China will accelerate the utilization of renewable energy during the 14th Five-Year plan over 2021-2025, and by 2025 over half of the country’s installed electricity generating capacity will be fuelled by renewable energy, officials from China’s National Energy Administration (NEA) announced at a press conference in Beijing on March 30. By 2025, renewable energy will […]
Indonesia is the world’s largest thermal coal exporter, exporting around 400 million tonnes in 2020. This represents a fall from the record level of 2019, reflecting difficult conditions since the outbreak of the COVID-19 pandemic. While Indonesia’s coal reserves are substantial, many are subject to high costs, which left them uneconomic during the period of […]
In April 2021, Kolmar plans to launch Denisovskaya Eastern coal mine in Yakutia with an annual extraction of 4 mio t. The facility is expected to reach its design capacity until 2023. Denisovskaya Eastern mine will be a part of Denisovskiy mining and processing enterprise and will produce 8-10 thousand t of coal daily. Kolmar […]
Last week, thermal coal indices in Europe rallied to over 73 USD/t. Surge in Brent crude oil prices to 63.6 USD/barrel (+0.9 USD/barrel to Mar. 01, 2021), after one of the world’s largest container ships ran aground and blocked the Suez Canal, had a positive impact on coal quotes. Rise in TTF gas indices to […]
The head of Russian oil giant Rosneft and the Executive secretary of the Commission for Strategic Development of the Fuel and Energy Sector and Environmental Security Igor Sechin criticized local authorities and infrastructure companies for dormancy regarding the expansion of limited capacities of Trans-Siberian Railway (TSR) and Baikal-Amur Mainline (BAM). On March 16, 2021 one […]
Global coal demand surpassed pre-Covid levels in late 2020, underlining the world’s emissions challenge. Global coal consumption fell 4% in 2020, its steepest drop since World War II, but the decline was concentrated mostly in the early months of the year. By the end of 2020, demand had surged above pre-Covid levels, driven by Asia […]
As the tumble in prices of metallurgical coke in China begins to weigh heavily on raw materials prices there, across the border in Mongolia, coking coal has been among the few products where prices are rising, supported by the disruption to Sino-Mongolian coal trading since mid-March. As of March 24, Mysteel’s price assessment of processed […]
Over the past week, European coal indices edged higher above 71 USD/t. Low temperatures in some EU countries and an uptrend in natural gas prices, which strengthened to 18.5 EUR/MWh (+0.4 EUR/MWh or +2% to Mar 10,2021), had a positive impact on coal quotes. Amid a cold snap in early March, some European energy companies […]
In Jan-Feb 2021 Ukraine’s coal imports surged to 3.4 mio t (+0.3 mio t or +10% y-o-y). Ukraine received 2.1 mio t or 62% of its coal imports from Russia, 0.8 mio t or 25% from the US, 0.3 mio t or 10% from Kazakhstan, while other countries supplied the remaining 0.2 mio t or […]