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Datang Int'l Power 2019 net profit down 13.7%

2020-03-31 15:05:28 Company,  Cost & Profit

Datang International Power Generation Co., Ltd, a listed arm of China Datang Group, saw a slower year-on-year reduction of net profit...

Menar to suspend coal production in line with Govt.'s COVID-19 shutdown directive

2020-03-31 09:00:10 General,  Company,  Production & Sales,  International

Privately-held coal producer Menar Holdings said it had suspended its mines in line with the South African government's declaration o...

S.Korean steelmakers' overseas plants shut down due to COVID-19 spread

2020-03-30 16:31:14 Company,  International

The new coronavirus outbreak is now taking its toll on Korean steel manufacturers. Overseas factories of Korean companies such as POS...

Anglo American expects hit to iron ore, coal in South Africa lockdown

2020-03-27 17:28:47 Company,  International

Anglo American said on March 27 it expected a 2 million to 3 million tonnes fall in production at its Kumba Iron Ore unit in South Af...

India's SAIL scales back production, has orders cancelled under lockdown

2020-03-27 14:50:35 Company,  International

Steel Authority Of India Ltd said on March 26 it had scaled back its manufacturing operations with the country under a 21-day lockdow...

China's State Grid 2019 profit hits 6-year low

2020-03-27 14:06:38 Company,  Cost & Profit

State Grid Corp. of China said its profit totaled 77 billion yuan in 2019, down 1.26% from a year ago, hitting a new low since 2014, ...

Australia's TerraCom closes UK-based Universal Coal acquisition

2020-03-27 10:35:19 Company,  International

Australian coal miner TerraCom Ltd said on March 27 it had completed its unsolicited offer to acquire UK-based Universal Coal PLC for...

Glencore closes some operations in four countries over coronavirus curbs

2020-03-27 09:01:08 Company

Glencore PLC on March 26 halted a number of smaller mines due to government restrictions to curb the spread of the coronavirus but ad...

China National Offshore Oil 2019 gross revenue tops 750 bln yuan

2020-03-27 08:49:59 Company,  Production & Sales,  Cost & Profit

China National Offshore Oil Corp said its gross revenue reached 750.9 billion yuan ($106.1 billion) last year, with total oil and gas...

South Africa's Eskom says coal stocks healthy ahead of lockdown

2020-03-26 09:17:30 Company,  International

South African power utility Eskom said on March 25 that coal stocks at its power stations were healthy, with at least 20 days of supp...

CGN New Energy Feb solar power generation soars 51% YoY

2020-03-25 15:31:18 Company,  Wind,  Solar

CGN New Energy Holding Co., Ltd. generated 86.5 GWh of solar power in February, surging 51% compared with the year-ago month, accordi...

Shanxi Coking Coal Group Feb term contract fulfillment rate creates record 112%

2020-03-25 15:17:54 Company,  Production & Sales

Shanxi Coking Coal Group, top state-owned coking coal miner in China, saw its coking coal term contract fulfillment rate amount to a ...

Vale now suspending Malaysia port

2020-03-25 13:28:49 General,  Company,  International

Vale says it has now decided to temporarily halt its Malaysia distribution centre, starting March 24, as it was "unable to secure the...

Russian tycoon buys 49% of Elga coal project, talks to Mechel on 51%

2020-03-25 08:31:27 General,  Company,  International

Russian businessman Albert Avdolyan has reached an agreement to buy a 49% stake in the major Elga coal project in Russia from Russian...

Inner Mongolia Yitai 2019 net profit down 4.63%

2020-03-24 17:28:16 Company,  Cost & Profit

Inner Mongolia Yitai Coal Co., Ltd., the largest coal producer in the region, posted a 4.63% year-on-year drop of net profit last yea...

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Editors Recommendations

1 China's Mar steel PMI recovers to 42.2 as coronavirus impact eases 2020-03-31

China's Purchasing Managers' Index (PMI) for steel sector recovered to 42.2 in March from 36.6 a month earlier, data from the CFLP Steel Logistics Professional Committee (CSLPC) showed on March 31,

2 China Coal Daily Track (Mar 31) 2020-03-31

Thermal coal Production area The pithead market didn't see much movement at the beginning of this week. Miners remained under downward pressures as demand from inland buyers had almost no improv

3 Futures slump hit China's spot thermal coal market 2020-03-31

China's spot thermal coal market fell again at the beginning of this week after a slump in the futures market. The Zhengzhou Commodity Exchange main contract 2009 decreased by 14.0 yuan/t

4 Chinese met coal pulls back despite steady Q2 term contract prices 2020-03-31

Chinese metallurgical coal market witnessed another round of quick fallbacks in a large variety of coal grades at the start of this week, although top coal miners have held the second-quarter term con

5 Indonesian Bayan's frozen operations stir different impact evaluations 2020-03-31

Indonesia's PT Bayan Resources said on March 27 that three subsidiaries in East Kalimantan have suspended mining operations effective March 25, in a quick response to Indonesian government's previous

6 China's manufacturing activity expanded in Mar, defying expectations of a contraction 2020-03-31

China on March 31 said the official Purchasing Manager's Index for March was 52.0, beating expectations for an economy hit by the coronavirus outbreak. Analysts polled by Reuters had expe

7 Weekly China thermal coal analysis and forecast 2020-03-31

China's spot thermal coal market saw another falling week at northern transfer ports with no improvements in demand. By comparison, supply kept growing with inventory creating a new high at ports.

8 Weekly China coking coal market analysis and forecast 2020-03-31

Coking coal market further softened at China's main production areas during the past week, as domestic supply improved while downstream sectors showed tepid demand alongside weak run. Aus

9 Mongolia reopens coal exports through Shivee Khuren on Mar 30 2020-03-30

Mongolian coal exports through Shivee Khuren border crossing have been reopened on March 30, following lift of border lockdown at Gasuunsukhait early last week, local authorities said on the same day.

10 China Coal Daily Track (Mar 30) 2020-03-30

Thermal coal Production area Coal sales were generally poor at northern production areas last week. Most deliveries last week were long-term contract cargoes, while spot trades remained tep

Most Read News Stories

1 Mongolia resumes coal exports from Gashuun Sukhait on Mar 23 2020-03-24

Mongolia officially resumed coal export business through Gashuun Sukhait to its largest market China on March 23, the country's Finance Minister Chimed Khurelbaatar said on the same day, following a s

2 China's steel product prices moderately rebound in mid-Mar, NBS 2020-03-25

China saw mild upward revisions for steel product prices in mid-March, official data showed, riding on multiple positive factors of improving market liquidity, firm iron ore prices and better macro-

3 Thailand Feb thermal coal imports hit an 18-mth high 2020-03-25

Thailand's thermal coal imports hit an 18-month high in February, with a significant increase from a year earlier, customs data showed. In February, Thailand's imports of thermal

4 China Feb power consumption down 10.1% on yr 2020-03-23

China's power consumption decreased 10.1% year on year to 439.8 TWh in February, showed data from the National Energy Administration (NEA) on March 20. For the residential segment, power

5 Inner Mongolia Jan-Feb raw coal output logs rare 14.1% drop 2020-03-27

Inner Mongolia, top coal production hub in China, logged a steep year-on-year decline of 14.1% in raw coal production in the first two months this year, according to official data, primarily affected

6 China's planned coal power capacity surged 46% in 2019 2020-03-27

China's planned coal-fired power capacity last year increased for the first time since Beijing imposed restrictions on new coal plant proposals and permits in 2016, a joint study by four international

7 China's State Grid 2019 profit hits 6-year low 2020-03-27

State Grid Corp. of China said its profit totaled 77 billion yuan in 2019, down 1.26% from a year ago, hitting a new low since 2014, the company said in a reported dated March 24. The cou

8 China's Chongqing govt to sell Chongqing Iron & Steel 2020-03-23

The State-owned Assets Supervision and Administration Commission for the Chinese city of Chongqing opened bids to sell its 100% stake in Chongqing Iron & Steel (Group) Co Ltd starting on March 23,

9 Coal India attains highest single-day production of 3.17 Mt 2020-03-23

Coal India Ltd's single-day production peaked to a new high of 3.17 million tonnes on March 20, a company official said on March 21. The figure surpassed the biggest single-day output of

10 Weekly global coal market news summary (Mar 23-Mar 27) 2020-03-27

Large offer-bid spread curbs Indonesian thermal coal trade in China The gap was still large between offers and bids of Indonesian thermal coal in the Chinese seaborne import market, as particip

Most Read Analysis & Comments

1 China's thermal coal market shows signs of improvement 2020-03-18

China's spot thermal coal market is on track to stabilize late this week with signs of improvement shown in demand at northern transfer ports on the second trading day. Traders reported t

2 China's import coal curbs seem yet to have substantive effect 2020-03-17

Market talk that China has intensified restrictions on import coal has been spreading recently, but the effect has been seldom talked about. Based on relevent sources, has summ

3 China's maritime quarantine adds blow to import thermal coal market 2020-03-19

Some Chinese customs tightened quarantine measures on all foreign vessels alongside spreading coronavirus across the world. This is expected to add additional blow to China's import thermal coal marke

4 China's steel exports fall nearly 30% in Jan-Feb, still under pressure in Mar 2020-03-19

Although China will raise export tax rebates on part of steel products from March 20, the current epidemic situation in Asian and European markets has severely curbed the demand for Chinese steel expo

5 Indonesian thermal coal stabilizes at 6-mth-plus low; trades increase 2020-03-20

Indonesian thermal coal prices stabilized at its six-month-plus low in Chinese seaborne import market, which was deemed by some participants as a sign of milder volatilities in the days ahead.

6 Australian coking coal traded higher in China; Mongolian coal loses steam 2020-03-20

Australian premium coking coal was traded moderately higher in Chinese import market, possibly linked with a dearth of cargoes on recent closure of three coal terminals amid adverse weather conditions

7 China's Feb coking coal imports tumble 45% on mth amid coronavirus ripple effect 2020-03-18

China's coking coal imports presented a month-on-month slump of 44.9% in February, mainly due to sharply decreased shipments from Mongolia as it shut down all export border crossings connecting China

8 China thermal coal price cuts do nothing to improve demand 2020-03-16

Chinese domestic thermal coal market saw prices further decline at northern transfer ports over the final trading day last week. That seemed helpless to boost buying interest but aggravated the bearis

9 Indonesian 3,800 Kcal coal steady after flagging to 6-mth low 2020-03-16

FOB price of Indonesian 3,800 Kcal/kg NAR thermal coal heading to China held steady for two sessions late last week after pulling back to a six-month low, showing no signs of improving in the near ter

10 Covid-19 impact on global coal supply may bolster Indonesian thermal coal 2020-03-26

Worldwide Covid-19 pandemic has brought several key production countries of coal into lockdown, threatening global supply of the fossil fuel. This may bolster Indonesian thermal coal prices by neutral

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