US Powder River Basin 8,800-Btu/lb thermal coal for May delivery closed 20 cents higher at $13.05/st on Wednesday, the highest level for the front month since November 23, 2011, when the price closed at $13.75/st. PRB 8,800 physical May ...
Tags: thermal coal, coal production, PRB basin
Coal producers in Shanxi, China's biggest coal-producing province, incurred an overall loss of RMB 4.02 billion ($0.66 billion) in the January-February period of the current year, with half of the coal producers in the province recording ...
Tags: Coal, Metallurgy, Mineral, Energy
Port Waratah Coal Services' export terminals at Australia's Newcastle port shipped 2.35 million mt of mostly thermal coal to China in March, down 6% from February, the operator said in a report Tuesday. China's offtake represented 26.3% ...
Tags: Coal, thermal coal, coal shipments
The focus in the Chinese spot market was back on domestic thermal coal prices, which buckled in Asia trade and caused buying interest on cargoes of imported fuel to sink below $75/mt CFR South China in many cases, said market sources. ...
Tags: Buckles, Thermal Coal
Coal shipments to South Korea from Port Waratah Coal Services' terminals at the Australian port of Newcastle slumped 55% from January to 993,000 mt in February, the company said Thursday. The drop comes after Port Waratah's terminals ...
Tags: Coal Imports, Newcastle Port, Coal shipments
Bearish sentiment blanketed the Indonesian thermal coal market Wednesday amid reports of price discounting by major Chinese coal producers to their domestic customers, said traders. A medium-sized Indonesian coal producer said he expected ...
Tags: Thermal Coal Market, Deal-Making
Around a quarter of Australian metallurgical coal is sold on a spot basis following a significant increase in production and the fact that the primary buyer, China, prefers short-term pricing, an analysis of Platts data and a survey of ...
Tags: Coal Market, Spot Pricing
Indonesian thermal coal exporters are now required to produce a certificate clearing the miner to produce coal before they ship material overseas, a government official said. The latest move is the second regulatory obstacle encountered ...
Tags: Coal Exporters, Regulatory Hurdle
Colombian coal exports in 2013 dropped 1% on the year to 76.652 million mt, according to data late Friday from the country's statistics agency DANE. Colombia's 2013 export sales in 2013 fell 14% on the year to $6.687 billion FOB, DANE ...
Tags: Coal Exports, Mineral
Cost control and the changing face of competition from natural gas emerged as major themes facing the coal industry as the CoalTrans USA conference wrapped up Friday in Miami. While long-term forecasts for US coal production split between ...
Tags: Cost Control, Natural Gas
The coal industry suffered heavy losses last year amid rising stockpiles and falling prices, official data said on Tuesday. From January to November, profits for coal producers dropped 36.6 percent year-on-year to 197.64 billion yuan ...
Tags: Coal Producers, Mineral
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
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 ...
China will raise the threshold on new coal mines and halt approval on those that do not meet specified requirements, in the latest effort to regulate the oversupplied sector. New coal mines with annual output below 300,000 tons and ...
Tags: Coal Mine, Metallurgy, Mineral, Energy