A continued strong seaborne market for US coal boosted railroad CSX's third-quarter export coal tonnage by 60% year over year, while domestic shipments fell 12% mostly on poor utility demand.
With coal imports declining, most major ports of the country are looking at coastal shipping and diversifying cargo to offset the impact on capacity utilisation.
According to the
Rio Tinto's thermal coal production slumped in the July-September quarter following the sale of its Coal & Allied business, the miner said Tuesday, while lowering its output guidance for th
Stifled by the growing crunch in coal supplies, Captive Power Plants (CPPs) in Odisha are now being forced to operate at depleted capacities and are even looking at imports to overcome the deficit.
China's state planner encouraged utilities to sign long-term purchase contracts with coal producers for next year as early as they can to secure enough supplies for this winter as coal power pl