Coal news and updates

Updated daily

• India eyes 1.2 bil mt coal production by 2023-24 to cut imports, improve supply

  14 Feb 2022

  India 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

• China’s domestic coal prices soften amid NDRC’s stable price guidance

  14 Feb 2022

  China’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

• China’s Zhejiang approves new US$1.1 billion coal-fired power plant

  10 Feb 2022

  The 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

• China to further stabilize coal prices

  10 Feb 2022

  China will continue to keep coal prices stable, the country's top economic planner and energy department have said. . ...Read More

• AGL to Close Australia’s Giant Polluting Coal Plants Earlier

  10 Feb 2022

  AGL 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

• Indonesia seeks 8.58 bln USD investment to close coal-fired power plants

  10 Feb 2022

  Indonesia 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

• China metallurgical coal futures surge on supply woes, demand recovery

  09 Feb 2022

  Chinese 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

• Kiwira Coal Mine Set to Start Mass Production

  09 Feb 2022

  Mass 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

• Turow coal mine: EU to withhold Poland funds over dispute

  09 Feb 2022

  The 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

• EIA projects coal, renewables to generate equal stack shares in 2022

  09 Feb 2022

  Coal 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

• China Battles to Contain Coal Price Surge as Dependency Worsens

  08 Feb 2022

  China’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

• China metallurgical coal futures surge on supply concerns, demand recovery

  08 Feb 2022

  Chinese 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

• No buying for seaborne coking coal, but China could return to market soon

  07 Feb 2022

  Physical trading activity has remained very low in the seaborne coking coal market on Thursday February 3 due to the ongoing Lunar New Year celebrations, . ...Read More

• China's ports boost efforts to expand coal import, clear consignments

  07 Feb 2022

  Amid the potentially rising demand for coal ahead of the Chinese New Year holidays, China's coal supplies strengthened, with ports ramping up efforts to expand imports or clear coal from countries like Australia. Meanwhile, domestic suppliers increased production capacity to ensure adequate inventories. Australian coal docked at ports have mostly been cleared. . ...Read More

• India plans to export coal, China unlikely among buyers: expert

  07 Feb 2022

  Indian coal miner Coal India plans to export part of its coal output to India's neighbors according to a Reuters' report published on Friday. Analysts pointed out that the quality and amount of Indian coal remain unclear. . ...Read More