Coal








Asia

Europe

Mining

Russia attacks strategic city of Pokrovsk aiming to cut off supply lines, Kyiv military states

Russian forces continue to launch attacks near the Ukrainian city of Pokrovsk in an effort to bypass it from the south and cut off supply paths to Ukraine's troops, the Ukrainian military said on Saturday. The capture of the roadway and rail hub in the eastern Donetsk region might develop serious troubles for the Ukrainian army on the eastern front and also permit Russia to reinforce and advance its cutting edge to the west. The Pokrovsk direction stays the most popular and there the Russians attacked 34 times (in the past 24 hours) and attempted to break through our defences...

Fossil Fuels

Chile files 4 ecological charges versus Anglo American mine

Chile's environmental regulator has actually submitted four charges versus the major Los Bronces copper mine, managed by Anglo American, for noncompliance with ecological permits, the agency said on Monday. The charges might carry a fine of almost 17 billion pesos ($ 17.17 million), according to the Superintendency of the Environment, or SMA. Los Bronces is among Chile's biggest copper mines with output of 255,000 metric lots in 2015, as well as a key project for Anglo American, which has been a takeover target of larger rival BHP. Anglo American did not instantly react to a request for remark. One charge...

Power Markets

Surge damages canal feeding Kosovo's primary power plants

A surge on Friday night harmed a canal in northern Kosovo providing water to 2 coalfired power plants that create nearly all of the country's electrical energy, authorities said, blaming what they called a terrorist act. There were no instant reports of injuries and the cause of the blast was unclear. Kosovo Interior Minister Xhelal Svecla told local media from the scene that the explosion, which took place before 7 p.m. ( 1800 GMT), was a terrorist act and that part of the canal was damaged. Previously on Friday, Kosovo cops announced increased security measures after two current attacks where...

Mining

Tech surge moves STOXX 600 to near one-week high

Europe's STOXX 600 ended the week on a high note, reinforced by a rally in tech stocks, while investors analysed the euro zone inflation report to examine the likelihood of a larger rates of interest cut in December. The pan-European primary stock index reversed earlier losses and was up 0.6% at 510.25 points on Friday, logging its first month-to-month gain considering that August. It increased 1% in November. On a. weekly basis, it logged a modest 0.2% decrease. Innovation stocks were the greatest increase to the. index, gaining 1.6%. Trading volumes were expected to be low, with the U.S. equity...

Coal

Germany's green hydrogen ramp-up reliant on public money, E.ON states

The development of a green hydrogen market in Germany still depends to a large degree on public spending, utility E.ON stated on Friday. The share of projects under building and construction or equipped with final investment choices has increased to 9% from 3% of the 2030 target of 11.3 gigawatts (GW) of electrolysis capability, E.ON stated. However the only factor speeding the process was support pledged under government plans, it stated in outcomes of research study it performed with the EWI energy research study institute. WHY DOES IT MATTER? Germany wants to build up electrolysis capability to produce its own...

Coal

FTSE indexes stabilise after sell-off on Trump tariff threats

The UK's FTSE 100 index edged higher on Wednesday as investors evaluated the fallout of U.S. Presidentelect Donald Trump's tariff dangers, while reducing federal government bond yields supported interest ratesensitive real estate and property stocks. The blue-chip FTSE 100 and the midcap FTSE 250 both increased 0.2%, stabilising after the prior day's. sell-off on Trump's threat of large tariffs on a few of its secret. trading partners. Housebuilders and real estate. stocks climbed 0.9% and 1.5%, respectively, as UK government. bond yields was up to their least expensive considering that Finance Minister Rachel. Reeves announced her first budget on Oct....

Coal

Polish energy PGE posts lower Q3 net profit dragged by coal sector

Poland's biggest utility PGE reported a near 24% yearonyear fall in its thirdquarter net profit on Tuesday, in the middle of ongoing weakness in its coalbased traditional power generation section. WHY IT is very important PGE, in addition to other Polish utilities, is under pressure from falling profitability in its coal-fired power generation segment, having to manage the expense of carbon emission rights and the growing share of electrical power output being taken by renewables. The Polish federal government is working on a plan to spin off coal-fired power plants from energies to increase the concentrate on green energy, as...

Coal

Polish miner JSW's bottom line narrows in 3rd quarter

Polish coal miner JSW stated on Tuesday its bottom line narrowed by almost 74% in the third quarter, in line with estimates, supported by the positive impact of deferred income tax. WHY IT'S IMPORTANT JSW is a considerable producer of coke used in steel production in the European Union. Coking coal has actually been consisted of in the EU's Crucial Raw Products list, due to its significance in climate transition procedures. In addition, from next year, the miner will end up being the last active producer of the hard kind of coking coal in the bloc, the company stated. BY...

Fossil Fuels

Anglo sells more Amplats shares ahead of spinoff of platinum unit

Anglo American said on Tuesday it will offer more shares in its South African platinum system, as it accelerates strategies to spin it off. Anglo offered 16 million shares for sale in Anglo American Platinum (Amplats), worth about $535 million, according to a bookrunner. An earlier sale of its 5.3% stake in the platinum system netted about $400 million. The placing will raise money for Anglo American, the moms and dad business of Amplats, as it presses forward with a larger reorganizing strategy that is aimed at focusing its operations on copper and iron ore mining and increasing value. Anglo...

Mineral Resources

Biden officials make desperate push for Greenland mining investment

The outgoing administration of U.S. President Joe Biden is making a lastditch push for mining business and others to buy Greenland, a relocation focused on sealing its vital minerals diplomacy and enhancing Western supply of materials for the energy transition. Before President-elect Donald Trump takes workplace in January, Biden and his staff have been taking multiple steps to fortify their legacy, including increasing help to Ukraine and hurrying to approve U.S. mine permitting and financial rewards. Jose Fernandez, the State Department's under secretary for economic development, energy and the environment, spent four days in Nuuk last week to meet with...

Coal

Europe needs more resources to tackle environment change, Greek PM says

Europe is a global leader in the green shift however also needs to ensure there are more resources to tackle the impact of unmatched environment shocks, Greek Prime Minister Kyriakos Mitsotakis stated on Wednesday. The world's biggest economies have actually pledged to transition to net-zero carbon emissions energy systems by 2050. We can not focus a lot on 2050 that we forget 2024, Mitsotakis informed the United Nations COP29 climate top in Baku. We require more resources to prepare to respond in time, in order to conserve lives and livelihoods and to assist people and communities restore after catastrophe. With...

Coal

Botswana's brand-new president intends to finalise De Beers diamond sales pact soon

Botswana's new president Duma Boko stated on Friday he wanted to conclude talks for a new sales pact with worldwide diamonds mining giant De Beers as quickly as possible. The relationship with De Beers might have been harmed by the way the settlements were dealt with, President Boko stated in a. telecasted declaration from Gaborone, Botswana's capital. The. initially thing that needs to be done is to engage the other party. De Beers, a system of Anglo American, in 2015 concurred. a new diamond sales pact, which will see the government's share. of diamonds from the Debswana joint venture gradually...

Western Europe

Mining

Sexual harassment claims are an enduring headache for BHP, Rio: Russell

The sexual harassment lawsuits submitted in Australia against international mining giants BHP Group and Rio Tinto are more than just another potential public relations disaster and possible hit to the bottom line. The accusations go to the very future of two of the world's. biggest miners, who aim to put themselves at the heart of the. energy transition by producing the metals needed to decarbonise. the world economy. The short-term damage of the class action suits may be. included by deft public relations management, a desire to. settle genuine claims kindly and a management figured out to. mark out future...

Energy Markets

Germany's election in surveys, celebrations and policy debates

Germany is expected to hold a. snap election on Feb. 23 after the collapse of Chancellor Olaf. Scholz's union last month. Here are the primary parties competing, their poll standings,. and the crucial policy concerns: PARTIES Germany has two, centrist big camping tent celebrations: Scholz's. centre-left Social Democrats (SPD) and the opposition. conservatives, an alliance of the Christian Democrats (CDU) and. their Bavarian sister celebration the Christian Social Union (CSU). Recently however, they have both lost assistance,. with smaller sized parties like the environmental Greens and reactionary. Alternative for Germany (AfD) picking up speed. The SPD, conservatives, Greens and AfD...

Mineral Resources

Chile regulator charges Anglo American mine over environmental violations

Chile's ecological regulator has submitted 3 charges versus miner Anglo American's. regional unit over alleged infractions at its El Soldado copper mine. in the Valparaiso area. The Superintendency of the Environment (SMA) labeled the. charges as major, the second of three levels of offenses,. and stated Anglo American Sur, the local arm of Anglo American,. dealt with the possible cancellation of its ecological. permit, closure or a fine of more than 12 billion pesos ($ 12.40. million) if it did not attend to the problems. Anglo American informed Reuters that it has actually been dealing with. problems connected to SMA's...

East Asia

North Asia

Mining

Ukraine steel output dives, but possible coking coal loss clouds outlook

Ukraine has increased its steel production up until now in 2024 by 23.1% to 7 million metric tons, information from the country's steel manufacturers union revealed on Monday, however the possible loss of an essential coking coal mine makes the outlook unsure. Steel production has suffered since Russia's invasion of Ukraine on Feb. 24, 2022, and the destruction of leading steel plants in fighting since then. The nation was a significant steel producer and exporter before the war started. Ukraine's rolled steel output increased by 18% to 5.7 million lots in the January to November period, while pig iron production...

Crude Oil

Russia's crude oil and LNG shipments to Asia slip a little in 2024: Russell

Asia's imports of Russian petroleum and melted natural gas are set to log little decreases this year and while coal had a larger drop, there's little evidence that Western sanctions are working well. Russia has actually come to depend on Asia, the world's biggest buyer of energy commodities, to soak up cargoes that are no longer able to be offered to buyers in Europe and elsewhere as an outcome of sanctions positioned against Moscow in the wake of the February 2022 invasion of Ukraine. China and India emerged as major purchasers of Russian crude, coal and LNG after the intrusion,...

Power Markets

China's August coal imports increase 3% as heat waves stimulate power need

China's coal imports rose 3% in August as utilities continued to stock up in the middle of recordbreaking heat, but rising eco-friendly power generation appears to be gradually dampening the rate of import gains. August shipments stood at 45.84 million metric lots, information from the General Administration of Customs showed on Tuesday. Nevertheless, that was below July's 46.21 million heaps, a. seven-month high. July was China's hottest month because records started, and. heat waves continued to sweep across the country in August. That. resulted in soaring power demand as households and company turned on. their air conditioners. However China's thermal...

Mining

China, India ease imports of thermal coal, however North Asia gains: Russell

Asia's. imports of seaborne thermal coal are expected to be largely. consistent in June, however are revealing some divergence between strength. in North Asian purchasers of higherquality fuel and softness in. lowergrade coal sought by China and India. Asia, the top-importing area of the power-generation fuel,. is on track to see arrivals of 76.39 million metric loads in. June, according to data assembled by commodity analysts Kpler. This is down slightly from May's 78.67 million loads, however up. from 74.81 million in June last year. Much of the little drop in June imports can be credited. China, the world's biggest...

Environment

EUROPE GAS-Prices edge lower amidst strong supply and warm temperatures

LONDON, May 30 - Dutch and British gas rates edged lower on Thursday morning as a relieving in maintenance caused increased flows from Norway and warm temperatures suppressed demand. The benchmark front-month contract at the Dutch TTF hub inched down by 0.18 euro to 33.70 euros per megawatt hour (MWh) by 0801 GMT, while the July agreement slipped 0.23 euro to 33.90 euros/MWh, according to LSEG information. In the British market, the day-ahead agreement was down 1.25 pence at 81.00 pence per therm. Temperatures increase over the weekend and remain above ( seasonal) normal up until a minimum of completion...

Energy Markets

China coal market group states output at accident-hit mining centers back to normal

Coal mining output at accidenthit mining districts of Shaanxi and Inner Mongolia in China's north have gone back to normal, a major coal market group said on Wednesday. A recent spike in coal mine mishaps had actually pressed authorities to purchase safety evaluations at major mining centers consisting of Shaanxi and Inner Mongolia, slowing down production. Output at Shaanxi, China's top producing province, has remained stable, but not gone back to the levels seen before the evaluations started, stated Han Lei, General Supervisor at the research department of China Coal Transport and Distribution Association. The domestic market is still oversupplied,...

Coal

Russia's coal exports to China fall in Jan, Feb as sanctions, tariffs weigh

Russia's coal deliveries to China fell by almost a quarter on the year in January and February as sanctions and traderelated responsibilities weighed, customizeds data revealed on Wednesday. Most of Russia's lost market share was replaced by higher shipments from Australia and Mongolia, with China's total coal imports expected to be largely flat in 2024. China's coal deliveries from Russia dropped 22% to 11.49 million tons during the first two months of 2024, its General Administration of Customs stated. That remained in line with estimates by a Chinese market association last week that U.S. sanctions enforced in February targeting top...

Coal

China April coal imports rise on lower domestic output, summertime restocks

China's coal imports rose in April, customizeds data showed on Thursday, sustained by lower domestic production and greater buying by power generators to swell stockpiles ahead of the peak summer demand season. Shipments of coal into the world's biggest customer of the fuel were 45.25 million metric lots last month, up 11% from 40.68 million a year previously, the data from the General Administration of Customizeds showed. That was up by 9.4% from March and 2 million loads less than December's record of 47.3 million heaps. The boost in imports is partly since domestic coal production has actually not increased...

Energy Markets

Russian billionaire's Power Devices wins claim versus PetroVietnam

Russian power devices producer Power Machines, owned by billionaire Alexey Mordashov, has won a claim versus Vietnam's state oil company PetroVietnam, a spokesperson for Mordashov stated on Monday, without divulging details. Russia's RBC daily, citing an unnamed source, said an award of around $500 million to Power Machines was being gone over. Power Machines' lawsuit, submitted in Singapore, looked for to reclaim funds invested for constructing a power plant in Vietnam, a job that was halted in 2018 after Power Devices was positioned under U.S. sanctions. The Russian group won the case in November last year, the representative said. Power...