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.
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.
Chevron hasn’t reached an agreement with unions regarding strike action at the Gorgon and Wheatstone LNG facilities.
Why is Alliance trading at a market premium to Australian thermal coal producers? It makes no sense in terms of long-term shareholder value.
Approximately 500 workers from a coalition of the Australian unions, initiated a three-week strike at Chevron’s LNG plants.
Weak monsoon rainfall in India has led to a decline in hydropower generation, increasing reliance on coal-fired power.
We’re beginning to see the inadequacy of Chinese coal production to meet their own power demands as production falters & demand climbs.
New South Wales (NSW) will update coal royalty rates to ensure a fair return for the state’s resources in modern market conditions.
The following report published by a Chinese investment bank, Cinda Securities, contains some inside baseball on the Chinese coal industry.
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