Hunan, China (Platts)–15 Jul 2016 324 am EDT/724 GMT China mined 277.54 million mt of crude coal in June, down 16.6% on year, according to figures released by the National Bureau of Statistics on Friday. In the first six months, China mined a total of 1,627.64 million mt of crude coal,...

Amid declining global demand for coal, Indonesia is still seeing a gradual rise in domestic consumption for the commodity, driven mainly by the operation of new steam-fueled power plants and higher demand from the cement industry. Data from the Energy and Mineral Resources Ministry shows that...

A crackdown by the Chinese government on surplus thermal coal has had a knock-on effect on the price – spelling good news for miners of the fuel that investors and energy consumers love to hate. The price of high-grade Australian thermal coal, the benchmark for the Chinese market, has...

Hunan, China (Platts)–11 Jul 2016 451 am EDT/851 GMT China’s State-owned Assets Supervision and Administration Commission is set to eliminate coal and steel capacity of SASAC-owned companies by 10% over the next two years and by 15% over the next five years, it said on its website...

Morgan Stanley says Australia’s $14 billion thermal coal export industry can be part of the solution to the global emissions abatement challenge, as well as commanding premium pricing. Its twin call is based on the move towards new high-efficiency, low-emissions (HELE) coal-fired power...

Rio Tinto is selling its interest in an Australian coal mine for A$1 (US$0.75) — the latest transaction in the troubled coal sector agreed for less than the price of a cup of coffee. The Anglo-Australian miner said on Monday it was in discussions with Terracom, an Australia-listed junior...

South Korea’s coal consumption is expected to grow nearly 3 percent in 2016 from a year earlier, a report said Thursday, despite government efforts to cut back on coal-fired power generation to tackle growing concerns over fine dust. According to the report by the Korea Energy Economics...

JOHANNESBURG (miningweekly.com) – A greater-than-expected decline in global mine production, predominately in China, has prompted Fitch group company BMI Research to forecast higher coal prices. The research group now calculates that Newcastle coal will average $53/t this year, up on its...

MANILA, Philippines – Indonesia’s decision to stop coal imports to the Philippines could spell problems for the local power industry that relies on coal-fired power plants to supply electricity, the Department of Energy (DOE) said. The Philippines is heavily reliant on Indonesia for...

World demand for coal is expected to grow by 7 percent through 2030 as a result of emerging markets prioritizing cost effective energy production methods over environmental sustainability. India and Southeast Asia hold 26 percent of the world’s population but account for only 13 percent of...