Coal news and updates

Updated daily

• Caribou take brunt for money-losing coal mines, says

  04 Dec 2020
  Precious caribou habitat is being sacrificed for a trio of northeast B.C. coal mines that have had a history of falling short of delivering the economic impact they were purported to generate, say the au... Read More.

• Surging iron ore drives Australia to trade surplus

  04 Dec 2020
  Resources exports are guiding Australia’s recovery from the COVID-19 pandemic, with iron ore continuing to set new highs as prices reach lucrative levels.
   
  Australia... Read More.

• Rawhide coal plant may have to close two years earlier than planned

  04 Dec 2020
  Platte River Power Authority’s Rawhide Unit 1 coal plant might have to close by the end of 2028, two years earlier than planned, pending a final vote from Colorado’s Air Quality Control Commi... Read More.

• Reeling U.S. Coal Industry Sends Two More Producers to Bankruptcy

  04 Dec 2020
  Falling demand for U.S. coal during the coronavirus pandemic continues to take a heavy financial toll on the industry, tipping two more coal production companies into bankruptcy.
   Read More.

• China to Allow Australian Coal Cargo Ashore Despite Ban

  03 Dec 2020
  China is set to allow a shipment of Australian coal into the country, according to a person familiar with the matter, despite a ban on such imports remaining in place as tensions between Beijing and Canb... Read More.

• Coal Combustion Responsible For Almost 1 Lakh Deaths In India: Report

  03 Dec 2020
  As hopes of a COVID-19 vaccine grow in the closing weeks of 2020, the Lancet medical journal has drawn attention to what Bill Gates and others say could be worse than the pandemic - climate change. The f... Read More.

• Port of Vancouver coal exports climb 7% on month in September

  03 Dec 2020
  Coal exports out of the Port of Vancouver rose to 2.47 million mt in September, up 7% from 2.3 million mt in August, but 29.5% lower than the 3.49 million mt shipped out in the year-ago month, Vancouver ... Read More.

• The capacity of U.S. coal mines has fallen 28% since its 2009 peak

  03 Dec 2020
  The U.S. Energy Information Administration’s (EIA) latest Annual Coal Report (ACR) shows that U.S. coal mining productive capacity, or the maximum amount of coal that mines can produce in a year, t... Read More.

• Insurers might be shunning coal, but they still like fossil fuels

  02 Dec 2020
  Even as more insurers across the globe back away from coal, many in the US continue to encourage fossil fuel pollution by underwriting the risk involved in oil and gas exploration and production.
  <... Read More.

• Q3 coal deliveries to US power plants rise 26.1% on quarter, dips 21%: EIA

  02 Dec 2020
  Coal deliveries to US power plants rose to 115.74 million st in the third quarter, up 26.1% from 91.76 million st in Q2, but 21% lower than 146.59 million st in the year-ago quarter, according to US Ener... Read More.

• Colombia coal production down 47% year-on-year in third quarter

  02 Dec 2020
  Coal production in Colombia, the world’s fifth-largest exporter of the fuel, fell 47.2% in the third quarter amid a national coronavirus lockdown and an ongoing strike at a major mine, according to... Read More.

• China State Grid Sees New Coal Plant Restrictions After 2026

  02 Dec 2020
  New coal power plants in China will face severe restrictions after 2026 as the country pivots to a carbon-neutral future, according to a researcher with the nation’s main grid operator.
  ... Read More.

• Indonesian miners sign $1.46B China coal deal

  01 Dec 2020
  The Indonesian Coal Mining Association (APBI) on November 25 signed a deal with the China Coal Transport and Distribution (CCTD) association to export $1.46 billion worth of coal to China next year.Read More.

• Seaborne PLV coal price ends 3-week drop

  01 Dec 2020
  Mysteel’s price assessment for seaborne premium low-volatile (PLV) hard coking coal has finally reached bottom. After steadily declining since early November, as of November 27 the price had increa... Read More.

• Coal miner Cerrejon and union reach deal to end 91-day strike

  01 Dec 2020
  Colombian coal mine Cerrejon and its largest union have reached an agreement to end a three-month strike, the company and the Sintracarbon union both said on Monday.
   
  The ... Read More.

• Utility union presses Biden to ease energy transition's impact on coal workers

  01 Dec 2020
  With the shift to cleaner power sources displacing workers in coal-reliant communities, one of the largest US trade unions for the utility sector hopes that President-elect Joe Biden will expand an Obama... Read More.

• Pacific Supramax freight rates surge as Chinese utilities receive fresh coal quotas

  30 Nov 2020
  Supramax freight rates in Southeast Asia surged at least 25% in the trading week ended Nov. 27 as the unexpected news of China releasing an additional 20 million mt of coal import quotas rapidly drained ... Read More.

• South Korea Still Heavily Dependent on Coal for Power Generation

  30 Nov 2020
  The South Korean government is aiming to achieve carbon neutrality by 2050. However, coal-based power generation still accounts for as much as 36.8 percent of South Korea’s overall power generation... Read More.

• Hope rising on China's relaxing of coal import curbs

  30 Nov 2020
  Confidence is building among Chinese coal-market participants that government authorities will soon partially ease the controls currently imposed on coal imports, lifting the restrictions perhaps until t... Read More.

• Appalling fate of non-coking coal trade

  30 Nov 2020
  While imports to the EU will continue to decline, momentum in Asia’s imports will remain intact over the next five-eight years, thereby supporting dry bulk shipping demand. However, increasing cons... Read More.