Coal news and updates

Updated daily

• 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

• New Coal Carrier Enters Domestic Coastal Service for JERA

  02 Aug 2022

  New Coal Carrier Enters Domestic Coastal Service for JERA . ...Read More

• Gas And Coal Imports From Russia Key To China's Economic Recovery

  02 Aug 2022

  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

• Monsoon session: Green nod for 10 expansion projects of Coal India

  02 Aug 2022

  The government had earlier eased the norms for coal mine expansion in the wake of supply crunch in summer months . ...Read More

• China Power Hub to purchase local coal for power generation

  01 Aug 2022

  ISLAMABAD, July 31 (DNA): The 1,320 MWs China Power Hub Generation Co. (CPHGC) has invited tenders for the supply of local coal in Pakistani currency, Gwadar Pro reported on Sunday. . ...Read More

• Iran's coal concentrate production surges 44 percent in Q1

  01 Aug 2022

  (MENAFN) Production of coal concentrate in Iran amounted to 184,587 tons throughout the initial quarter of the ongoing Iranian calendar year (March 20-June 21), which recoded a 44 percent increase ... .... . ...Read More

• Government acts to boost local gas supply

  01 Aug 2022

  The federal government will extend the life of the so-called gas trigger until January 2030 as it seeks to shore up supply for the domestic market. . ...Read More

• Relief on import coal blending rule on cards

  01 Aug 2022

  The Centre is considering partially retracting the rule that required power plants to blend imported coal with domestic supplies to tide over the coal shortage. The relaxation would only be available to power-generating stations that have high coal stocks. . ...Read More

• Heatwave in China threatens rice and cotton crops and strains the electricity grid

  29 Jul 2022

  China has so far escaped the severe power outages that occurred when there was a statewide coal shortage last year. The supply of coal is significantly higher now that miners were instructed to increase production to record levels, according to the authorities, who are confident that the current situation can be controlled. . ...Read More