Financing a thermal coal project in Australia just got a little bit harder after Westpac Banking Corp. said it would exit the sector by 2030, leaving Australia and New Zealand Banking Group Ltd. as the last of the country’s big four yet to commit to dropping the most polluting fuel.
News ID: 9323 Publish Date : 2020/05/05
The seaborne thermal coal market is oversupplied by around 40mn t and a demand-supply imbalance could persist for much of this year as the Covid-19 pandemic dents economic activity.
News ID: 9215 Publish Date : 2020/04/22
The future of three of Australia's main coal export terminals is uncertain amid lower throughput and high debt levels looming for Queensland's Abbot Point port, Dalrymple Bay Coal Terminal (DBCT) and the Wiggins Island Coal Export Terminal (Wicet) at Gladstone.
News ID: 9201 Publish Date : 2020/04/20
Brazilian mining firm Vale has withdrawn its 2020 coking coal production guidance of 8mn-10mn t from its Moatize mine in Mozambique because of operational uncertainties caused by the Covid-19 pandemic.
News ID: 9193 Publish Date : 2020/04/20
China's power consumption for March has fallen on weaker demand from the manufacturing and services sector even as household use rose, suggesting that the nation's economy is still struggling to recover from the impact of the Covid-19 pandemic.
News ID: 9192 Publish Date : 2020/04/20
India is taking special steps to support renewable energy projects during the extended Covid-19 lockdown in a bid to stick to the country's broader goal of trimming its reliance on coal.
News ID: 9171 Publish Date : 2020/04/16
Vietnam's coal imports increased in March from a year earlier, partly because some cargoes destined for India were resold to Vietnamese buyers. But there is uncertainty surrounding Vietnam's future demand amid a lack of clarity on whether its Covid-19 restrictions, which are set to expire today, will be extended.
News ID: 9157 Publish Date : 2020/04/15
India has listed economic activities that could be permitted to resume from next week as it contends with the fallout from the Covid-19 pandemic. But coal-consuming industries say the move might not yield the desired results.
News ID: 9151 Publish Date : 2020/04/15
India has extended its nationwide lockdown by nearly three weeks as the country focuses on containing the Covid-19 pandemic. Although ports and coal transportation are deemed an essential service, demand from many sectors has been at a near standstill since the curbs were announced.
News ID: 9137 Publish Date : 2020/04/14
Weak demand and an increasingly uncertain price outlook put further pressure on the low-calorific value (CV) Indonesian coal market today. There were also signs that the derivatives market is also weakening after a May ICI 4 clip traded at well below yesterday's Argus settlement price.
News ID: 9134 Publish Date : 2020/04/14
India is taking steps to increase domestic coal offtake in an attempt to reduce the country's record stockpiles.
News ID: 9119 Publish Date : 2020/04/13
Seaborne coking coal prices surprisingly rose during the first quarter of this year in contrast to most commodities but the past three weeks have erased these gains, with Covid-19 slashing demand in major consumer regions Europe and India.
News ID: 9116 Publish Date : 2020/04/13
India's reform plans to allow commercial coal mining have run into fresh delays as the government focuses on containing the Covid-19 pandemic.
News ID: 9073 Publish Date : 2020/04/08
China's state-controlled Xi'an Railway group has reduced rail costs by 20-26pc for cargoes departing from some parts of Shaanxi, the country's third-largest coal producing province, to encourage more domestic industrial activity and cut coal logistics costs.
News ID: 9056 Publish Date : 2020/04/07
State-controlled mining firm Coal India's (CIL) ambitious output growth plans face a review after recording its first fiscal year-on-year drop in output in around 20 years, with the demand outlook equally clouded because of the impact of the coronavirus pandemic.
News ID: 9028 Publish Date : 2020/04/02
Several coal-consuming industries are likely to remain operational in Vietnam along with the power stations even as the government intensifies efforts to contain the coronavirus outbreak. But health-related precautions may result in labour challenges.
News ID: 9012 Publish Date : 2020/04/01
A number of Indonesian coal mining firms are considering cutting production amid expectations that Asia-Pacific demand will be heavily affected by the coronavirus pandemic.
News ID: 9011 Publish Date : 2020/04/01
Mongolia has gradually resumed coal exports to China through four border points from earlier this week, after two delayed restarts since exports halted in early February.
News ID: 9009 Publish Date : 2020/04/01
The Queensland state government has tightened the number of mine workers travelling from Australia's other states to only those critical to operations to combat the spread of the coronavirus outbreak.
News ID: 8990 Publish Date : 2020/03/31
Indonesian coal producer Bayan Resources is to halt production at two of its mining subsidiaries until 30 April as a precautionary measure amid the global coronavirus pandemic.
News ID: 8966 Publish Date : 2020/03/30
