Updated daily
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Indonesian coal companies go on buying spree for Western mines
12 Sep 2024Coal being moved from a barge at Indonesia's Tanjug Priok port. Indonesian mining companies have been buying up Western coal assets driven by lower emissions rules and cheap financing © Reuters . ...Read More
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Anglo American’s coal mine sale faces hurdles due to price drop
10 Sep 2024Monday, September 9, was the date Anglo American had indicated it would begin receiving bids for its five central Queensland coking coal mines. . ...Read More
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China has more than 1 bln tons/year of new coal mines in pipeline, report says
10 Sep 2024BEIJING, Sept 10 (Reuters) - China accounts for more than half of the world's pipeline of new coal mines, risking a significant increase in methane emissions, a new study published on Tuesday showed. . ...Read More
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Coal exchange to swap opacity for transparency
10 Sep 2024India is the world’s second-largest producer and consumer of coal and its procurement is set for transformation with the introduction of a coal exchange. This initiative aims to overhaul the existing coal trading system by introducing a transparent, efficient and competitive market, better able to meet the needs of consumers through greater competition among suppliers. . ...Read More
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India's power sector to rise 2.2 times to USD 280 bn by FY30: report
10 Sep 2024India's power generation and transmission sectors are poised for substantial growth, as the country enters a phase of capex-driven GDP growth, the power intensity should rise, said Jefferies in its report issued later this week in September. . ...Read More
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Dry Bulk Shipping Sees Renewed Momentum
09 Sep 2024The dry bulk shipping sector is experiencing a resurgence, with the Baltic Dry Index (BDI) showing improvement and major financial institutions taking notice. Deutsche Bank has recently initiated coverage on two key players in the industry, signaling renewed investor interest in the sector. . ...Read More
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Coal India targets 5 GW renewable energy by 2028
09 Sep 2024Coal India plans to install five GW of renewable energy capacity by 2028. The business is also planning to install pump storage projects in its open-cast mines in order to diversify its green energy portfolio. It is currently in various stages of discussion with other nations to acquire vital mineral assets. . ...Read More
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Indonesia has yet to receive promised G7 funds to reduce coal use
09 Sep 2024NUSA DUA, Indonesia :Indonesia is still waiting for cheaper financing to hasten early retirement of coal-fired power plants under a pact with the rich nations of the G7 grouping, senior government officials said on Monday, . ...Read More
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NLC India Ltd to Fast-Track Mining Operations at Machhakata Coal Block in Odisha
09 Sep 2024BHUBANESWAR: NLC India Ltd. (NLCIL) is set to begin operations at the Machhakata coal block in Odisha ahead of schedule, marking a significant milestone in its expansion strategy. The Machhakata block, . ...Read More
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LDII considers managing coal mining permits offered by the government
05 Sep 2024Chairman of the Islamic Da’wah Indonesia Institution (LDII), Chriswanto Santoso, has suggested that the organization is carefully evaluating the government’s offer of coal mining permits (IUP) to religious organizations. . ...Read More
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Poland plans to spin off its coal assets within a year
05 Sep 2024The Polish government is drawing up a model for transferring the coal assets of state-owned enterprises, with the aim of finalizing it in less than a year to allay investors' fears and adapt to new financial constraints. . ...Read More
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High U.S. Coal Stockpiles Cast ‘Bearish Cloud’ Over Natural Gas Power Demand
05 Sep 2024Relatively high coal stocks at U.S. power generators could indirectly influence natural gas demand this fall if gas prices rise and tilt costs more in favor of coal. . ...Read More
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Shorter dry bulk sailing distances limit upside of higher Chinese coal imports: Bimco
05 Sep 2024Dry bulk shipping is witnessing Chinese imports of coal rising to two-year high, but shorter sailing distances are limiting the upside of the higher imports, according to Bimco. . ...Read More
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U.S. WIND POWER GENERATION HIT RECORD IN APRIL 2024, EXCEEDING COAL-FIRED GENERATION
04 Sep 2024Electricity generation from wind established a new record in the United States in April, and wind generation exceeded coal-fired generation in both March and April, data from our July 2024 Monthly Energy Review show. . ...Read More
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Singareni CMD asks officials to produce, transport 2 lakh tonnes coal per day
04 Sep 2024The CMD said that to achieve the current financial year target of 72 million tonnes there was a need to increase daily coal production . ...Read More