Chinese domestic thermal coal prices have fallen further, fuelling speculation that some power utilities might be looking to walk away from existing contracts for imported material, sources said Monday. "I have heard rumours maybe that ...
Tags: Thermal Coal, Domestic Prices
US coal production totaled 256.7 million st in the third quarter of 2013, up 5.6% from the second quarter but down 0.9% from the year-ago period, according to the Quarterly Coal Report issued Thursday by the US Energy Information ...
Tags: Coal Production, Mineral
China's resource tax reform plan for the coal industry has already been submitted to the State Council and might possibly be carried out as early as January 1, 2014, a source was quoted by a financial information portal as saying Thursday. ...
State-owned PetroVietnam plans to start up the first phase of its 1,200 MW coal-fired power Long Phu 1 project in December 2017, the company said Monday. Under this phase, a 600 MW unit will be started up and in the second phase another ...
Tags: Coal-Fired Power, PetroVietnam
Chinese imports of bituminous and sub-bituminous thermal coal in November fell 11% year on year to 12.8 million mt, customs statistics showed Tuesday. Thermal coal imports were up 15% from the four-month low reported for October, the data ...
Tags: Thermal Coal, Mineral
November coal traffic on the Great Lakes totaled 2,675,065 short tons, down 4.1% from October and down 7.3% from a year ago, according to data from the Lake Carriers' Association. Year-to-date coal shipments on the lakes total 22.4 ...
Tags: coal shipments, Great Lakes Coal
Peabody Energy (NYSE: BTU) and China's Shenhua Group today announced they have entered into an agreement to create Sino-Pacific Coal Trading Corporation Pte. Ltd., a Singapore-based joint-venture company that will supply Shenhua's growing ...
China's Bohai Commodity Exchange, a local government-backed online trading platform for spot commodities, plans to launch cross-border trading in yuan for natural rubber and iron ore. It announced the plans in Hong Kong Tuesday during a ...
Tags: Bohai Exchange, Tianjin, iron ore
Bowie Resource Partners LLC, a joint venture between Bowie Resources, LLC and the Galena Private Equity Resource Fund managed by Galena Asset Management, has today completed the purchase of Canyon Fuel Company LLC from Arch Coal, Inc. for ...
Tags: BRP, Canyon Fuel Mines, joint venture, coal producing
Not many thermal coal buyers are looking to conclude deals for imported material this week with Chinese Lunar New Year holidays approaching, sources said Monday. "The delivery window before the Lunar New Year is closed," a source at a ...
Tags: Thermal Coal, Imported Material
Although the US coal industry's 2014 earnings are expected to decline modestly as more lucrative contracts roll off and metallurgical coal prices remain low, the outlook for producers remains stable, Moody's Investors Service said in a ...
Tags: Coal Industry, metallurgical coal
Chinese demand for lower-to-medium grade Indonesian thermal coal was stable, with a few deals being reported on Monday as buyers look to take deliveries of the cargoes before the Lunar New Year holidays, sources said. Two Handymax cargoes ...
Tags: Thermal Coal, Chinese Buyers
Arch Coal, Inc. (NYSE:ACI) today announced that Tygart Valley's Leer mine in northern West Virginia has begun operating its longwall mining system, representing a major milestone in the development of the overall mining complex. The Leer ...
Tags: Metallurgy, Mineral, Energy
Australian Newcastle port's coal shipments to China dipped to their lowest level in six months in November at 1.74 million mt, shipping data from terminal operator Port Waratah Coal Services showed Tuesday. Close to 22.7% of the 7.68 ...
The UK's consumption of thermal coal rose 8.5% on the month to 3.76 million mt in September, the highest for three months, according to data released by the Department of Energy and Climate Change Thursday. However the UK's rate of ...
Tags: Thermal Coal, Metallurgy