All matters relating to production, supply, distribution and prices of coal. Development and operation of coal washeries other than those for which Department of Steel (ISPAT Vibhag) is responsible. Low Temperature carbonization of coal and production of synthetic oil from coal. Administration of the Coal Mines (Conservation and Development) Act, 1974 (28 of 1974). The Coal Mines Provident ...
· Major coal miners in China vow to boost output, cap thermal coal prices during winter and spring They have vowed to keep spot prices of thermal coal with an energy content of 5,500 kilocalories delivered to Bohai Bay in northern China below 1,800 yuan (282) per tonne, and prices for 5,000 kilocalorie and 4,500 kilocalorie coal at up to 1,500 yuan and 1,200 yuan, respectively.
· Local coal miners are seeking an upward review of the price of coal used for power production citing high operational costs arising from the wide .
· Just as soaring oil prices led to a surge in coal production and employment in the 1970s, a sudden and sustained drop in natural gas prices has had the opposite impact on coal over the last 10 years. During the global financial crisis (), commodities in general took a hit as global demand dried up. Natural gas was particularly hard hit, with prices plummeting from a peak of in ...
· Coal prices have nearly tripled in 2021, with analysts pointing to a confluence of factors. It's fueling an energy crisis in China and threatening the supply chains of companies like Apple and Tesla.
· After the Chinese government asked statebacked firms to ensure stable coal and power supply "regardless of costs," many coal producers have vowed to cap prices this winter, as reported by CNBC. This year's thermal coal prices saw a surge of 200 per cent due to a series of factors including flooding in coal mining regions, anticorruption probes and safety inspections.
· Since 2017, coal prices in Poland have been steadily increasing, reaching the highest price of zloty/metric ton in the second quarter of .
· The unexpected coalprice revival has sparked a recovery in the share prices of Australian coal mining companies which have been able to find markets to replace China. Whitehaven Coal .
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Coal, Metals and Mining. Coal Price Data and Indexes. Optimize trading and investment decisions with industryleading benchmark prices. IHS Markit coal price markers form a key component of the API indices, which serve as the settlement price in 90% of the world's coal derivative contracts. With its legacy of playing a key role in developing steam coal indexation, IHS Markit first ...
· With coal imports sliding, China has just one option left: crank up its domestic coalmining industry to 11. Commenting on the soaring prices, Bloomberg echoed Reuters' observations that the ability to source coal has been challenging due to stricter safety policies imposed by the government following a series of deadly mine accidents.
· Sources: Indonesian Coal Mining Association (APBI) Ministry of Energy and Mineral Resources. During the 2000s commodities boom the coal mining industry was very lucrative as coal prices were comfortably high. Hence, many Indonesian companies and wealthy families decided to acquire coal mining concessions on Sumatra or Kalimantan in the late ...
Thermal coal futures traded on the Zhengzhou Commodity Exchange at Rmb1,205 (188) on Thursday, down from a high of Rmb2,301 on October 19. Coal was trading at more than Rmb2,000 last month and the NDRC held meetings with producers in late October about "setting standards" to combat "excessive profits". "Datong Coal Mining Group and other provincial mines have all confirmed that the ...
· Transporting coal from mines to consumers requires trains, barges and trucks. All of these modes of transportation use diesel fuel, so changes in its price can have a significant effect on coal prices. With crosscountry shipments, the cost of transportation .
· China's thermal coal prices have surged over 200% this year to record highs as mining safety inspections, anticorruption probes and floods at major mining regions hurt supplies.
· Spot prices are even higher, with 5,500 kilocalorie coal in Qinhuangdao at about 1,900 yuan a ton now, China Coal Resource analyst Feng Dongbin told Citigroup analysts, according to a note dated Monday. Prices will probably peak at 2,000 yuan before falling back to 1,000 in the first quarter of 2022, he was quoted as saying.
· Miners were paid with "scrip"—paper credits that were redeemable at the companyowned store, where merchandise was sold at usurious prices. With the cost of living often exceeding the miner's weekly wage, the concept of "owing one's soul to the company store" represented considerably more than just a line in a popular Tennessee Ernie Ford song.
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· Coal, Metals and Mining. Coal Price Data and Indexes. Optimize trading and investment decisions with industryleading benchmark prices. IHS Markit coal price markers form a key component of the API indices, which serve as the settlement price in 90% of the world's coal derivative contracts. With its legacy of ...
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· Strong demand from Asian countries for met coal has helped to support higher global prices, encouraging producers to increase their investments in met coal mining. Coal mined in the Appalachia region is particularly suited for steel production, and with the region's proximity to coastal export facilities, the producers in this region are wellpositioned to boost their export production.
· Coal prices are not supposed to be rising as governments tighten environmental controls, but that's precisely what is happening at the premium end .
Coal prices in China have soared this year, ... including an acceleration in the construction of new mines and phased tax deferrals for coalfired power plants. ...
· Recently, Shanxi has encountered heavy rainfall. Due to flood control needs, many production projects in Shanxi have been closed. According to information from the Emergency Management Department of Shanxi Province, affected by the heavy rainfall, 54947 people were transferred from various parts of Shanxi during the flood, 60 coal mines, 372 noncoal mines, 14 .
· "Chinese domestic coking coal supply was also tightened in 2021 due to environmental campaigns and safety checks at mines imposed by local governments across various Chinese provinces," it says. "As a result of this tightness, China's domestic prices soared in recent month, and in recent weeks have been higher than imported prices, creating an arbitrage window."