Coal news and updates

Updated daily

• China vows stronger supervision to stabilise coal prices

  09 May 2022

  China’s state planner vowed to deploy stronger forces to stabilise coal prices and punish price gouging as new coal price caps come into effect. . ...Read More

• State steps up pumped hydro storage projects amid coal crisis

  09 May 2022

  Visakhapatnam: Amid the ongoing coal crisis and power supply shortage, the state government has focused on construction of the 29 proposed pumped storage hydropower projects. These projects will have a combined capacity of 33,240 MW. . ...Read More

• China April coal imports soar, driven by panic orders in early March

  09 May 2022

  China shipped in 23.55 million tonnes of coal last month, data from the General Administration of Customs showed on Monday. That compares with 16.42 million tonnes in March and 21.73 million tonnes in April 2021. . ...Read More

• SHANGHAI STOCK EXCHANGE B SHARES INDEX (CSEIB)

  06 May 2022

  US Trade Envoy Vows ‘Robust’ Consultations on China Tariff Review China’s Top Property Firms Post 59% Drop in April Home Sales . ...Read More

• AGL Rebuffs Billionaire Activist and Says Can Quit Coal Faster

  06 May 2022

  (Bloomberg) -- AGL Energy Ltd. rejected criticisms from billionaire investor Mike Cannon-Brookes over its strategy and said it could accelerate plans to close down its fleet of coal-fired power plants. . ...Read More

• US thermal coal exports hit one-year high in March: Census

  06 May 2022

  Thermal coal exports rose to a one-year high of 3.4 million mt in March amid disrupted global trade flows after Russia’s invasion of Ukraine, US Census Bureau data showed May 5. The volume was 19.4% higher than the previous month but 9.8% lower than the year-ago month. On a year-to-date basis, thermal exports were 32.9% higher in the latest month . ...Read More

• Govt orders imported coal-based plants to generate power at full capacity

  06 May 2022

  Section 11 of the Electricity Act gives the government the authority to order any generating company to operate and maintain its stations in accordance with the order . ...Read More

• Russia Wants to Sell More Energy to Asia, but Has to Slash Prices - The New York Times (nytimes.com)

  04 May 2022

  Russia wants to sell more oil and coal to China and India, but Western sanctions may make that hard unless Russia offers deep discounts on the price. . ...Read More

• FOCUS-South African coal miners turn to trucks as rail service deteriorates

  04 May 2022

  Poor maintenance, a lack of spare parts for trains, copper cable theft and vandalism have disrupted state logistics firm Transnet's freight rail services, causing coal and iron ore exports to fall in recent years. In April, Transnet declared force majeure on contracts with producers but with coal prices near record highs, mining firms including Glencore have turned to trucks, one industry source said. . ...Read More

• Warrior Met Coal to Restart Steelmaking Mine Project as Prices Surge

  04 May 2022

  (Bloomberg) -- Higher coal prices are prompting Warrior Met Coal Inc. to restart development of a mine and pay out a special dividend to investors. . ...Read More

• GUVNL arm restarts two coal-based power plants

  04 May 2022

  GSECL, the wholly-owned subsidiary of Gujarat Urja Vikas Nigam (GUVNL), the Gujarat government’s electricity regulation board, will produce 500 MW from these two Sikka-based plants. . ...Read More

• Vedanta Aluminium announces long-term sourcing of 380 MW renewable power

  02 May 2022

  Vedanta Aluminium has announced long-term sourcing of 380 megawatts (MW) of renewable energy for its aluminium smelters, which will be carried out through a Power Delivery Agreement (PDA) between Vedanta Limited and Special Purpose Vehicles – affiliates of Sterlite Power Technologies (SPTPL), according to a company release. . ...Read More

• China Calls Out U.S. Dollar Dominance As It Buys Russian Coal With Yuan

  02 May 2022

  • Chinese buyers are using yuan to purchase Russian crude oil and coal. . ...Read More

• Protesters stop operations at coal mine

  02 May 2022

  A Southland coal mine has been shut down by environmental activists who say it’s time for the country to quit coal. . ...Read More

• China's state planner sets out irregular price-pushing behaviors for coal

  02 May 2022

  China's state planner warned domestic thermal coal producers and traders on Saturday not to hoard stock or engage in a list of other practices that it said amounted to pushing up prices. . ...Read More