CHINA Shenhua Energy Company Limited, the nation’s top coal producer, has said its net profits plummeted 28.3 percent year on year to 4.74 billion yuan (US$734 million) in the first quarter of 2016. Shenhua, a State-owned enterprise listed both in Shanghai and Hong Kong, said in a...

China is the world’s largest consumer of coal, accounting for around half of global consumption [Xinhua] China’s coal consumption will be around 4.3 billion tonnes by 2020 amid a push to use cleaner fuels and shift a slowing economy away from heavy industry, the China National Coal...

TOKYO/JAKARTA, April 22 (Reuters) – The Japan Bank for International Cooperation (JBIC) has not decided whether to fund the $4 billion Batang coal-fired power station project in Indonesia, its chief executive said on Friday, following protests by green groups and landowners. PT...

Glencore and Tohoku Electric Power set a Australian thermal coal import price 9 percent below last year, although the traditional benchmark for industry pricing appears to be breaking down, sources said. The contract price for the financial year beginning April 1 was set at $61.60 per tonne,...

Peabody Energy Corp, the world’s largest privately-owned coal producer, has filed for Chapter 11 bankruptcy protection in the US. The move comes in the wake of a sharp fall in coal prices that left the company unable to service a recent debt-fueled expansion into...

The steam-coal market is expected to remain challenging for the next few years, due to prices close to all-time lows, a massively oversupplied Chinese market, uncertain Indian market growth, and diminishing consumption across Europe, the United States and China, according to IHS Inc. (NYSE: IHS),...

Singapore (Platts)–8 Apr 2016 143 am EDT/543 GMT Indonesia’s Ministry of Energy and Mineral Resources has passed a new regulation on pricing formula for coal supply to upcoming domestic mine-mouth power plants, sources said Friday. An Indonesian government official said that...

Australian thermal coal miners are set to take another price hit, with Japanese power utilities close to agreeing to a contract price that will be more than 10 per cent below last year’s contract price. The annual round of price negotiations with the Japanese buyers is...

Activities are carried out at a coal mining site owned by PT Adaro Indonesia in Balangan, South Kalimantan.(The Jakarta Post/R. Bertho Wedhatama) The Indonesian Coal Mining Association (APBI) is ready to support the government’s carbon emissions reduction program, calling on all...

Thermal coal prices will remain below current spot prices until at least 2021, according to Macquarie, and could face a wave of brutal competition from natural gas that threatens to depress prices even further. According to a recent Macquarie report on the global LNG market, the world faces a...