Coal industry news and business reports.

Activist urges Glencore to spin off coal assets
Tue, 30 Nov 2021 00:00:00 GMT
(Sharecast News) - Activist investor Bluebell Capital Partners has called on Glencore to spin off its thermal coal business as part of a strategic and governance overhaul, according to reports.


Chinese steel futures range-bound on Omicron variant fears
Tue, 30 Nov 2021 00:00:00 GMT
Steel futures in China traded in a tight range on Monday, weighed by demand fears due to the new Omicron coronavirus variant, while coking coal and coke prices fell after a plunge in thermal coal futures. Affected by the new coronavirus variant, steel prices fell during night session out of panic, GF Futures wrote in a note, adding that impact on actual demand and supply of the industrial metal could be limited. Analysts with CITIC Futures also noted that commodity prices could be


Seven firms, including JSW Steel, submit bids for coal blocks
Tue, 30 Nov 2021 00:00:00 GMT
These coal mines were also offered in the first attempt launched on March 25 this year and had fetched single bids. A total of 7 companies have submitted their bids in the auction process, the coal ministry said in a statement.


Coal India to infuse Rs 19,650 crore to strengthen rail infra
Tue, 30 Nov 2021 00:00:00 GMT
The upcoming projects, some of which are already operational, would help CIL despatch increased volumes of coal through rail, above the existing capacity, from its greenfield and brownfield mining areas, Coal India (CIL) said in a statement.


Ukraine: Avdiivka Coke on fire again
Mon, 29 Nov 2021 10:48:40 GMT
The firemen have extinguished fire on the territory of Avdiivka Coke and Chemical Works. The fire broke out at night on November 26. The gas pipeline with the diameter of 1300, which transported gas from the coke shop to the capture shop, ignited. The fire did not affect the manufacturing process. On October 16,


Mechel sees stable coal, steel output; demand slump, tariffs ...
Mon, 22 Nov 2021 00:00:00 GMT
Strong prices and ongoing modernization of its mining fleet helped Russian mining and steel company Mechels coal division to complete the July-September quarter with results equal to the previous quarter, although steel sales declined, affected by a slump in end-user demand and temporary export tariffs. Aided by the mining equipment renovation representing Rb3.3


Coal mines auction: Government devises plans to seek interests ...
Mon, 22 Nov 2021 00:00:00 GMT
In order to generate private sector interest the coal ministry is planning to organise road shows in different parts of the country.


India: Jindal plans to start building Botswana coal mine in 2022
Fri, 19 Nov 2021 00:00:00 GMT
Despite the global shift from coal, Botswana is pushing ahead with developing its estimated 212 billion tonnes of coal resources. In April, it shortlisted Jindal, Minergy Ltd, African Energy Resources Ltd and Maatla Resources in a tender to build a 300 MW coal-fired power plant.


China iron ore, coking coal futures fall as supply fears ebb
Thu, 18 Nov 2021 00:00:00 GMT
China iron ore dropped for a fourth straight session and coking coal hit a four-month low on Wednesday on prospects of weaker demand and easing supply concerns for the steelmaking materials in the worlds biggest steel producer. The most-traded iron ore for January delivery on Chinas Dalian Commodity Exchange was down 0.2% at 543 yuan ($85.00) a tonne by 0330 GMT. On the Singapore Exchange, iron ores front-month December contract slipped 0.5% to $88.65 a tonne after a 1.2% gain in the


Chinas climate goals mean less ingredients for steel but higher ...
Mon, 15 Nov 2021 00:00:00 GMT
China, the worlds top steel producer, will see easing demand for steelmaking raw materials like iron ore and coking coal but with better quality to meet its climate commitment, government consultancy and industry associations said on Friday. Beijing has pledged to bring its carbon dioxide emissions to a peak before 2030 and to neutrality by 2060, setting a hard task for the ferrous sector which contributes about 15% to the countrys total greenhouse gas emissions. The climate goal will lead


3 reasons Indian steel buyers should pay attention to coal prices
Fri, 12 Nov 2021 00:00:00 GMT
China is in the midst of a well-documented coal shortage. Reduced output in the key mining region of Shanxi is being exacerbated by a de facto ban on imports from Australia. Consequently, Chinese coal buyers are scrambling to secure supplies ahead of the winter period. Prices for thermal and coking coal are skyrocketing as the effects of the supply crunch spill over into other countries. In India, the second largest steel producer in the world, the MEPS price assessment for domestic hot


Coal India Q2 results: Co posts consolidated PAT at Rs 2,936 ...
Fri, 12 Nov 2021 00:00:00 GMT
Coal Indias consolidated revenues from operations grew 10.1 per cent on-year to Rs. 23, 291.1 crore for the reported quarter, which was largely in line with Streets estimate.



Number of coal news reports: 12
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