Coal news and updates

Updated daily

• Australia's centre-left government clears first new coal mine

  12 May 2023

  Prime Minister Anthony Albanese's government said it would authorise Bowen Coking Coal's Isaac River mine project in Queensland to extract metallurgical coal for making steel. . ...Read More

• Poor demand lowers coal price to Rs 4,000/tonne

  12 May 2023

  Conditions at domestic and international markets seem to have swung in favour of coal consumers as the commodity is showing considerable drop in the prices. From its peak in the recent past, coal prices have dipped by more than half. . ...Read More

• COLUMN-South East Asia set to enter coal importer big leagues: Maguire

  11 May 2023

  LITTLETON, Colorado, May 10 (Reuters) - Southeast Asia only accounts for around 12% of global thermal coal imports, so is often overshadowed by China and India in discussions about key coal consumer markets and the associated impact on emissions. . ...Read More

• China’s Weak Industrial Recovery Is Weighing on Coal Consumption

  11 May 2023

  https://www.bloomberg.com/news/articles/2023-05-11/china-s-weak-industrial-recovery-is-weighing-on-coal-consumption . ...Read More

• Greener grid powered by new big battery in WA coal town

  11 May 2023

  One of the world's biggest battery storage systems will be built in Western Australia as the state weans itself off coal-fired power. . ...Read More

• Chinese Power Plants Generate Better Profits Amid Lower Coal Prices

  11 May 2023

  What’s new: Chinese power plants are generating improved profitability as sliding coal prices brought down production costs in the first quarter and narrowed losses for coal-fired operations. . ...Read More

• Biden’s plan to cut power emissions hinges on little-used carbon capture

  09 May 2023

  An employee drives past equipment installed as part of the Petra Nova Carbon Capture Project at NRG Energy's W.A. Parish Generating Station in Thompsons, . ...Read More

• Teck Changes Proposal To Separate Metal And Coal Business

  09 May 2023

  • Canadian miner Teck Resources is revising its plan to separate its metals and coal companies into two separate assets. . ...Read More

• Expect fewer power cuts this summer as govt ensures enough coal supply to power plants

  09 May 2023

  While 2022 saw a severe shortage of coal for power production, this year has benefited from higher coal production, unseasonal rains & better coordination between key ministries. . ...Read More

• Coal imports rose 30% to 162 MT

  09 May 2023

  The report further said that coking coal imports also rose by 5.44 per cent to 54.46 million tonnes in 2022-23 as against 51.65 million tonnes in 2021-22. . ...Read More

• PESB recommends PM Prasad for Chairman, Managing Director of Coal India

  04 May 2023

  The Public Enterprises Selection Board (PESB) has recommended the name of P M Prasad for the post of Chairman and Managing Director of Coal India Limited, an official said on Wednesday . ...Read More

• Normalising China-Australia trade will take more than a political fix

  04 May 2023

  SYDNEY, May 2 (Reuters) - More than three years since China first blocked a range of Australian imports in a political dispute, restrictions are easing, but reviving trade is proving more challenging than stopping it in the first place. . ...Read More

• Warrior Met Coal earnings beat by $1.27, revenue topped estimates

  04 May 2023

  Investing.com - Warrior Met Coal (NYSE: HCC) reported first quarter EPS of $3.57, $1.27 better than the analyst estimate of $2.30. Revenue for the quarter came in at $509.7M versus the consensus estimate of $413.54M. . ...Read More

• 200 and counting: Global financial institutions are exiting coal

  04 May 2023

  Over 200 globally significant financial institutions have established coal exclusion policies, . ...Read More

• Australian thermal coal mine aims for Q4 restart on supply deal

  02 May 2023

  MELBOURNE, May 1 (Reuters) - Australia Pacific Coal (AQC.AX) is on track to restart a thermal coal mine in New South Wales state in the fourth quarter after it secured a supply agreement with a global coal buyer, it said on Monday. . ...Read More