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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 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

Chinese Magnesium Prices Surge to New High

Oct 29, 2016

Chinese domestic magnesium prices have surged to fresh three-year highs due to tighter supply, stronger domestic demand and rising costs this year, magnesium trade platform Northeast Asia Magnesia Material Trading Center said in a report on ...

Tags: Magnesium Prices, Magnesium

China Top Coal Producer Reports Less Profits in Q1

May 3, 2016

China Shenhua Energy Company Limited, the nation's top coal producer, has said its net profits plummeted 28.3 percent year on year to 4.74 billion yuan (734 million U.S. dollars) in the first quarter of 2016. Shenhua, a State-owned ...

Tags: coal producer, coal

Australia's Queensland State Forecast to Receive Higher Tax Revenue From Coal Output

Dec 16, 2015

Tax revenue from coal production in the Australian state of Queensland is forecast to rise to A$1.93 billion ($1.4 billion) in fiscal year 2016-2017 (July-June), based on assumptions that hard coking coal prices will average $100/mt in the ...

Tags: coking coal, Thermal coal, Semi-soft coking coal

North American Coal Industry Faces More Declines in 2016: Moody's

Dec 15, 2015

The North American coal industry remains negatively positioned for 2016 with thermal coal facing a slow, long-term decline and metallurgical coal prices unlikely to recover within the next 12 months, a Moody's Investors Service note said ...

Tags: Coal Industry, thermal coal, metallurgical coal

Poland Planning to Export Coal From Stockpiles to Ukraine

Dec 15, 2015

Poland is planning to sell its hard coal stockpiles to Ukraine in order to raise cash to inject liquidity into the country's struggling state-owned coal miners, development minister Mateusz Morawiecki, said Monday. "There is a coal ...

Tags: coal, coking coal, anthracite

China's Coal Consumption Continues to Drop

Nov 18, 2015

China's coal consumption continued to decrease in the first ten months this year, according to the China National Coal Association (CNCA) on Tuesday. Coal consumption hit 3.23 billion tonnes during the January-October period, down 4.7 ...

Tags: coal consumption, coal

China Thermal Coal Import Demand to Fall Sharply

Sep 27, 2015

Chinese demand for seaborne-traded thermal coal will fall sharply from 2016, dragging prices down in its wake, analysts at Goldman Sachs said this week. In a report entitled The Tiger and the Dragon, the bank's analysts downgraded their ...

Tags: Thermal Coal, Coal, Coal Mining

China's Declining Use of Coal May Be Felt From Australia to The United States

Mar 17, 2015

China's declining use of coal may be felt from Australia to the United States, especially the US state of Wyoming where coal is major part of the economy. Last week Premier Li Keqiang said China wanted to reduce its energy intensity ...

Tags: Metallurgy, coal, Coal Consumption

An Already Grim Situation Baout Coal Industry Made Worse by Weak Demand

Jan 27, 2015

Coal provides nearly two thirds of China's energy, but for mining companies, this winter could not be more chilly. The government has done its best to save the day, but it is not enough to force up the price of coal, even in the short ...

Tags: Coal Industry, Coal

Coal Will Show Black Light

Dec 15, 2014

It is the least spoken when it comes to Coal in the controversy. Investors see the relatively strong performance of coal stocks that recently appeared. The main stock exchange traded fund (ETF) has risen more than 13% since March 11. We ...

Tags: Power coal, Coal

NWR Has Reached Agreements with Its Customers for Coking Coal Sale for Q4

Nov 5, 2014

Central Europe-based miner New World Resources Plc (NWR) has announced that it has reached agreements with its customers for coking coal sales for the fourth quarter of the current year. Accordingly, NWR has set the average agreed price ...

Tags: Coking Coal Prices

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