Coal – In a study set to be released today, the University of Oxford's Stranded Assets Programme looks at what China's changing demand for coal will mean for Australia's coal assets, a question that has been on the minds of many market participants of late.
Articles Tagged "Coal Market News"
Coal – Bloomberg reported that according to the International Energy Agency (IEA), global coal consumption will rise by 2.3 percent per year until 2018. Last year, the agency predicted that coal use would grow by 2.6 percent per year through to 2017.
Coal – Bloomberg reported that as coal exports from Australia to Colombia increase, a rally that has lifted prices for the fuel will come to an end. As a result, the coal surplus will increase by 20 percent, to 6 million metric tons, in 2014, according to Credit Suisse Group AG (NYSE:CS).
Coal – The Guardian reported that Milton Catelin, president of the World Coal Association, has responded to a speech made by Christiana Figueres at the International Coal & Climate Summit by saying that she is missing "some of the fundamentals about the energy sector."
Coal – Mineweb reported that attendees of the Coaltrans Mozambique conference were told that the country's major coal producers, such as Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) and Vale SA (NYSE:VALE), need to decrease their logistics costs in order to become profitable.
Coal – The Globe and Mail reported that Japan's coal use has increased as it "tries to lower the cost of replacing nuclear energy," with the result being that its 10 main utilities used almost 16 percent more coal in the first 10 months of 2013 than they did in the year-ago period. Further, they increased their imports of the fuel by 11 percent.
Coal – Reuters reported that to help its struggling coal sector and tackle its pollution problems, China plans to "raise its threshold for coal imports, tighten approvals for new coal mines and push industry consolidation."
Coal – Reuters reported that in June 2014, Mozambique plans to launch a round of bidding for coal mining in its Tete and Niassa provinces. As yet, the number of blocks on offer has not been revealed.
Coal – The Vancouver Sun reported that Calvin Quek, head of Greenpeace East Asia’s Sustainable Finance Program, believes that building terminals aimed at shipping more coal to East Asia — such as the planned Fraser Surrey Docks expansion — could be a waste of time and money due to new caps on coal usage in China.
Coal – Reuters reported that according to Glencore Xstrata plc (LSE:GLEN), thermal coal prices are likely to rise in the medium term, partially due to high electricity demand in Asia. The fact that the fuel is currently in oversupply due to "healthy exports from major producers" and "modest demand" will also contribute to a price rise.