News Categories

Global Coal Demand to Edge Higher

19 December 2018 - 06:06
Global coal demand will edge higher until 2023 as growth in India and other Asian countries offsets a decline in Europe and the United States, the International Energy Agency said Tuesday.

Indonesian thermal coal prices hold steady: Correction

18 December 2018 - 17:04
Indonesian thermal coal prices held steady in a thinly traded market, with little in the way of firm transactions coming to light.

Climate ideals clash with coal realities at Polish-led U.N. talks

16 December 2018 - 06:56
KATOWICE, Poland – Delegates at U.N. climate talks in the Polish city of Katowice point to the mining museum next to the conference venue as the proper place for coal, which provides 80 percent of the country's electricity.

Posco settles 4Q PCI contract price at $145/t fob

15 December 2018 - 22:23
South Korean steel producer Posco has agreed to a contract price of $145/t fob Australia for the October-December quarter with Australian producer Realm Resources for low-volatile pulverised coal injection (PCI) brand Foxleigh.

Global bankers spurn Trump's pleas to keep making loans for coal

13 December 2018 - 08:04
The European Bank for Reconstruction and Development, established to help foster democracy-building projects in former communist countries, is poised to adopt a strategic plan that rules out financing coal plants and mines — despite opposition from the U.S., the bank’s single biggest shareholder.

Optimum eyes bid from Macquarie-backed BEE firm

11 December 2018 - 07:08
Administrators of South Africa's Optimum Coal have elected a 3bn rand ($211mn) bid from black economic empowerment (BEE) consortium Project Halo, backed by Australian bank Macquarie, as their preferred offer for the financially distressed mine.

Indonesia Cuts Coal Benchmark Price for the Fourth Month

9 December 2018 - 00:58
Indonesia has lowered coal benchmark price by 5.51% in Dec'18 to USD 92.51/MT FOB vessel, from USD 97.90/MT in Nov'18, the Energy and Mineral Resources Ministry said in a statement on Wednesday, Dec. 5.

EU's largest coking coal producer seeks growth through acquisitions

7 December 2018 - 19:35
The European Union's largest coking coal producer JSW could increase output by between 2.5 and 3 million tonnes per year by acquiring assets, far exceeding its current plan to grow production to 18 million tonnes by 2030 from roughly 15 million now.

German coal supply restrictions support January prices

30 November 2018 - 16:03
The German January power contract has stepped higher, with expectations for a strong call on older gas-fired power plants and high coal-fired output costs owing to restricted coal deliveries because of low river levels.

China’s coastal freight rates fall on weak demand

22 November 2018 - 19:27
Coastal freight rates for vessels shipping domestic coal from north Chinese ports to utilities in the east and south coastal regions have reached a 3½-month low amid sluggish demand from utilities.
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