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Reuters reported that Japan’s Mitsubishi Materials Corp has sold its 11.21% stake in Australian coal producer New Hope Corp for AUD 157.6 million. The deal, arranged by JP Morgan, was for a block trade of 93.24...

Posted By : Yogender Pancholi 1 hour 49 minutes ago
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Whitehaven MD and CEO Mr Paul Flynn said “The first half result has been impacted by a softening of the Newcastle Index thermal coal price. More subdued pricing, in combination with a number of transient production...

Posted By : Yogender Pancholi 1 hour 51 minutes ago
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The Westmoreland Coal Mine in Estevan is permanently laying off 25 of its staff members after a drop in demand for coal. Estevan's Chamber of Commerce said job loss was expected since Unit 4 at Boundary Dam is expected...

Posted By : Yogender Pancholi 1 hour 52 minutes ago
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Argus reported that JSW plans to boost its thermal coal trading operations, underscoring the conglomerate's aim of tapping growing opportunities in the seaborne coal markets. A company official told Argus “JSW group...

Posted By : Yogender Pancholi 1 hour 55 minutes ago
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PTI reported that state-owned Coal India Limited’s coal supply to the power sector registered a decline of 6.8 per cent to 377.86 million tonnes in the April-January period of the ongoing fiscal while despatches to...

Posted By : Yogender Pancholi 1 hour 57 minutes ago
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National Energy Administration said that China has resumed 70 percent of its coal production capacity with output recovering steadily amid the fight against the novel coronavirus epidemic. NEA data showed that as of...

Posted By : Yogender Pancholi 3 days 2 hours 50 minutes ago
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Warrior Met Coal Inc announced that it is commencing development of its Blue Creek reserves into a new, world-class longwall mine located in Alabama near its existing mines. Warrior Met Coal CEO Walt Scheller said “We...

Posted By : Yogender Pancholi 3 days 2 hours 52 minutes ago
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Energy MX reported that Anglo American CEO Mr Mark Cutifani gave the strongest indication yet of the group’s approach to its thermal coal assets saying it would own them for only five more years and probably less than...

Posted By : Yogender Pancholi 3 days 2 hours 57 minutes ago
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Seaborne coking coal prices averaged USD 177.0 per tonne in 2019, 15% lower than in 2018, and averaged USD 140.0 per tonne in 4Q19, 13% lower than in 3Q19. Poor performance of seaborne coking coal during the year was...

Posted By : Yogender Pancholi 3 days 2 hours 59 minutes ago
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Embosal Brings Jumbo and Odd Size Steel Tubular Sections to Indian Market

Posted By : Yogender Pancholi 3 days 22 hours 2 minutes ago
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Reuters reported that Noble Resources’ chief coal analyst Rodrigo Echeverri said that China’s domestic thermal coal market faces a 2-3 month short squeeze as a rapidly spreading coronavirus outbreak curtails...

Posted By : Yogender Pancholi 4 days 2 hours 34 minutes ago
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Financial Express reported that the plan to deploy heavy machinery for ramping up output in Khottadih underground mine in West Bengal of Coal India has hit the Coronavirus roadblock, as officials of the Chinese company...

Posted By : Yogender Pancholi 4 days 2 hours 49 minutes ago
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Reuters reported that Indonesian coal miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that the changes could underpin an...

Posted By : Yogender Pancholi 4 days 2 hours 53 minutes ago
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ET reported that Coal India Limited’s exploration arm Central Mine Planning & Design Institute Limited has achieved 95 per cent of its exploration targets by December 2019. According to the company, in 2019-20, it was...

Posted By : Yogender Pancholi 4 days 2 hours 57 minutes ago
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ET reported the Centre and Coal India have initiated the process of offering three-month coal supply contracts for power plants that don’t have power sale agreements. The first auction, on highest bid basis, will be...

Posted By : Yogender Pancholi 4 days 3 hours 2 minutes ago
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Aki Press reported that Mongolia, which has set a goal to export 42 million tonnes of coal in 2020, has been forced to suspended coal deliveries to China on Friday as a mea

Posted By : Yogender Pancholi 5 days 2 hours 45 minutes ago
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India’s Coal Minister Mr Pralhad Joshi while chairing a two-day brainstorming session said that India will stop importing thermal coal from FY24. The coal minister said that various ways and means were discussed with...

Posted By : Yogender Pancholi 5 days 2 hours 47 minutes ago
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ET reported that state-run miner Coal India will increase spot e-auction offerings in the current quarter to 15 per cent of the year ½ production. A top company executive said "Bulk of the auction offering during the...

Posted By : Yogender Pancholi 5 days 2 hours 48 minutes ago
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Miners at Poland's biggest coal producer, state-run PGG, staged a two-hour strike early on Monday, warning they will not renounce demands for a 12 per cent pay rise and a clear national energy plan guaranteeing a future...

Posted By : Yogender Pancholi 5 days 2 hours 50 minutes ago
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Global mining giant BHP said “Energy coal prices were in a steady downtrend for most of the first half of financial year 2020. The gcNewc 6000 kcal/kg FOB Newcastle index averaged around $68/t over the half, down from...

Posted By : Yogender Pancholi 5 days 2 hours 53 minutes ago
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Indonesia plans to relax environmental rules to encourage investments in coal mining by cutting red tape. The Job Creation bill, submitted to parliament last week, aims to open up industries and includes proposals to...

Posted By : Nishith Sharma 7 days 2 hours 1 minute ago
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CBC News reported that the Nova Scotia Department of Labour has issued a stop work order at the Donkin mine in Cape Breton following a second rockfall in under two weeks. No one was hurt and no machinery was damaged...

Posted By : Nishith Sharma 7 days 1 hour 59 minutes ago
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Environmental campaigners are launching a judicial review against Cumbria County Council for giving the go ahead to what would be the UK’s only deep coal mine. Campaign group Keep Cumbrian Coal in the Hole, run by the...

Posted By : Nishith Sharma 7 days 1 hour 57 minutes ago
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Coal India Limited’s coal production has dropped 4 per cent to 451.5 million tonne in the current financial year so far as against 469.6 million tonnes in the same period last fiscal. Coal dispatch by the company also...

Posted By : Nishith Sharma 7 days 1 hour 56 minutes ago
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Reuters reported that Poland's biggest mining company PGG expects coal output to fall to between 29.6 million and 29.7 million tonnes this year from more than 30 million last year as demand has dipped partly due to a...

Posted By : Yogender Pancholi 10 days 1 hour 15 minutes ago
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