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No Large-Scale Cuts From Chinese Coal Mines

Mar 9, 2017

China's National Development and Reform Commission (NDRC) said Tuesday that it will not seek to lower coal output in large scale, even as it continues to rationalize supply. This is provided that prices remain in a reasonable boundary. ...

Tags: Coal Mines, Coal

China Promises Further Cuts to Steel Capacity

Mar 6, 2017

Numerical targets to reduce coal and steel production capacity have, for the first time, been set in the annual Chinese government work report. China will reduce steel production capacity this year by around 50 million metric tons and ...

Tags: Steel Capacity, Coal

Coal Production Down 9.4 Pct in 2016

Feb 3, 2017

Amid the country's effort to build a greener energy system, the country's raw coal production by its large-size coal companies continued to decline in 2016. Combined raw coal production from the country's designated large coal companies ...

Tags: Coal Production, Coal

China Eyes Greener Energy Mix by 2020

Jan 10, 2017

Amid spiking energy demand and mounting environmental challenges, China is striving to build a greener energy system, with more investment flowing to the clean energy sector in the coming years. China's total energy consumption will be ...

Tags: Greener Energy, clean energy

China Steel, Coal Capacity Cut Target Achieved

Nov 25, 2016

China has "basically" achieved this year's steel and coal capacity reduction goals, according to a State Council statement. A statement released after a State Council executive meeting presided over by Premier Li Keqiang spoke highly of ...

Tags: steel, coal capacity

Coal Price Rise Irrational

Nov 1, 2016

The recent coal price surge in China was irrational and unsustainable, an official said Monday, predicting that prices will retreat as supplies increase. There is no basis for further rises in coal prices, as supplies, freight volume and ...

Tags: Coal, Coal Price

China Set to Hit Steel, Coal Capacity-Cut Targets Early

Oct 31, 2016

China will hopefully achieve its annual steel and coal capacity reduction goals ahead of schedule this year, the country's top economic planner said on Tuesday, as local authorities have intensified efforts in recent months due to pressure ...

Tags: Steel, Coal Capacity-Cut Targets

German Spot Power Strong on Low Wind, Low Coal Capacity

Nov 4, 2015

German power contracts for Monday delivery lost ground during Friday trading, yet remained buoyant on low renewables forecasts and reduced availability of coal-fired units. At Platts' 1100 GMT close, baseload power for Monday delivery was ...

Tags: renewables forecasts, coal

DTE Electric to Retire a Third of Its Coal-Fired Generation

Jun 23, 2014

DTE Electric, Michigan's largest power utility with more than 2.1 million customers, plans to retire a third of its coal-fired generation, more than 2,000 MW, by 2025, and rely more on natural gas and renewables, mostly wind, the company ...

Tags: natural gas, renewables

Raspadskaya Lost a Net $126 Million in 2013

Mar 28, 2014

Russian coking coal producer Raspadskaya lost a net $126 million in 2013, quadrupled from a net loss of $29.5 million a year ago, as its share of exports in its overall sales volumes grew to 42% due to weaker domestic demand, Raspadskaya ...

Tags: Coking Coal, Miner, integrated mining

Japan Imported 7.8 Million Mt of Thermal Coal in April

May 29, 2013

A spike in Japan's thermal coal imports in April was more a short-term push to accommodate new coal-fired power generation capacity coming online rather than any sign of a sustained long-term trend, according to a report by Macquarie ...

Tags: New Capacity, Thermal Coal Import

Increased Steel Production Projections by 3% Touching 1.6 Billion Tones

Dec 17, 2012

If analyst are to be believed 2013 certainly augurs well for the coking coal market. Increased steel production projections by 3% touching 1.6 billion tones will catalyze turn around towards the Q2 as the initial days will continue in the ...

Tags: Coking Coal Market, steel production projections, Chinese economy

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