Weekly global coal market news summary (May 10-May 14)

sxcoal.com General 2021-05-14 15:09:08

Indonesia says no new coal-fired power plants from 2023

Indonesia decided to stop building new coal-fired power plants after 2023 to meet its carbon-neutral target, but also noted over 100 ...

 

Indonesia PLN aims to realize carbon neutrality by 2050

Indonesia's state-owned power generator, PLN, recently announced that it aims to achieve carbon neutrality by 2050, planning to gradu...

 

Indonesia's Bayan Resources Q1 coal output up 23% on yr

Indonesian coal miner Bayan Resources said its coal output rose 23% on the year to 9 million tonnes in the first three months this ye...

 

Mongolia to start construction of Tavan Tolgoi coal preparation plant in Q3

Construction of the Tavan Tolgoi coal preparation plant will be launched within the third quarter this year, Mongolian media reported...

 

Mongolian coking coal still competitive in Chinese market

Mongolian coking coal still enjoyed a competitive edge in the Chinese market, either compared with Chinese domestic and non-Australia...

 

Anglo American's Moranbah North mine to restart in May

Anglo American has begun the re-entry of its Moranbah North coking coal mine in Queensland of Australia in May, following approval fr...

 

Australia Gladstone's coal exports at 7-mth low in Apr

Coal exports of Gladstone port fell to a seven-month low in April, with shipments to Chinese mainland staying zero, showed data from ...

 

Australia losing Chinese coal market, benefiting the U.S.

Australian miners are still seeking opportunity to ship coal to its previous top buyer China, although the possibility becomes more r...

 

2021 global seaborne coal trade to increase 5% YoY

The global seaborne coal trade is estimated to pick up nearly 5% in 2021 compared to 2020, reaching 1.21 billion tonnes, the Italian ...

 

U.S. 2021 coal output forecast to increase 8% on yr, EIA

Coal production of the U.S. is expected to reach 582 million short tons (about 528 million tonnes) in 2021, an increase of 8% or 43 m...

 

U.S. coal output down 0.46% MoM, up 34.02% YoY in 1st week of May

The US's coal output was estimated at 11.29 million short tons (10.24 million tonnes) over the first week of May ending on May 8, tic...

 

Coal India to continue import coal substitution drive in current FY

Coal India Ltd. stated lately it will continue to supply power plants with import substitution to in the current fiscal year, local m...

 

Indian state-run ports' coal imports down 11% on mth in Apr

India's coal imports from 12 state-run ports stood at 13.25 million tonnes in April, rising 9.25% from 12.12 million tonnes a year ag...

 

India's largest steelmaker cuts production amid oxygen shortage

Oxygen shortages and shrinking industrial demand during the second wave of COVID-19 in India have forced the country's largest steelm...

 

S Korea's Apr coal imports tumble 18.08% MoM

South Korean coal imports dropped 1.23 million tonnes or 11.60% year on year to 9.40 million tonnes in April, 2.08 million tonnes or ...

 

Japan's Mizuho to end coal mining financing from Jun

Mizuho Financial Group Inc said it would stop financing new thermal coal mining projects from June 1 due to pressure from global inve...

 

Vietnam to boost coal imports in coming yrs

Vietnam is expected to more than double its seaborne coal import by 2030 in order to meet increasing power demand and curtail domesti...

 

Vietnam Apr coal imports down 36.87% YoY

Coal imports in Vietnam came in at 3.94 million tonnes in April, down 36.87% from the year-ago level of 6.25 million tonnes, and slig...

 

S Africa Mar mining products output rises 21.3% on yr

Production of mining products, except coal and diamond, registered a 21.3% year-on-year increase in South Africa in March, showed d...

 

Greece to phase out coal power 3 yrs ahead of plan

Public Power Corporation (PPC), a state-owned power company in Greece, announced that it would shut down the last coal-fired power ...

 

Italy's Enel to eliminate coal power 3 yrs ahead of schedule

Italian Enel, the largest power generator in Europe, stepped up its efforts to develop green energy and power grid businesses in the ...

(Writing by Emma Yang  Editing by Alex Guo)
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