There’s Still Life in Coal

International coal prices have fallen sharply over recent months. The spot free on board (FOB) price of coal shipped from Australia’s Newcastle export terminal stood at $72.50/t on 13 June 2019, 40pc below a peak of $120/t reached in July 2018. By the end of last year 30 countries had joined the Powering Past Coal […]

Canada agrees to sell Ridley Terminals to US investors

The Canadian government has agreed to sell the majority of Ridley Terminals to a company owned by US investment firms Riverstone Holdings and AMCI Group. The government said today that it has agreed to sell 90pc of its share in the terminal to Riverstone-AMCI for C$350mn (US$268mn). The remaining 10pc will be transferred to a […]

US coal producers to rely more on exports: Moody’s

 US coal producers will rely more heavily on export markets in coming years as domestic demand from power generation continues to fall, Moody’s Investors Service said. The ratings agency expects coal demand from US utilities to erode significantly between 2020-2030, driving contraction in the industry and increasing producers’ reliance on exports. Planned coal-fired power plant […]

U.S., Canadian Coking Coal Exports Eye SE Asia

U.S. and Canadian coking coal exporters are eyeing emerging growth markets in southeast Asia with increasing interest, with some in early-stage discussions with buyers in Vietnam and Malaysia. Data from the U.S. Census Bureau does not show any coking coal going towards Vietnam or Malaysia historically. Canadian trade data show 497,408t of coking coal heading […]

World News: Australia sees gold overtaking thermal coal as export earner

Australia expects gold to overtake thermal coal as its fourth-largest export earner in the coming financial year as coal prices fall on subdued demand from Asia, while global tensions prop up gold prices. Asian demand for the heating fuel is expected to top out this year, as large consuming countries, including China, turn to cleaner […]

Coal oversupply in the Atlantic ‘heading for Asia’

A recovery in the global seaborne coal markets is unlikely in 2019 given a possible oversupply of 25mn-30mn t this year if exports are not reined in, Rodrigo Echeverri, the head of research at Noble Resources, said this week. Total seaborne supply from many countries, and particularly Indonesia, could rise by around 25mn t to […]

EKPC seeks coal for 2020, 2021

East Kentucky Power Cooperative (EKPC) is seeking up to 480,000 short tons (435,456 metric tonnes) of coal for 2020-21. The Kentucky utility cooperative issued two requests for proposals (RFP) yesterday for its Spurlock Power Station. One solicitation seeks up to 10,000 st/month of coal for units 1 and 2 and the other is seeking up […]

Canada, U.S. gain as India cuts dependence on Australian coking coal

Shipments of coking coal from the United States and Canada rose to a sixth of all Indian imports of the fuel during the year ended March 2019, as steelmakers in the coal guzzling country look to cut their dependence on Australia. Australia’s share in India’s coking coal market fell to 71%, or 36.91 million tons, […]

India taking more U.S. coking coal, pushing out Australia: Xcoal

India is buying more U.S. coking coal after disruptions in top supplier Australia, and as U.S. miners seek new markets due to declining demand from America’s steel industry, an executive at Xcoal Energy & Resources India said on Monday. Interruptions to Australian supply have worsened in the past few years, driving Indian steelmakers to seek […]

Arch, Peabody to combine western US coal assets

US coal producers Arch Coal and Peabody Energy today announced they will combine their Powder River basin (PRB) and Colorado assets into a joint venture. Increased competition in thermal coal markets require companies to increase efficiency, drive down costs and reduce future capital requirements, said John Eaves, Arch’s chief executive. “It is hard to envision […]