Coal News & Price Data – September 26, 2023 – Sev.en Acquires 51% of Coronado
Sev.en Global Investments, is making a substantial bet on coal with a $1.6 billion deal to acquire a 51% stake in Coronado Global Resources.
Thermal Coal
Coal News & Price Data – September 21, 2023 – Chevron Foresees Prolonged LNG Deadlock
Chevron hasn’t reached an agreement with unions regarding strike action at the Gorgon and Wheatstone LNG facilities.
Use this Opportunity to Sell Alliance
Why is Alliance trading at a market premium to Australian thermal coal producers? It makes no sense in terms of long-term shareholder value.
Coal News & Price Data – September 8, 2023 – Strike Commences at Chevron’s LNG Plants
Approximately 500 workers from a coalition of the Australian unions, initiated a three-week strike at Chevron’s LNG plants.
Coal News & Price Data – September 7, 2023 – India’s Thermal Supply & Demand Increases
Weak monsoon rainfall in India has led to a decline in hydropower generation, increasing reliance on coal-fired power.
Power Plant Pipeline – More Thoughts
We’re beginning to see the inadequacy of Chinese coal production to meet their own power demands as production falters & demand climbs.
Coal News & Price Data – September 6, 2023 – NSW Revises Royalty Rates
New South Wales (NSW) will update coal royalty rates to ensure a fair return for the state’s resources in modern market conditions.
Chinese Market: 2023 Coal Mid-Term Strategy
The following report published by a Chinese investment bank, Cinda Securities, contains some inside baseball on the Chinese coal industry.
Thoughts on Chinese Permitted 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
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