Trade unions at Poland’s biggest coal producer, State-run PGG, have agreed to the company reducing hours and pay by 20% in May, which would make PGG eligible for government help.
News ID: 9398 Publish Date : 2020/05/08
For more than two decades, Zimbabwe has been trying to break ground on a giant coal-power complex by the world’s biggest man-made reservoir. China just agreed to get the $4.2-billion project underway.
News ID: 9397 Publish Date : 2020/05/08
State-controlled NLC India has partially halted power generation at its biggest plant after a fire at one of its electricity producing units.
News ID: 9375 Publish Date : 2020/05/08
India's Adani Ports and Special Economic Zone (APSEZ) — the operator of one of the world's largest coal import terminals, Mundra — will focus on reducing operating costs and conserving cash in the 2020-21 financial year that started on 1 April amid the Covid-19 pandemic.
News ID: 9355 Publish Date : 2020/05/06
UK-South African mining firm Anglo American has closed its 5mn t/yr Grosvenor coking coal mine in the Bowen basin region of Australia's Queensland, after an uncontrolled explosion injured five workers at the site.
News ID: 9354 Publish Date : 2020/05/06
Poland's largest thermal coal producer Polska Grupa Gornicza (PGG) has stopped output from three of its mines, affecting about 20pc of its capacity, because of a worsening Covid-19 outbreak among its employees.
News ID: 9344 Publish Date : 2020/05/06
Sumitomo and Bowen Coking Coal announced Monday they have elected to proceed with an earn-in at the Hillalong joint venture, in Queensland.
News ID: 9326 Publish Date : 2020/05/05
Consol Energy’s effort to push rival coal company Murray Energy into liquidation is aimed at shuttering mines and reducing output in an oversupplied industry, according to the largest US coal miners’ union.
News ID: 9325 Publish Date : 2020/05/05
Global coal demand is heading for its biggest annual drop since World War II as economic activity plunges due to coronavirus lockdowns.
News ID: 9324 Publish Date : 2020/05/02
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
India's coal ministry is stepping up efforts to persuade coastal utilities to use domestic coal as it works with the railways to cut logistics costs and encourages boiler retrofitting to reduce the country's reliance on imports.
News ID: 9305 Publish Date : 2020/05/04
India's extension of its nationwide lockdown has further dented the near-term prospects of recovery for thermal coal and petroleum coke imports, with several consuming industries reluctant to ramp up operations amid weak demand.
News ID: 9303 Publish Date : 2020/05/04
US coking coal prices have taken another tumble this week, on lower Asia-Pacific transaction levels and weak buying interest outside of China.
News ID: 9282 Publish Date : 2020/05/01
Indian coking coal imports moving through 12 key state-controlled ports rose slightly from a year earlier during April 2019 to March 2020, as restocking initially accelerated but tapered off amid port closures as the Covid-19 outbreak worsened in India and lockdowns were imposed.
News ID: 9266 Publish Date : 2020/04/29
Term customers have deferred taking delivery of coal coking from Australian mining firm Stanmore Coal, as the Covid-19 pandemic drags on demand for seaborne supplies.
News ID: 9239 Publish Date : 2020/04/27
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
Major Chinese coal producers have set a floor price for domestic coal in a move to halt the aggressive and competitive price cuts they have been making since early this month. The decision for a floor price was made after oversupply and weaker power demand lowered coal prices more rapidly than expected.
News ID: 9189 Publish Date : 2020/04/20
