The return of China as an outlet for US coking coal has brought some much needed light to US mining firms that survived a difficult fourth quarter of mine closures, Chapter 11 filings and output cuts carried out to tackle high inventories and a lacklustre European market.
News ID: 8587 Publish Date : 2020/03/06
Kuzbass-based coal mining firm Meltek targets an increase in output to 4.8mn t this year, up by 500,000t compared with 2019, on stronger output of high-margin coal grades, the company says. Most of the firm's production this year — 94pc, or 4.3mn t — is expected to be sent overseas, with the remainder sold domestically.
News ID: 8536 Publish Date : 2020/03/02
Coal production by India's state-controlled mining firm Coal India (CIL) is facing a first year-on-year decline in its fiscal year output in around two decades, despite the firm posting a steep recovery in production since December 2019.
News ID: 8532 Publish Date : 2020/03/02
Chinese buyers have entered the spot market for US coking coal cargoes with tariff exemptions starting on 2 March, potentially removing a 27.5pc import tax that made US shipments uncompetitive for the world's top consumer.
News ID: 8521 Publish Date : 2020/02/28
Heavy rains have delayed coking coal shipments on the Blackwater rail transport corridor in Queensland this morning, the second time this month that rains have disrupted services on the Blackwater line.
News ID: 8518 Publish Date : 2020/02/27
Japan's coking coal imports rose in January as it took more shipments from Australia and the US despite increasing spot prices.
News ID: 8516 Publish Date : 2020/02/27
Vietnam's coal imports increased in January compared with a year earlier, but growth eased from December as electricity generation dipped. And a slowdown in industrial activity because of the coronavirus outbreak could weigh on the near-term outlook for imports.
News ID: 8513 Publish Date : 2020/02/27
India's coal ministry will seek approval soon from the country's federal cabinet to launch the first auction of coal blocks for commercial mining, with the aim of issuing tender documents in the 2019-2020 fiscal year ending on 31 March.
News ID: 8499 Publish Date : 2020/02/26
After a Jekyll and Hyde year in 2019, and a decade characterised by China’s disruption of the met coal trade, participants can be forgiven for being sick of change. But research firm Wood Mackenzie believes a shift toward consistency and stability is probably too much to ask for in 2020 as China continues to play powerbroker over the seaborne market and spot pricing.
News ID: 8426 Publish Date : 2020/02/07
US coal miner Peabody Energy (NYSE:BTU), the world’s largest privately owned producer of the fossil fuel, reported on Wednesday a fourth-quarter loss of $289.8 million, a notable reversal of fortunes from a year ago, when it posted a profit.
News ID: 8405 Publish Date : 2020/02/06
The world’s biggest miner BHP (LON: BHP) is looking to India’s fast-growing economy and its accelerating steelmaking output as a way to help offset the declining Chinese coal demand in the new decade, The Sydney Morning Herald reported.
News ID: 8295 Publish Date : 2020/01/07
Canadian coking coal producer Teck Resources has signed an expanded commercial agreement with port operator Ridley Terminals to double coking coal throughput capacity from the Prince Rupert, British Columbia export terminal.
News ID: 8266 Publish Date : 2020/01/09
India's coal ministry has identified as many as 40 coal blocks with an estimated production capacity of 150mn t/yr for its maiden commercial coal mining auction to be held before the financial year ends in March.
News ID: 8258 Publish Date : 2020/01/09
Indian coking coal import volumes rose slightly in April-December from a year earlier as steel producers cut production rates in the fourth quarter on weak demand.
News ID: 8250 Publish Date : 2020/01/08
A one-day strike by trade unions in India today has hit output at state-controlled producer Coal India (CIL), potentially curbing the company's broader production plans. But the extent of the impact on production is unclear.
News ID: 8249 Publish Date : 2020/01/08
The Federation of Indian Mineral Industries (Fimi) is seeking the removal of a carbon tax on imports and domestic coal ahead of India's federal budget announcement in February.
News ID: 8243 Publish Date : 2020/01/07
Chinese producer Shanxi Coking Coal has maintained long-term contract prices for low-sulphur coking coal in 2020 after a spate of mine accidents resulted in production cuts that tightened supplies.
News ID: 8152 Publish Date : 2019/12/30
With the average price of US high-volatile type A coking coal at close to $200/t fob Hampton Roads in 2018, bullish mine economics encouraged some US mining firms to increase output or even restart mines.
News ID: 8149 Publish Date : 2019/12/30
President Donald Trump's administration is setting course to rapidly implement changes to energy sector regulations and open new areas to drilling ahead of next year's presidential election.
News ID: 8102 Publish Date : 2019/12/26
Higher South African coal prices are prompting Indian sponge iron manufacturers to look for alternative sources to stay afloat.
News ID: 8082 Publish Date : 2019/12/24