity demand growth caused by slowing demand in China in the coming decade.

India’s infrastructure output grew by 8.2% year-on-year in June, the fastest rate in five months, driven by strong performance in sectors like steel, coal, and cement.

NSW Treasurer Daniel Mookhey is considering increasing coal royalties in the state to obtain a fair return for resources.

Most US coal companies are expected to report lower second-quarter earnings compared to the same period last year and the previous quarter due to lower coal prices.