Updated daily
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Qld warns 'southern' property speculators
16 Dec 2021Queensland is closing a tax loophole on "southern speculators flipping properties" as the state treasurer trims the budget deficit on the back of surging coal and housing prices. . ...Read More
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Indonesia’s Coal Barons Reap Windfall From Rising Demand
15 Dec 2021Indonesia’s mining barons benefited as China saw its coal supplies disrupted by cold weather and a trade spat with Australia, stoking demand for the fuel. Prices spiked to all-time highs, causing the fortunes of Indonesia’s coal producers to soar. “Financial results of coal miners are improving in line with the rising coal price,” says Dessy Lapagu, an analyst at Samuel Sekuritas Indonesia. “That lifted the share price of coal companies.” . ...Read More
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China coal output hits record in Nov to ensure winter supply
15 Dec 2021China's coal output hit a record high in November as Beijing urged miners to ramp up production to ensure sufficient energy supplies in the winter heating season. . ...Read More
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Thiess secures 12-month Caval Ridge extension
15 Dec 2021Thiess has been awarded a 12-month contract extension by BHP Mitsubishi Alliance (BMA) to continue providing mining and maintenance services at the Caval Ridge Mine in Queensland, Australia. . ...Read More
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Russia detains coal tycoon over deadly Siberia mine blast
15 Dec 2021Russian investigators said Wednesday they had detained tycoon Mikhail Fedyayev after a blast at a coal mine in Siberia that killed 51 people last month. . ...Read More
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Dalian coking coal, coke futures rise on supply concerns
14 Dec 2021Chinese steelmaking raw materials rose on Tuesday, led by an over 6% jump in coking coal futures on supply worries fuelled by imports of the ingredient remaining at relatively low levels. . ...Read More
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Coal mines to create 3 lakh jobs: Pralhad Joshi
14 Dec 2021The 41 coal mines offered in the first round of auction by the government is estimated to generate employment for approximately 3 lakh people, informed the minister of Coal and Mines Pralhad Joshi in a written reply in Rajya Sabha on Monday. . ...Read More
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EXCLUSIVE-HSBC says clients must have plan to exit coal by end-2023
14 Dec 2021Coal is contentious for governments across Asia as they look to move away from the cheap and widely used, but carbon-intensive energy source to help meet a global commitment to cut emissions in the fight against climate change. Under its plan, HSBC will cut exposure to thermal coal financing by at least 25% by 2025 and 50% by 2030, although non-EU or non-OECD-based clients could be funded until a global phase-out by 2040, its sustainability chief told Reuters. . ...Read More
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Indonesia coal benchmark prices set lower in December- official statement
13 Dec 2021Indonesia’s coal benchmark prices in December were set 25.7% lower compared to a month earlier, the energy ministry said in a statement. . ...Read More
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Caution on carbon as ‘China realises key role of coal’ in energy mix
13 Dec 2021Serving and former Chinese senior officials have urged caution on the path towards carbon neutrality, echoing the leadership’s assessment that climate targets “can’t be achieved in just one battle”. . ...Read More
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Govt Likely To Bring Coal India's First-Mile Connectivity, Railway Projects Under National Monetisation Pipeline: Report
13 Dec 2021The central government is likely to bring the coal sector under the national monetisation pipeline (NMP) and has even paved the way for coal blocks to be given to qualified bidders by relaxing rules, reports Financial Express. . ...Read More
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China, India solve local coal supply, but seaborne prices stay high
13 Dec 2021China and India appear to have largely resolved their domestic coal supply issues, but their success in boosting output has yet to be fully reflected in the price of seaborne supplies in Asia. . ...Read More
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Siberian Anthracite fulfils annual production plan ahead of schedule
10 Dec 2021On 9 December 2021, the collective of Siberian Anthracite JSC (the largest anthracite producer in Russia, part of the Sibanthracite Group) fulfilled the annual plan ahead of schedule, having produced 7.3 million t of anthracite. . ...Read More
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Coal production comes to a halt
10 Dec 2021Coal production in the government-owned Singareni Collieries Company Limited (SCCL)’s 45 coal mines located across six districts came to a halt as the workers struck work from the first shift on Thursday morning on the day one of the three-day strike called by five central trade unions and the TRS-affiliated Telangana Boggu Gani Karmika Sangham (TBGKS). . ...Read More
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Output up, no coal shortage after Dec: CIL
10 Dec 2021No coal shortage is expected after December as Coal India (CIL) has increased production “substantially” and operationalised some captive mines, the state-owned company’s chairman Pramod Agarwal said at a Bengal Chamber of Commerce event. . ...Read More