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In January-September 2020 coal mining companies of Kuzbass (the Kemerovo region) reduced coal production to 163.2 mio t (-20.3 mio t or -11.1% compared to January-September 2019). Volumes of extracted coking coal decreased to 55.6 mio t (-0.8 mio t or -1.4% compared to January-September 2019), thermal coal – to 107.6 mio t (-19.58 mio […]
Arch Resources announced earlier today the acceleration of their exit from the thermal coal business. Its Powder River Basin operation mined 75 million tons in 2019 with planed output of 55 million tons in 2020. Then, cutting by another 50% over next 2 to 3 years as they “harvest cash.” The company added “we view […]
This has been the year from hell for coal-fired power and the coal industry. If current projections hold, coal generation in 2020 will be 21% lower than last year and 62% lower than the 2007 peak. The coal share of the generating mix, which for decades hovered around 50%, will finish the year at 20%, […]
(CAA Analytics) Last week, thermal coal indices in EU declined due to the projected increase in nuclear output of French state generating company EDF, speculations on a possible strike termination agreement between Sintracarbon and Cerrejon and a surge in wind generation. EDF, the world’s largest nuclear power plant operator, has revised up its forecast for […]
(CAA Analytics) In January-September 2020 Ukraine’s coal imports fell to 12.7 mio t (-2.2 mio t or -15% y-o-y). Lowering activity of local coal-fired power plants amid Covid-19 sapped energy demand and decreased imported volumes of material. In January-September 2020, Ukraine received 60% of its coal imports from Russia, 30% from the US, 7% from […]
Daqin rail line, the most significant coal dedicated line shipping coal from Shanxi to transfer port Qinhuangdao, shipped 35.13 million tonnes of coal in September, up 3.84% year on year, its operator Daqin Railway Co., Ltd. said in a statement released on October 10. Compared with August, the volume increased by 1.39% or 480,000 tonnes. […]
As a global company solving energy issues not only in Japan but also throughout the world, JERA Co., Inc. (“JERA”) considers global warming countermeasures to be one of its most important management issues. JERA established its current environmental goals in April 2019 and has been working to reduce CO2 emissions. Thermal power generation using fossil […]
On October 05, 2020 heirs of Dmitry Bosov, namely his mother and children from his first two marriages, challenged in court the transfer of half of his share (43.3% out of 86.6%) in Alltech Group to his widow Katerina Bosov. The rest of the Group’s shares belong to Dmitry Bosov (the remaining 43.3%, which should […]
Over the past week, thermal coal indices rallied to 58 USD/t. High natural gas prices, supply cuts of Colombian material in the export markets, as well as lower average daily temperatures and a projected reduction in wind generation in a number of EU countries supported coal quotes. TTF gas prices rose to the highest levels […]