Coal news and updates

Updated daily

• 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

• Sumitomo Q1 profit rises 45% on stronger prices of coal, nickel

  04 Aug 2022

  Japanese trading house Sumitomo Corp 8053.T said on Wednesday its net profit for the April-June quarter rose 45% to a record thanks to higher prices of commodities such as coal and nickel as well as strong demand for steel products in North America. . ...Read More

• Up to 11 Mexican miners trapped in coal mine after collapse

  04 Aug 2022

  Mexican President Andres Manuel Lopez Obrador said earlier on Twitter that nine miners were "likely" trapped in the mine. . ...Read More

• Lower price, currency flexibility drive more Russian thermal coal to India

  03 Aug 2022

  With India leveraging discounted Russian coal and banks adapting to facilitate trade in currencies other than the US dollar, data shows that the influx of Russian material — which has been increasing significantly — has eaten into the Indian import market of high-CV US, South African and Australian coal and experts believe that the trend is likely to continue. . ...Read More

• Australia's New Hope buys 15% stake in Malabar Resources amid coal price boom

  03 Aug 2022

  Aug 3 (Reuters) - Australia's New Hope Corp Ltd (NHC.AX) said on Wednesday it bought a 15% stake in Malabar Resources Ltd for A$94.4 million ($65.25 million) to beef up its coal business amid a price boom. . ...Read More

• Malaysia utility giant TNB announces early closure of coal plants

  03 Aug 2022

  A 1,400 megawatt plant could close up to a year before its slated retirement in 2029. The state-owned firm also wants to re-fuel existing power infrastructure with hydrogen and capture a larger slice of the electric vehicle market. . ...Read More

• Coal import targets eased for power utilities

  03 Aug 2022

  The government has eased coal import targets for utilities, according to a notice from the power ministry, setting aside a target for them to import 10% of their coal needs and marking yet another reversal in energy policy. . ...Read More

• S.Africa's Thungela expects strong first-half earnings due to coal prices

  02 Aug 2022

  Aug 1 (Reuters) - South Africa's Thungela Resources expects a significant rise in half-year profit due to soaring coal prices, it said on Monday, but flagged rising costs amid inflationary pressures. . ...Read More