Coal news and updates

Updated daily

• Coal India woos Street with better realisation and margin as profit jumps 3 times

  11 Aug 2022

  Coal India shares extended gains on Thursday, a day after the state-run mining company posted better than estimated financial results for the April to June 2022 quarter with its profit shooting up 2.7 times. . ...Read More

• Vostochnaya Mining Co. installs largest main coal conveyor belt in Russia

  10 Aug 2022

  Vostochnaya Mining Co. has started installing the largest main coal conveyor belt in Russia. . ...Read More

• German coal importers expect flurry of shipments from September

  10 Aug 2022

  The most important Kaub river choke point on the Rhine, through which ships to the industrial areas of Mannheim and Karlsruhe have to pass, is at only 52 cm , while barges need about 1.5 metres of waterline to sail fully loaded. Bethe said however that there were some positive prospects going forward, including the reversal of a temporary move by some river barges to Romania to support Ukrainian grain exports. . ...Read More

• Ukraine receives 39 railway cars loaded with coal from Australia

  10 Aug 2022

  The first 39 railway cars loaded with coal have arrived at Ukraine’s thermal power plant (TPP) from Australia. . ...Read More

• China Coal Imports Rise 24%, Oil Imports Near 4-Year Low

  08 Aug 2022

  China’s coal imports in July rose – a big 24% jump from June – close to the highest levels this year, driven by power generators stocking up for peak electricity demand in summer. . ...Read More

• China's July coal imports surge 24% to meet peak power load

  08 Aug 2022

  China's coal imports in July rose by nearly a quarter from June to near the highest levels so far this year as power generators increased purchases to provide for peak summer electricity demand. . ...Read More

• Australia will prevent coal mining to protect the Great Barrier Reef.

  08 Aug 2022

  Due to the potential effects on the adjacent Great Barrier Reef, Australia’s new government declared on Thursday that it intends to stop the development of a coal mine. . ...Read More

• China probes into accusations of coal price gouging

  08 Aug 2022

  China’s State Administration for Market Regulation has conducted investigations on activities of bidding up coal prices, the administration said Friday. . ...Read More

• Glencore profits soar on high oil, coal prices

  05 Aug 2022

  The Switzerland-based firm reported a net profit of $12.1 billion in the first six months of 2022 as commodity prices have surged since Russia invaded Ukraine in February. . ...Read More

• Australia to protect Barrier Reef by banning coal mine

  05 Aug 2022

  CANBERRA: Australia's new government announced on Thursday it plans to prevent the development of a coal mine due to the potential impact on the nearby Great Barrier Reef. . ...Read More

• Low Rhine water level to hit output at Staudinger 5, Datteln 4 coal plants

  05 Aug 2022

  Low water levels on the Rhine, Germany’s main shipping artery, will affect output over the coming month from major coal-fired power stations, one east of Frankfurt and another in the northern Ruhr area, notes on the website of power bourse EEX showed on Thursday. . ...Read More

• US June thermal coal exports fall 15.2% on year as CIF ARA price soars: Census

  05 Aug 2022

  An indication of demand destruction, US steam coal exports fell 15.2% on the year in June as the CIF ARA monthly average price more than tripled to $371.02/mt, according to US Census Bureau data released Aug. 4. . ...Read More

• Gas and coal imports from Russia key to China’s economic recovery

  04 Aug 2022

  Where does China want to be? China, the world’s biggest emitter of carbon dioxide in 2020, pledged in September 2020 at the 75th session of the United Nations General Assembly to strive for peak CO2 emissions by 2030 and work towards carbon neutrality by 2060. . ...Read More

• Astrindo to acquire PTT Mining Ltd

  04 Aug 2022

  PT Astrindo Nusantara Infrastruktur Tbk. (Astrindo), an investment company focused on integrated energy infrastructure, has acquired PTT Mining Ltd of Hong Kong (PTTML), which currently owns coal concessions in Brunei Darussalam, Madagascar and three coal mines in Kalimantan, Indonesia with the acquisition value at US$471 million. . ...Read More