Updated daily
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Thermal coal's record price run may end up its own worst enemy: Russell
15 Feb 2022The price of benchmark Australian thermal coal rose last week to trade near record highs, providing a short-term boost to producers but increasing the risks of longer-term pain. . ...Read More
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Coal India net profit rises 47 per cent
15 Feb 2022State-owned Coal India on Monday reported a 47.7 per cent rise in consolidated net profit at Rs 4,558.39 crore for the quarter ended December 31, 2021 on the back of higher revenue from operations. . ...Read More
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China’s coal output rises during Spring Festival holiday
14 Feb 2022China’s coal output has increased during the seven-day Spring Festival holiday amid the country’s efforts to keep coal production and supply stable, the country’s top economic planner said Tuesday. . ...Read More
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India eyes 1.2 bil mt coal production by 2023-24 to cut imports, improve supply
14 Feb 2022India aims to increase its domestic coal production to 1.2 billion mt by 2023-24 to reduce imports and bridge the demand-supply gap, according to a coal ministry statement Feb. 9, a near 75% rise from what the country produces currently. . ...Read More
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China’s domestic coal prices soften amid NDRC’s stable price guidance
14 Feb 2022China’s domestic coal prices edged lower after a guidance by top economic body National Development Reform Commission, or NDRC, which stated that domestic coal prices will be considered stable below Yuan 900/mt [$141.59] at ports, sources told S&P Global Platts Feb. 11. . ...Read More
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China’s Zhejiang approves new US$1.1 billion coal-fired power plant
10 Feb 2022The eastern Chinese coastal province of Zhejiang has approved the construction of a new 7 billion yuan (US$1.10 billion) coal-fired power plant with 2 gigawatts (GW) of generating capacity, the state firm in charge of the project said on Wednesday (Feb 8). . ...Read More
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China to further stabilize coal prices
10 Feb 2022China will continue to keep coal prices stable, the country's top economic planner and energy department have said. . ...Read More
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AGL to Close Australia’s Giant Polluting Coal Plants Earlier
10 Feb 2022AGL Energy Ltd. plans to shutter Australia’s two biggest polluters a few years earlier, as the aging coal plants struggle to compete against rising renewable generation. . ...Read More
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Indonesia seeks 8.58 bln USD investment to close coal-fired power plants
10 Feb 2022Indonesia is seeking 8.58 billion U.S. dollars in investment to shut down a number of coal-fired power plants as the country is currently expediting the transition into green energy. . ...Read More
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China metallurgical coal futures surge on supply woes, demand recovery
09 Feb 2022Chinese ferrous futures advanced on Tuesday, with coking coal surging more than 7% to its highest level in more than three months on tight supply, while recovering steel production and downstream demand also boosted sentiment. . ...Read More
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Kiwira Coal Mine Set to Start Mass Production
09 Feb 2022Mass production of coal at Kiwira Coal Mine in Mbeya Region is expected to begin next month after major rehabilitation of the infrastructure of the mine nears completion. . ...Read More
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Turow coal mine: EU to withhold Poland funds over dispute
09 Feb 2022The European Commission took the unprecedented decision to withhold millions of euros in budget funds from Poland on Tuesday over unpaid fines related to a long-running coal mine dispute. . ...Read More
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EIA projects coal, renewables to generate equal stack shares in 2022
09 Feb 2022Coal and renewables both are projected to generate 22% of the total power generation stack in 2022, the US Energy Information Administration said in a Feb. 8 report. . ...Read More
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China Battles to Contain Coal Price Surge as Dependency Worsens
08 Feb 2022China’s dependency on coal is likely to worsen this year as the authorities struggle to rein in prices after the Lunar New Year break. Chinese miners dug up more than 4 billion tons of the dirtiest fossil fuel for the first time in 2021. The effort to stave off power outages involved unleashing some 300 million tons of capacity that’s still producing, and which is likely to add another 1% or 2% to annual output this year, according to forecasts from the Shanghai Shipping Exchange. . ...Read More
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China metallurgical coal futures surge on supply concerns, demand recovery
08 Feb 2022Chinese ferrous futures advanced on Tuesday, with coking coal surging more than 7% on tight supply, while recovering steel production and downstream demand also boosted sentiment. . ...Read More