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Source: REUTERS, August 16, 2019

Whitehaven Coal posts record profit, fla...

Whitehaven Coal Ltd on Thursday reported a record full-year 2019 underlying profit and a bumper dividend that beat expectations, although analysts said an oversupply of thermal coal could cause headwinds to future profits.



Australia&rsqu... Continue reading

coal supplier, coal trader, coal seller
news
Source: S&P Global, August 16, 2019

National Australia Bank forecasts modest...

National Australia Bank is forecasting steady growth in thermal coal prices though to July-September next year after a retreat in the current quarter, but prices are not expected to return to the levels seen earlier in 2019, National Australia Ban... Continue reading

coal supplier, coal trader, coal seller
news
Source: CNN IBN Media Group, August 16, 2019

China increases Russian coal imports

China's first-half receipts of Russian thermal coal rose by 15pc from a year earlier to 9.4mn t, Chinese customs data show, with imports of bituminous coal registering the most significant growth. Russian suppliers benefited from restrictions... Continue reading

coal supplier, coal trader, coal seller
news
Source: Bloomberg, August 16, 2019

Coal’s Last Healthy Market Fades as Trad...

One of the few remaining bulwarks propping up the U.S. coal industry is languishing.



Prices for steelmaking coal, which has sustained miners as exports decline and power plants forsake the fuel, are down 22% since May as concerns about t... Continue reading

coal supplier, coal trader, coal seller
news
Source: REUTERS, August 16, 2019

Kansai Electric, Marubeni delay construc...

Kansai Electric Power and Marubeni have delayed construction of a 1,300 megawatt coal-fired power plant in northern Japan clouding the station’s future, amid a shift away from the most polluting fossil fuel.



The companies had initi... Continue reading

coal supplier, coal trader, coal seller
news
Source: Montel, August 16, 2019

UBS trims coal outlook as US-China trade...

The Swiss bank now sees the Newcastle coal price averaging USD 77/t over 2019, down from USD 80/t previously, and falling to USD 70/t next year, down from USD 75/t previously. 



The bank’s previous forecasts were predicated on... Continue reading

coal supplier, coal trader, coal seller