Coal news and updates

Updated daily

• EXCLUSIVE-HSBC says clients must have plan to exit coal by end-2023

  14 Dec 2021

  Coal 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

• Indonesia coal benchmark prices set lower in December- official statement

  13 Dec 2021

  Indonesia’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

• Caution on carbon as ‘China realises key role of coal’ in energy mix

  13 Dec 2021

  Serving 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

• Govt Likely To Bring Coal India's First-Mile Connectivity, Railway Projects Under National Monetisation Pipeline: Report

  13 Dec 2021

  The 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

• China, India solve local coal supply, but seaborne prices stay high

  13 Dec 2021

  China 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

• Siberian Anthracite fulfils annual production plan ahead of schedule

  10 Dec 2021

  On 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

• Coal production comes to a halt

  10 Dec 2021

  Coal 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

• Output up, no coal shortage after Dec: CIL

  10 Dec 2021

  No 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

• High fuel prices put pressure on electricity tariff

  10 Dec 2021

  Price volatility in the energy market is not an issue that merely impacts one country; it is a global issue. . ...Read More

• China's Shandong enlists state-run coal miner to help fund mega refinery complex

  09 Dec 2021

  China's Shandong province, the country's main independent oil refining hub, has turned to a deep-pocketed state-run coal miner to help fund a petrochemical complex it sees as key to the region's industrial future, sources and local state media said. . ...Read More

• AP7 cuts Chinese manufacturers for expanding coal production

  09 Dec 2021

  AP7, Stockholm, excluded seven companies from its portfolio, including five Chinese manufacturers for increased coal production, following its latest six-monthly review. . ...Read More

• Fortescue, AGL Energy bid to turn NSW coal plants into wind and PV-powered hydrogen facilities

  09 Dec 2021

  A concept drawing of how the Hunter Energy Hub could take shape, featuring green hydrogen facilities. Image: AGL Energy. Mining giant Fortescue is to partner with Australian energy major AGL Energy to examine the potential of repurposing legacy coal assets for renewables-powered green hydrogen facilities. . ...Read More

• All trade unions of SCCL to go on three-day strike

  09 Dec 2021

  Raising their voice in unison against the Centre’s decision to auction four coal blocks in the State for commercial mining, all the trade unions of Singareni Collieries Company Limited (SCCL) have resolved to go on a three-day strike from December 9 with the slogan ‘Save Singareni’. . ...Read More

• EIA: U.S. Coal Stockpiles Lowest Since 1978

  08 Dec 2021

  The U.S. Energy Information Administration (EIA) recently said it expected coal-fired power generation in 2021 to be 22% higher than in 2020, producing the first year-over-year increase in U.S. electricity generation from coal since 2014. . ...Read More

• Climate change: China should bankroll renewable energy transition in coal-dependent countries, analysts say

  08 Dec 2021

  Japan is supporting energy transition in Southeast Asia through the Asian Development Bank and China will follow, analyst says . ...Read More