Coal news and updates

Updated daily

• Sharp decline of 51% YoY in OPBDITA/MT of cement companies to Rs 552/MT in Q2 FY2023 due to input cost pressures: ICRA •

  30 Nov 2022

  Elevated input costs are likely to result in a decline in operating profit margins by 600-690 bps in FY2023 against a decline of 440-490 bps as per earlier estimates in April 2022 ICRA, in its recent report, . ...Read More

• India needs to weigh options before partnership with G7 countries to accelerate a just energy transition

  30 Nov 2022

  • The G7 countries recently announced a just energy transition partnership with Indonesia. India is one of the countries next in line for such a partnership which accelerates the shift from fossil fuel to renewable energy in a socially and environmentally just way. . ...Read More

• Government offers Coal India flexibility to levy mine closure costs

  30 Nov 2022

  Coal India had closed underground mines for reasons of inviability in the past, but with the implementation of technology, these mines may be revived. As a result of unprecedented demand for coal, the world's largest miner is actively considering reviving some discontinued mines. . ...Read More

• Global Steel Output Continues to Drop

  28 Nov 2022

  Steelmakers worldwide are cutting output in an apparent effort to avoid surplus inventories once steel demand recovers from the effects of inflation, tight money supplies, war, and other factors. . ...Read More

• Mining Coal in Your Garden Is a Lucrative Business in Poland

  28 Nov 2022

  JP Joule and Trina Solar have finished building a 170 MW solar project on a former lignite opencast mine in Brandenburg, Germany. . ...Read More

• Liberal eligibility key criteria in largest commercial coal mines auction

  28 Nov 2022

  The Centre is hoping to entice interest from a variety of sectors beyond the core infrastructure . ...Read More

• Some Queensland coal mines to trade beyond 2050 net-zero target

  28 Nov 2022

  It has been revealed 12 coal mines across Queensland are expected to continue operating beyond the 2050 net-zero target. . ...Read More

• Thungela Consolidates 100% Stake in Anglo American Inyosi Coal

  25 Nov 2022

  11/24 ASIACOPPERWEEK-Freeport settles six-year high copper charges for 2023 with Chinese smel.. . ...Read More

• Asia-Pacific coal prices climb 8% amid supply limitations

  25 Nov 2022

  (Montel) Asia-Pacific benchmark coal prices rose 8% over the past week as ongoing limitations to Australian coal exports coincided with enduring global demand for the fuel, participants said on Thursday. . ...Read More

• China’s Record Coal Output to Weigh on Prices Amid Weak Demand

  25 Nov 2022

  (Bloomberg) — China’s coal production is set to climb for the sixth year in a row, reaching a new record, as the Beijing government acts to ensure supplies in the top miner and consumer of the fuel, spurring further declines in prices. . ...Read More

• S.Korea to cut coal's share of energy usage to under 20% by 2030

  25 Nov 2022

  The draft of the Korean government's 10th Basic Plan for Electricity Supply and Demand contains a clause on reducing coal generation's share of nationwide energy usage to below 20% by 2030, . ...Read More

• Bulgarian coal miner Mini Maritsa Iztok's 9-mo net profit rises sixfold

  24 Nov 2022

  SOFIA (Bulgaria), November 23 (SeeNews) - Bulgarian coal mining company Mini Maritsa Iztok reported a rise in its unaudited net profit to 60.02 million levs in the first nine months of 2022, from 10.5 million levs in the same period of 2021. . ...Read More

• Germany plans 33% windfall tax on gas, coal and oil firms

  24 Nov 2022

  BERLIN (Reuters) -The German government plans to introduce a special levy to skim off 33% of windfall profits made by oil, coal and gas companies, which could generate revenue of between one and three billion euros, finance ministry sources told Reuters. . ...Read More

• Railways eyes Rs 94k cr coal connecting projects as part of Energy Corridor

  24 Nov 2022

  The Ministry of Railways, as part of its ambitious energy corridor programme, is likely to sanction 107 coal-connectivity projects worth Rs 94,153 crore soon, . ...Read More

• Bankers pour cold water on red hot coal

  24 Nov 2022

  LONDON (Reuters) - It's the best of times, it's the worst of times. At least when it comes to mining coal . ...Read More