
Coal News & Price Data – September 27, 2023 – Coal’s Czech White Knight
Sev.en Global Investments expressed interest in acquiring more Australian power assets to manage the gradual exit from coal.

Sev.en Global Investments expressed interest in acquiring more Australian power assets to manage the gradual exit from coal.

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.

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

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

US thermal coal exports increased by 21.1% in January-June, driven by higher deliveries to India which was up over 52%.