Updated daily
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Italian government approves measures worth $6.8bn; Coal India cautions output crunch amid cost pressure: NRG matters
21 Feb 2022On a macro level, countries like Italy and India continue to pave the way for a green and sustainable future. Nevertheless, there remains a level of instability due to cost pressure as well as political tensions between Russia and Ukraine. . ...Read More
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China pauses coal price reporting in attempt to stamp out rally
18 Feb 2022The National Development and Reform Commission "NDRC" asked major coal miners to reduce prices last week, after coal futures surged to their highest level in months. Thursday, Mining Weekly reported that two major data providers have stopped posting prices altogether, in hopes to "avoid misleading market players." . ...Read More
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Bowen Coking Coal provides Bluff sales contracts update
18 Feb 2022Further to the ASX release dated 11 February 2022, Bowen Coking Coal Ltd has agreed initial unconditional coal sale contracts with two Tier 1 Asian end users, both of which are multi-billion dollar steel producers (Posco and Formosa), for a fixed volume of 250 000 t. 40 000 t are scheduled for delivery within 2Q22 with the remainder evenly spread over 2H22. . ...Read More
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Coal import uncertainty and balanced fuel mix dilemma
18 Feb 2022Bangladesh has been building nearly 10,000 MW capacity coal based power plants solely dependent on imported coal. The Payra 1,320 MW coal fired power plant currently has been in operation (one 660 MW unit in operation) consumes daily approximately 6,000 tonne of coal imported from Indonesia. Other power plants under construction are expected to import coal from Indonesia due to convenient geographical location and comparative price advantage. . ...Read More
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Greens propose $40 billion takeover of electricity sector to eliminate coal by 2030
18 Feb 2022The hastening decline of coal-fired power is triggering a rethink of Australia's electricity market, with the Greens proposing a $40 billion renationalisation of the sector. . ...Read More
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Commercial lenders still tipping US$1.5tn into coal, research says
17 Feb 2022Commercial banks lent over US$1.5tn to companies in the global coal industry between 2019 and 2021, according to new research, despite a flurry of commitments to ease away from the sector and aim for net-zero emissions. . ...Read More
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Firm Asian thermal coal prices, high freight hurt ex-Chinese seaborne deals
17 Feb 2022Firm seaborne thermal coal prices and volatile freight rates have slowed down interests from Asia’s ex-Chinese markets like Thailand, Vietnam and India, market sources told S&P Global Platts. . ...Read More
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China Looks To Run Coal-Fired Power Plants At Full Capacity
17 Feb 2022China will help run its coal-fired power plants at full capacity in a bid to ensure energy security, despite the climate goals of the world's largest polluter. . ...Read More
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Origin to shut Australia's biggest coal-fired power plant in 2025
17 Feb 2022Origin Energy said on Thursday it plans to shut the country's biggest coal-fired power plant in 2025, . ...Read More
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Grant to reduce, eliminate toxicity of coal mine dust
16 Feb 2022Increases in lung diseases have been related to respirable coal mine dust. Penn State has been awarded $327,849 from the National Institute for Occupational Safety and Health (NIOSH) to fund research targeting ways to reduce or eliminate the toxicity of respirable coal mine dust. . ...Read More
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APAC Thermal Coal Prices to Ease on End of Indonesia Export Ban
16 Feb 2022Fitch Ratings-Shanghai/Singapore-14 February 2022: APAC thermal coal prices are likely to come under pressure in the near term due to seasonally weaker demand and the lifting of a ban on coal exports in Indonesia, Fitch Ratings says. . ...Read More
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Indonesia Jan export growth below expectation after coal shipment ban
16 Feb 2022Indonesia’s export growth slowed more than expected in January, after authorities in the world’s top thermal coal exporter banned shipments in the first week of 2022, data from the statistics bureau showed on Wednesday. . ...Read More
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India likely to be self-reliant in thermal coal by 2024: Secy
16 Feb 2022The country may not need to import coal for generating electricity by 2024. Production by both Coal India Limited (CIL) and private companies is going up, which is ultimately expected to do away with the need for importing coal which is used in power plants, said Union coal secretary Anilkumar Jain. . ...Read More
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Queensland finds new coal markets to replace China
15 Feb 2022India, Japan and South Korea have picked up the shortfall from China’s informal ban on Queensland’s coal exports, according to new figures. . ...Read More
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Coal Boom Triggers Mozambique's Biggest Port to Triple Capacity
15 Feb 2022Grindrod Ltd., the Johannesburg-listed logistics operator, plans to triple capacity at its drybulk port terminals in Mozambique to cater for growing demand for coal exports from neighboring South Africa, the company said Monday. . ...Read More