Coal news and updates

Updated daily

• General insurers in India, China, Indonesia may reduce exposure to coal industry gradually: Moody’s

  16 Nov 2021

  General insurers in India, China, Indonesia and Vietnam, part of the Asia-Pacific nations, will take a gradual approach in reducing their exposure to coal or coal-related industries, said Moody’s Investors Service in a new report. . ...Read More

• Indonesia Takes ‘Low and Slow’ Path to Carbon Tax and Trade

  15 Nov 2021

  Indonesia, the world’s top exporter of thermal coal, will take a gradual approach in pricing and capping greenhouse gas emissions when it rolls out its first carbon tax and trade policy next year. . ...Read More

• China's monthly coal output rises to highest since March 2015

  15 Nov 2021

  China's October coal output rose to the highest since at least March 2015, after Beijing approved a raft of coal mine expansions to tame record prices and boost supply. . ...Read More

• COP26 president criticises India, China over coal use move

  15 Nov 2021

  COP26 climate summit’s president Alok Sharma asked India and China to “explain themselves to poor nations” after they watered down the clause on ending the usage of coal. . ...Read More

• Coal India Q2 PAT declines 0.6% YoY to Rs 2,932 cr

  15 Nov 2021

  Coal India posted a 0.6% fall in consolidated net profit to Rs 2,932.73 crore in Q2 FY22 from Rs 2,951.6 crore posted in Q2 FY21. . ...Read More

• South Africa Resurrects Plan to Sell Coal-Fired Power Plants

  12 Nov 2021

  Key South African government ministers have reached a broad agreement to sell some of the state power utility’s coal-fired power plants to help reduce its debt burden, Finance Minister Enoch Godongwana said. . ...Read More

• New Regulation In Indonesia Seeks To Strike A Balance In Mineral And Coal Mining Business

  12 Nov 2021

  The Government of Indonesia has issued a regulation to implement the recent amendments made to the Mining Law. Principally, this new regulation, Government Regulation No. 96 of 2021 regarding the Operation of Mineral and Coal Mining Business ("GR 96/2021"), enacts a new licensing scheme for mining business activities and overhauls the divestment obligation for foreign investment companies holding a Mining Business License. . ...Read More

• Russia-India coking coal deal unlikely to impact Panamax shipping

  12 Nov 2021

  Russia and India have recently entered into an agreement whereby Russia will supply up to 40 million tonnes of coking coal to India every year. Drewry believes this trade will have little or no impact on the demand for dry bulk shipping. . ...Read More

• Coal India deploys additional third party samplers to lessen grade slippage

  12 Nov 2021

  Basalts are mainly found in the mines of the Rajmahal area under the Eastern Coalfields (ECL) and those are removed as overburdens. . ...Read More

• Coal Company Sees First Equity for Renewables Shift in Botswana

  11 Nov 2021

  Shumba Energy secured the first equity commitments to develop an $80 million solar project in Botswana as part of the coal company’s plan to shift to renewable energy. . ...Read More

• Allegiance Coal announces first Black Warrior cargo contract

  11 Nov 2021

  Allegiance Coal Ltd has announced the completion of an agreement for the sale of Black Warrior’s first 80 000 t cargo to an Asian buyer. . ...Read More

• Glasgow agreement calls nations to accelerate coal exit

  11 Nov 2021

  After 10 days of hectic parleys, the UK presidency of COP26 on Wednesday released a first draft of the Glasgow climate summit, calling on nations to strengthen their climate targets for 2030 and called for accelerated coal exit and ending fossil fuel subsidies - a historic first - in the UN summit. . ...Read More

• Telangana: Four workers killed after roof of coal mine collapses

  11 Nov 2021

  Four workers of a coal mine run by Singareni Collieries Company Limited (SCCL) were killed when the roof of the underground unit collapsed on Wednesday. . ...Read More

• Japan, once a leader on climate, under fire for coal use at COP26

  10 Nov 2021

  More than 20 countries agreed to phase out coal power at the U.N. climate talks in Glasgow, but not Japan - a "leap backwards" for a country that once led the way on the Kyoto Protocol to reduce greenhouse gas emissions. . ...Read More

• China daily coal output hits multi-year peak, prices expected to fall

  10 Nov 2021

  China’s daily coal output hit 11.93 million tonnes last week, a multi-year high as more capacity returned to operation, the state planner said in a statement on Monday, as Beijing tries to fill a supply shortage ahead of winter. . ...Read More