
Coal News & Price Data – August 17, 2023 – JSW Considers 75% Stake in Teck’s Coking Coal Unit
India’s JSW Steel is reportedly considering acquiring a 75% stake in Teck Resources’ steelmaking coal business.

India’s JSW Steel is reportedly considering acquiring a 75% stake in Teck Resources’ steelmaking coal business.

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

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.

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.

Australian metallurgical coal prices were stable, while CFR China strengthened on higher domestic & increased interest in prompt cargoes.

Bidders in the auction for BHP’s Blackwater and Daunia, are vying to attract five Japanese commodities houses to join their ranks.

Chinese President Xi Jinping made it clear that China will not allow its path to curb emissions to be dictated by others.

After a partial closure due to environmental management non-compliance the Port of Richards Bay has resumed its operations.

China increased permits for new coal power plants in 2022, with local governments approving permits for 106 GW of new coal-fired capacity.

NextDecade Corp. will proceed with an $18.4 billion LNG plant in Texas, aiming to supply customers in Europe and Asia from 2027.