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Beijing orders utilities, miners to help cool red-hot coal market: sources

May 22, 2018, 5:24 pm

BEIJING (Reuters) - China’s state planner ordered utilities this week to stop stockpiling thermal coal and told miners to slash prices, two sources familiar with the matter said, the government’s first direct intervention to cool coal prices since mid-2016. The National Development...

Ministry Cannot Say When Coal Limitation Rule Can Start

May 22, 2018, 1:06 pm

TEMPO.CO, Jakarta - The Energy and Mineral Resources Ministry cannot give an exact time of when the policy to limit coal production can commence. The limitation is stipulated in the Energy Minister`s Regulation No.25/2018 on Coal and Mineral Mining Businesses that was recently...

Sulfur limit change could alter South Korea's demand profile for thermal coal

May 21, 2018, 3:27 pm

South Korea's adoption of an annual sulfur limit of 0.4% as-received basis for thermal coal used to fuel its coal-fired power plants could radically change the Asian country's demand profile for imports, according to market sources familiar with the move. Power plant operators in South...

India's state power plants resume coal imports amid domestic shortages

May 17, 2018, 4:46 pm

State-run thermal power plants in India's coastal states have again begun buying overseas coal due to domestic coal shortages, government and utility officials said, in a setback for the country's long-term plans to eliminate imports. After no significant imports in 2017, government...

European natural gas, coal generation margins under pressure from rising fuel, CO2 prices

May 14, 2018, 6:05 pm

European gas- and coal-fired power generation margins have come under strong pressure as outright power prices trail behind a rising fuel complex and rallying EUA carbon allowances. In Germany, the front-year clean dark spread (CDS) for a modern coal plant (45% efficiency) has fallen below...

Asia coal industry sees blue skies, ignores storm clouds: Russell

May 10, 2018, 10:19 am

NUSA DUA, Indonesia (Reuters) - Asia’s coal miners, shippers and traders are seeing strong demand and rising prices for their fuel, and they expect this happy situation to persist for several years to come. It was a challenge to find anybody pessimistic about the outlook for coal in Asia,...

Indonesia sees coal output flat in 2019 amid equipment shortage

May 7, 2018, 4:50 pm

NUSA DUA, Indonesia, May 7 (Reuters) - Indonesia is targeting annual production of 481 million tonnes of coal this year and next, a mining ministry official said on Monday, as producers of the fuel are struggling to get new heavy equipment and parts. That’s up around 4 percent from the 461...

Glencore completes Aussie coal deal

May 4, 2018, 6:17 pm

Glencore has wrapped up the purchase of a stake in a large Australian thermal mine Australia, underscoring its position as the world’s biggest exporter of the fossil fuel. The London-listed company on Friday said it had received the regulatory approvals needed to complete the acquisition...

Two U.S. coal miners see growth amid sector's gloom

May 2, 2018, 6:30 pm

U.S. electric utilities are expected to shut hundreds more of their coal-fired power generators in the coming years, extending a long trend away from coal and toward natural gas that has cast a pall over the mining industry. But not every U.S. coal company sees a bleak future. Ramaco...

Indonesian coal miners report healthy Q1 average selling price amid China demand

April 30, 2018, 11:00 am

Indonesian coal miners reported higher average selling prices in the first quarter of 2018, supported by strong Chinese demand and weather-related supply disruptions. Rains have been impacting production at various producing regions in Indonesia over the past few quarters. However, miners were...

Strong Asian demand continues to hold up thermal coal markets

April 27, 2018, 11:11 am

LONDON/SINGAPORE (Reuters) - Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding not far off $100 a tonne despite the onset of the usual lull at this time of year. Benchmark Australian thermal coal...

UK runs without coal power for three days in a row

April 24, 2018, 11:20 am

The UK has been powered without coal for three days in a row, setting a new record and underlining the polluting fuel’s rapid decline. Coal has historically been at the cornerstone of the UK’s electricity mix, but last year saw the first 24-hour period that the the country ran...

Coal use will drastically decline in the next 30 years, the World Bank predicts

April 2, 2018, 11:25 am

The world's reliance on energy sources like oil and coal, some of the main culprits behind pollution, is dwindling, according to the World Bank. "The model has been coal plus renewables, the model can be gas plus renewables. I think 10, 12 years from now, we will see renewables and...

CORRECTED-China's 2017 coal consumption rose after three-year decline, clean energy portion up

February 28, 2018, 5:02 pm

BEIJING, Feb 28 (Reuters) - China’s coal consumption last year picked up for the first time since 2013, the National Bureau of Statistics said on Wednesday, despite Beijing’s push to promote less-polluting energy sources. The world’s biggest coal consumer used 0.4 percent more...

China's January coal imports from Australia surge as blizzard hits

February 26, 2018, 6:44 pm

BEIJING (Reuters) - China’s coal imports from key supplier Australia surged in January from a year ago, customs data showed on Saturday, boosted by strong demand at utilities amid freezing weather. The world’s top coal consumer brought in 7.94 million tonnes of coal from...

Japan task force echoes foreign minister calls to back renewables over coal, nuclear

February 21, 2018, 6:50 pm

TOKYO,: An energy task force advising Japan's foreign minister has proposed boosting renewable energy and shifting away from coal-fired and nuclear power at home, arguing the country's energy policies are outdated and undermine its global competitiveness. The advice comes in a...

Trump Administration Is Weighing Emergency Aid for Some Coal Plants

February 9, 2018, 6:54 pm

After failing to win a bailout for cash-strapped coal plants, some Trump administration officials are considering emergency orders that could keep at least some coal generators online, people familiar with the discussions said. The approach would require Rick Perry to use his authority as U.S....

COLUMN-South African coal loses Europe, but gains South Asia: Russell

February 6, 2018, 6:59 pm

CAPE TOWN, Feb 5 (Reuters) - A decade ago South Africa sent the bulk of its coal exports to Europe, a market now disappearing right before its eyes. But far from being worried, South Africa’s coal exporters are confident that they can increase shipments in coming years by...

In the shadow of oil, coal markets rise from the ashes

February 4, 2018, 6:53 pm

SINGAPORE/MELBOURNE (Reuters) - Far from entering the death throes predicted by some environmentalists and analysts, thermal coal miners are enjoying their best returns in years as strong Asian demand and tight supplies send prices soaring. Chinese thermal coal futures hit a record of...

Energy guarantee protects coal sector from renewable competition – analysis

February 2, 2018, 6:50 pm

The Turnbull government’s proposed national energy guarantee will protect coal generators from competition provided by renewables and batteries and undermine the efficiency of investment in renewable generation capacity, according to a new analysis. The analysis of the government’s...

Wind, Solar, Biomass Overtake Coal Power in EU for First Time

January 31, 2018, 4:19 pm

Power generated by wind, solar and biomass in the European Union overtook coal for the first time in 2017, a report by Germany’s climate lobbyist Agora Energiewende and U.K. think tank Sandbag showed. Wind and solar parks and biomass plants dotted from Ireland to Romania raised their share...

Coal Bites Back in China Amid Supply Worry

January 29, 2018, 4:09 pm

In the latest reminder that coal still dominates the world’s biggest energy consumer, Chinese power producers are warning of supply tightness while one northern province plans to pause switching homes and industries to natural gas to avoid further heating shortages. Four of China’s...

COLUMN-Coal delays seasonal price decline on robust Asia demand: Russell

January 22, 2018, 4:34 pm

LAUNCESTON, Australia, Jan 22 (Reuters) - It’s getting to the time of year when a seasonal decline in thermal coal prices in Asia is to be expected as winter’s demand peak passes - but so far the power station fuel is defying gravity. The price of spot cargoes of thermal...

Exclusive: Trump's coal job push stumbles in most states - data

January 19, 2018, 4:27 pm

WASHINGTON (Reuters) - President Donald Trump’s effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters. Trump made...

Coal India boss sees challenging times ahead

January 15, 2018, 6:45 pm

Coal IndiaBSE 0.99 % Ltd, which is struggling to meet coal production targets, foresees significant competition coming in from the private sector in the future, a top official of the company has said. "More challenging times are ahead. Soon, mines for commercial exploitation will be...

Coal India to charge customers on energy content in coal

January 10, 2018, 6:40 pm

KOLKATA: Coal IndiaBSE 0.99 % has decided to shift to a pricing system under which customers would be billed on the basis of exact energy content per kilogram of coal in every consignment that is sold to them. The new system would be effective from April 1, 2018. At present, prices of coal is...

Asia powers demand for thermal coal

January 8, 2018, 12:40 pm

Thermal coal, the least loved major commodity, has jumped to its highest level since late 2016 as strong manufacturing activity in Asia and appetite from China drives demand. Thermal coal is burnt to generate electricity, and is a big source of income for miners such as Glencore, Whitehaven and...

China aims to supersize coal sector through mergers

January 5, 2018, 1:18 pm

BEIJING (Reuters) - China said on Friday it plans to create several “super-large” coal mining companies by the end of 2020 as the world’s biggest producer of the fuel ramps up years of efforts to streamline the fragmented sector and slash outdated capacity. The...

Asian coal prices hit late 2016 high amid huge shipping congestion

January 4, 2018, 12:57 pm

SINGAPORE (Reuters) - Asian benchmark thermal coal prices have pushed to their highest levels since 2016, fueled by demand in China and loading delays in Indonesia that have ramped up shipping congestion outside major coal ports. Spot cargo prices for Australian Newcastle coal have risen nearly...

Coal miner Toba Bara to issue US$250 million notes

December 27, 2017, 4:27 pm

Publicly listed coal miner PT Toba Bara Sejahtra has announced plans to issue medium-term notes (MTN) worth US$250 million in order to refinance its debts and further expand its businesses. The notes, which will be listed in the Singapore Exchange (SGX), will mature in five years with a maximum...

Peabody Energy Rising, Coal Industry In Decline, What Is Going On?

December 20, 2017, 4:19 pm

Summary Peabody Energy, key supporter of Trump administration, attempts to force coal use to continue. Huge changes towards digital flexible power delivery (no inflexible base load coal, nuclear): cheaper and in tune with digital transformation across all industries. Peabody...

Global coal consumption forecast to slow

December 18, 2017, 12:45 pm

Every major country in the world except India reduced its consumption of coal last year, with demand for the dirty fuel forecast to stagnate for the next half decade, according to official forecasts. The International Energy Agency said 5.3bn tonnes of coal equivalent were burnt in 2016, down...

Indonesia's coal king stands firm amid clean-energy challenges

December 15, 2017, 4:02 pm

JAKARTA -- Garibaldi Thohir may be one of Indonesia's wealthiest men, but it is his younger brother that gets all the attention. The younger brother, Erick Thohir, became a household name since buying the Italian soccer club Inter Milan in 2013, and he has continued to attract attention with...

South Korea may only switch one planned coal power plant to gas

December 11, 2017, 3:55 pm

SEOUL, Dec 8 (Reuters) - Only one of South Korea’s planned coal power plants is likely to be converted to gas, the country’s energy minister said on Friday, despite government efforts to switch four out of nine coal plants to boost gas power generation. South Korea is pursuing a...

China does U-turn on coal ban to avert heating crisis

December 8, 2017, 11:38 am

China's government has allowed some northern cities to burn coal in a temporary policy U-turn, as the country faces a heating crisis. Beijing had banned the use of coal for heating this winter in an ambitious plan to reduce pollution. Recent winters had seen heavy smog blanket China's...

China hit by gas shortages as it moves away from coal

December 4, 2017, 11:31 am

Gas-supply shortages are hitting north and central China as Beijing tries to accelerate a shift away from coal rather than miss environmental targets this year. The situation has left some residents — mainly urban migrants on neighbourhoods ringing the cities — without heat as...

China underscores push toward longer term coal contracts

November 29, 2017, 11:27 am

BEIJING (Reuters) - China has again urged coal suppliers and buyers to sign more medium- and long-term contracts, amid robust demand for the fuel during the peak winter-heating season. The National Development and Reform Commission (NDRC) said in a document published on Wednesday that medium- to...

India's North American coal imports may surge on domestic shortage

November 24, 2017, 11:23 am

NEW DELHI (Reuters) - India’s coal imports from North America are likely to surge as buyers are looking to boost purchases amid a domestic shortage of the fuel and a regional ban on petroleum coke, traders and cement company officials said. Shipping data from Thomson Reuters showed...

China iron ore rises with steel; coking coal hits two-month high

November 22, 2017, 11:16 am

MANILA (Reuters) - Chinese steel futures rose for a third straight session on Wednesday, supported by leaner supply and expectations that consumption in the world’s top user would recover when production cuts are lifted after winter. Prices of steelmaking raw materials iron ore and coking...

Chinese company starts construction of Serbian coal-fired power plant

November 20, 2017, 11:10 am

BELGRADE, Nov 20 (Reuters) - A Chinese company started construction on Monday of a new 350-megawatt unit at Serbia’s second largest coal-fired power plant, the first new electricity capacity in the Balkan country in nearly 30 years. The $613 million project is part of a wider deal between...

China Coal Output Falls to Eight-Month Low on Party Congress

November 16, 2017, 11:01 am

China’s coal production in October dropped to the lowest in eight months as some mines were shut to ensure safety during the twice-a-decade Community Party congress. Production last month declined 8 percent from September to about 9.15 million tons a day, according to...

Indonesia amends contracts with 13 coal mining companies

November 14, 2017, 10:51 am

JAKARTA (Reuters) - Indonesia has amended contracts with 13 coal mining companies, including some of the country’s biggest producers of the fossil fuel, as part of a shift toward a new mining permit system it expects to boost government revenues. Indonesia’s 2009 mining law requires...

Coal exports to China, Japan from Australia's Gladstone port strong in October

November 5, 2017, 7:51 pm

The longer term outlook is also weaker, given a flat to falling profile for Chinese steel demand, NAB said. Exports to Japan from Gladstone port were at a five-month high in October with 2.11 million mt, up 4% year on year and 11% higher than in September, the GPC data showed. Exports to...

Indian petcoke ban to boost coal imports amid already tight market

November 2, 2017, 7:54 pm

NEW DELHI/SINGAPORE (Reuters) - A ban on petroleum coke around the Indian capital of New Delhi starting from Wednesday will require the country to raise its imports of coal to replace the fuel, just as Asia is heading into the tightest market conditions for coal in years. India’s...

Consol Energy sets timetable for split into coal, natural gas producers

October 31, 2017, 8:02 pm

Consol stockholders will retain their shares of company common stock, but as a result of the name change, these shares will represent shares of CNX Resources Corp. after the separation. In addition, the master limited partnership currently named CNX Coal Resources LP will change its name to...

One Rare Thing to Watch for in U.S. Coal Earnings: A Profit

October 25, 2017, 8:04 pm

After years of bleeding cash and a painful string of bankruptcies, U.S. coal miners are poised to do something rare -- enjoy an earnings season. Boosted by higher global coal prices and a more conservative approach to mining, Peabody Energy Corp. kicks off the industry’s reporting cycle...

China Datang says has enough coal supplies for winter

October 23, 2017, 8:07 pm

BEIJING (Reuters) - China’s Datang Corp has 28 days of coal stocks for its power plants, enough for winter consumption, the company’s general manager told Reuters on Monday, brushing off concerns that utilities could not secure coal supplies for winter. That amount of supply is...

Indonesia's Adaro sees stable coal prices in 2018

October 20, 2017, 7:48 pm

Coal production in Indonesia, the world’s top thermal coal exporter, is expected to increase 5 percent in 2017 and 2018 from an estimated 440 million tonnes in 2016. Domestic consumption is expected to reach 101 million tonnes this year. Coal is around 57 percent of the country’s...

China's Shanxi plans nine more coal mine closures this year

October 16, 2017, 8:00 pm

SHANGHAI (Reuters) - Authorities in Shanxi, one of China’s biggest coal-producing regions, said on Saturday they plan to close nine more coal mines by the end of this year, according to a post on a government website. The planned closures come after authorities in the region vowed to...

No new coal power stations in Java, Indonesia energy minister says

October 12, 2017, 7:45 pm

JAKARTA, Oct 12 (Reuters) - Indonesia will not approve any new coal-fired power stations on the heavily-populated island of Java as the country strives to reach its renewable energy development targets, the energy minister said on Thursday. “We will not approve any coal-fired power plants...

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