Coal news and updates

Updated daily

• 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

• China Scores Some Climate Wins, But Energy Demand Growth a Risk

  23 Nov 2022

  China’s clean power and electric vehicle sectors are on track to meet ambitious climate targets, but rapid energy demand growth and continued coal investments risk derailing the progress. . ...Read More

• EU coal prices surge as Colombia rail blockade halts exports

  23 Nov 2022

  (Montel) Coal exports by one of Colombia’s largest producers, Cerrejon, have ground to a halt amid an ongoing rail blockade, which has driven up European coal prices, market participants said on Tuesday. . ...Read More

• Preparing for a peak power demand of 230 GW in FY 2024: Alok Kumar, power secy

  23 Nov 2022

  Data analysed by Moneycontrol showed that coal stocks in the country were better during and post-monsoon period in 2022 compared with the same period in 2021. . ...Read More

• Indonesia to build coal plants despite $20b deal on clean energy transition

  23 Nov 2022

  • The Indonesian government will still permit the construction of new coal-fired power plants, despite recently signing a $20 billion energy transition financing deal with industrialized countries. . ...Read More

• China's coal imports from Russia fall in Oct on rail jam, weak demand

  22 Nov 2022

  SINGAPORE: China's coal imports from Russia continued to slip in October from the prior months, as logistics bottlenecks in Russia curbed supply and lower demand in China also capped appetite for the fossil fuel. . ...Read More

• South Africa resumes coal rail deliveries to export port

  22 Nov 2022

  (Montel) Transnet Freight Rail in South Africa has fully resumed operations of the rail system serving the country’s main export terminal at Richards Bay following a derailment that halted deliveries for nearly two weeks. . ...Read More

• Asset monetisation of Rs 33,422 cr in FY23 so far, Coal Min leads with Rs 17K cr

  22 Nov 2022

  The Ministry of Coal has so far achieved a monetisation value of Rs 17,000 crore, against an overall monetisation target of Rs 30,000 crore in 2022-23, . ...Read More