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SINGAPORE: Australian thermal coal prices have hit their highest level since late 2016 as the market heats up on strong demand across North Asia and China in particular.
No more new work as it contributes to climate crisis
SINGAPORE, Nov 28 (Reuters): China will buy US$1.467 billion worth of thermal coal from Indonesia next year, the Indonesian Coal Mining Association (APBI) said earlier this week.
LAUNCESTON, Australia: How much of the current surge in thermal coal prices in Asia is because of a fundamental shift in the supply-demand balance, and how much is down to speculative froth?
SINGAPORE: Singapore bank DBS Group said on Friday it would phase out financing for customers that derived revenue from thermal coal and had committed to zero exposure to the sector by 2039.
SINGAPORE: Australian thermal coal prices have broken through $120 per tonne for the first time since 2012, driven up by strong consumption in Asia and spot market buying by Japanese utilities to meet demand through the rest of 2018.
Group aims to grow market share in NZ, Australia
SINGAPORE: Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged with the end of winter and amid worries over the strength of the global economy.
NUSA DUA (Indonesia): Indonesia plans to control coal exports and is considering a tax on shipments from the world’s top thermal coal exporter, the mining minister said, comments that pushed shares in the country’s top coal miners down by more than 10%.