Weekly global coal market news summary (Aug 10-Aug 14)

sxcoal.com General,  Price 2020-08-14 15:57:47

IEA forecasts 2020 global coal demand to drop by 8%

The global coal demand may contract by 8% in 2020, showing the largest decline since World War II, according to the forecast of the I...

 

China lengthens import license issuance for Australian coal, sources

Chinese importers faced additional woe that China's commerce ministry has delayed the issuance of import licenses for coal as well as...

 

Glencore to shut down Australian coal mines amid COVID-19, China's import curbs

Mining giant Glencore decided to provisionally shut down several coal mines in Australia during September to October, 2020, owing to ...

 

Australian government approves Whitehaven Coal's mine expansion

The NSW state regulator gave the approval of a coal mine expansion project of Australian miner Whitehaven Coal. The project once was ...

 

Thermal coal price at Newcastle port up 1.36% during 1st week of Aug

According to globalCOAL, as of August 7, thermal coal price at Newcastle registered $51.42/t, increasing by 1.36% from $50.73/t a wee...

 

Mongolia Jan-Jul coal exports decline narrows

Mongolia exported 11.21 million tonnes of coal from January to July, falling down 46.4% from the same period a year ago, but the year...

 

Mongolian coal export target hard to achieve this yr

It may be hard for Mongolia to achieve coal export target of 42 million tonnes this year, considering low exports in the first half o...

 

Mongolian coal truck drivers allowed to stay overnight at Chinese border

Mongolian coal truck drivers will be allowed to stay overnight at Chinese border crossing of Ganqimaodu starting August 12, if they f...

 

India Jul coal imports slump 43% on yr

India's coal imports plunged 43.2% year on year to 11.13 million tonnes in July, showed preliminary statistics from mjunction platfor...

 

Coal India revises down its output goal for FY 2020-21

Coal India Ltd, an Indian state-owned coal mining and refining company, lowered its production target for FY 2020-21 (April 2020-Marc...

 

Vietnam's coal imports down for 2nd mth in Jul

Vietnam's coal imports fell in July for the second month in a row after peaked in May, showed the preliminary data from the Vietnam c...

 

Vietnam Jun coal production drops to 5-mth low

Vietnam's June coal production declined to a five-month low since January this year and marked the third monthly drop in a row, showe...

 

US 2020 coal output forecast to drop to 57-yr low, EIA

US coal production is expected to drop to a 57-year low of 502.2 million short tons in 2020, said the Energy Information Administrati...

 

S African miner Exxaro H1 revenue up 18% on yr

South African coal miner Exxaro Resources Ltd., said in its 2020 interim financial report on August 13 that its revenue increased 18%...

(Writing by Emma Yang  Editing by Harry Huo)
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