Coal

The Trump administration further delayed on Thursday the planned closure of Units 3 and 4, at the Eddystone fossil fuel-fired power generation generating station in Pennsylvania, by ordering Constellation Energy Corp. to continue operations beyond the shutdown date. Energy Secretary Chris Wright issued an emergency order directing PJM interconnection, the largest power grid in 'North America to work with Constellation Energy in order to ensure 'the two units are operational and to minimize costs for American people, the?Energy Department said in a press release. Wright stated that "energy sources which perform at their peak are the most valuable." This is...

Anglo American announced on Monday that it would sell its steelmaking mines in Australia for up to 3,88 billion pounds to UK-based Dhilmar. The move is part of Anglo American's strategy to exit the sector and reduce debt, as well as streamline assets, ahead of a planned merger between Teck Resources, Canada, and Anglo American. Anglo, listed in London, is selling the mines located in Queensland's Bowen Basin - the world's leading steel-making coal region - as part of its plan of divesting -or spinning off - non-core assets before completing the merger between Teck Resources and Anglo that will...

This week, the U.S. will likely move closer to a managed trade system for non-sensitive products. Each side may identify $30 billion in goods that they can reduce tariffs on and sell to one another without violating national security redlines. U.S. -Trade Representative Jamieson Greer first proposed the "Board of Trade", a "deliverable agreement" for this week’s high-stakes'summit' between U.S.-President Donald Trump and Chinese-President Xi Jinping. The plan's contours are still sketchy but there is a clear shift in the dialogue: Washington no longer demands that Beijing change its export-driven and state-directed economic model into one more similar to the...

U.S. legislators criticized Energy secretary Chris Wright for ordering that aging coal plant remain open in hearings held on Wednesday and Thursday, saying: 'the action will raise the already high power bills for steelmakers and consumers. Wright's department ordered in December that two Indiana coal plants, which had planned to?close permanently?, remain open. They said this would reduce the risk of power outages and provide affordable electricity. CenterPoint Energy's and Northern Indiana Public Service Company's coal plants were to be replaced with natural gas or other sources of power. NIPSCO estimates that it will cost them $100 million to maintain...

Coal has been given an unlikely reprieve by the combination of U.S. support and the Iran War. Don't call this a comeback. In the first weeks of Tehran’s war against the U.S., and Israel, the global seaborne thermal prices of coal rose by over 25%. Prices rose to the highest level since late-2024, adding new momentum to a 'unexpected' rebound. This price rise reflects short-term market conditions, not a structural improvement in the?coal economy, as is evident by the fact that prices are only 15% higher than pre-war levels. These recent steps come after coal achieved several positive milestones in...

The 'Coal Ministry' said that India had enough coal to meet what was expected to be a 'unprecedented spike in demand over the summer months. This comes after the gas supply disruptions caused bythe U.S./Israeli war against Iran. In a statement, the Ministry of Energy said that the total coal supply in the country was 210 million tons. This would be enough to?fuel consumption for 88 days. South Asia still depends on coal to generate three-fourths?of its electricity, despite a record-breaking increase in renewable energy production. India is expected to increase its coal power use in order to meet summer...

Italy's Energy Minister?said Wednesday that the country could reactivate some coal-fired?power stations if conflict in?the Middle East leads to an energy shortage. Gilberto Pichetto Fratin, Minister of Energy and Environment in Italy, said that "there are coal-powered stations in Italy that I would not like to reactivate. But they're there in reserve for our country." Israeli and U.S. Forces?struck Iranian targets on Tuesday. This prompted Iranian strikes against energy infrastructure in other Gulf States considered U.S. Allies in a area that accounts for just under a third global oil production. Iran also targeted tankers in the Strait of Hormuz. Through...

S&P Global announced on Monday that it could downgrade PacifiCorp to junk status, as liability from class actions litigation over a number of Oregon wildfires in 2020 increases. The warning was issued after an?Oregon juror on February 25, awarded $305 Million to 16 plaintiffs or $19 Million per plaintiff. They blamed PacifiCorp of failing to shut down power lines during the Labor Day Weekend windstorm. In earlier trials, plaintiffs had received an average of $5 million. S&P stated that it may reduce PacifiCorp’s "BBB minus" credit rating - the lowest investment grade - by at least two notches if future...

Anglo American reported a $3.7billion loss on Friday, after another writedown of its diamonds business. The miner is pushing ahead with plans to shed its non-core assets as well as complete its merger with?Teck Resources. Anglo has wrapped up an uneven reporting season for London listed mining groups. This highlights the divergent fortunes of the industry as Antofagasta benefitted from rising copper prices, while other diversified peers suffered due to weaker markets in iron ore and diamonds. The company recorded a $2.3bn pre-tax impairment on its De Beers division, reducing carrying value from over $4bn to $2.3bn. Analysts' estimates of...

?Anglo American reported a $3.7billion loss?on Friday, after taking a?writedown?on its diamonds' business. The miner is pushing ahead with its plans to shed its non-core assets as well as complete its merger with Teck Resources. Anglo has wrapped up the mixed reporting season of London-listed mining companies, highlighting the divergent fortunes in this industry. Antofagasta, for example, benefited from rising copper prices, while other diversified groups struggled to cope with weaker markets for iron ore and diamonds. The company declared a $0.23 dividend per share or about $200 million. It booked a $2.3billion pre-tax impairment related to its De Beers...

In his latest effort to boost the coal sector, President Donald Trump ordered on Wednesday that the Defense Department purchase electricity from coal-fired?power?plants. The Pentagon is required to sign purchase agreements with coal-fired power stations for an undisclosed amount. This executive order was issued by the White House. The Energy Department announced $175 million in upgrades for six coal plants located in Kentucky, North Carolina?Ohio?, Virginia?and West Virginia. Utilities have been phase out coal-fired generators, which are major contributors to carbon emissions linked to climate change. Trump, who called climate change a "hoax", has promised to speed up energy infrastructure...

?U.S. Bloomberg News, citing an official at the White House, reported that President Donald Trump will direct the Pentagon to use government funding and Pentagon contracts to sustain U.S. coal-fired power stations. The report could not be verified immediately. The White House didn't immediately respond to a request for comment made outside regular business hours, and the Pentagon deferred any?comments to the White House. Bloomberg reported that Trump will issue an executive order on Wednesday directing Defense Sec.?Pete Hegseth?to enter into?agreements for the military to purchase electricity from coal plants. The report said that Trump will also announce a plan...

Danantara, the Indonesian sovereign fund, will honor existing export contracts while reviewing them to ensure prices are not below market rates. This was said by its chief executive on Thursday. The fund is preparing to "take control" of the top commodity shipments in the country. The fund's unit will be the sole exporter for palm oil, ferroalloys, and coal as soon as September, announced President Prabowo on Wednesday. His government is seeking to tighten control over the tax revenue and foreign exchange earned from commodities. Danantara CEO Rosan Roeslani stated that the sovereign wealth fund may negotiate prices that are...

Danantara, the Indonesian sovereign fund, will honor existing export contracts while reviewing them to ensure that prices do not fall below market levels. This was announced by its chief executive on Thursday. The fund is preparing to take over the top commodity shipments of the country. The fund's chief executive said that a unit will be the sole exporter of ferroalloys, coal, and palm oil as soon as September 1. This is because the government wants to tighten control over the tax revenue and foreign exchange earned from commodities. Danantara CEO Rosan Roeslani stated that the sovereign wealth fund may...

On Wednesday, Prabowo Subito, the president of Indonesia, told the parliament that Indonesia would set up a firm to handle exports of natural resource, including palm oil and coal. The President said that the policy is aimed at maximizing government revenue and strengthening monitoring, as well as combating under-invoicing. COMMENTS: EDDY MARTONO (the chairman of GAPKI, the Indonesian palm oil producers 'association) Not all exporters have processing industries. Many of these companies are also traders or trading firms that deal with relatively small volumes in certain countries. What will happen to these companies with the creation of this body?" Even...

Two sources with knowledge of the issue said that Indonesia is planning to create a 'body' that will oversee the exports of certain commodities. This move is intended to?combat under-invoicing?and increase state revenue. The market has been spooked by the news, as Jakarta's main index fell 3.5% on Tuesday. Sources said that all exports of coal and palm oil will be handled by the state agency. Other strategic commodities are expected to follow. Indonesia is the largest exporter of palm oil and thermal coal in the world. They declined to be named as they weren't authorised by the government to...

Customs data showed that China's exports grew faster in January and February, keeping it on track to surpass the $1.2 trillion record trade surplus by 2026. Imports of crude oil and?iron ore also increased in the first half of 2026, compared to a year ago. China combined import data from January and February in order to reduce the impact of the Lunar New Year, which was a week long holiday that fell in February. Table of preliminary data on commodity trade Here are some comments from analysts about the commodity data: PEI HAO is an analyst at?FREIGHT INVESTOR SERVICES in...

Local media reported that the Indonesian government would ask coal'miners with special contracts' to supply a greater portion of their production domestically, as they are expected to receive their 'full output quota request. Kontan, citing a senior energy ministry official, reported that the government wanted 75 million metric tonnes of coal supplied to the state utility Perusahaan Listrik Negara in early 2026 from holders of the first-generation 'contract of works' deals, and state-controlled 'coal miner's. A contract of works is a long-term agreement between the government and miners that has specific rules. This includes taxes. Tri Winarno, an official at...

According to a statement released on Wednesday, Indonesian President Prabowo met late Tuesday with 'five' of the country's leading businessmen, and asked them 'to work together' with the government 'to create jobs' in Southeast Asia's largest economy. The meeting came after a week-long turmoil on the Jakarta Stock Exchange, when index provider MSCI raised questions about transparency and ownership of shares. This led to a frantic sale that erased around $120 billion in market value. Five people were selected: Prajogo Pangastu, the founder of petrochemical comglomerate 'Barito Pacific Group', Anthoni Salim, of 'the Salim Group, a?of?the world’s largest instant noodles...

Energy and Mineral Resources Minister Bahlil lahadalia stated on Thursday that Indonesia could approve a coal production quota "more or less",?600 millions metric tons, in 2026. The nickel quota will be adjusted according to the needs of industry. The output quota will be lower than 790 million tonnes produced last year. However, the actual production of the world's largest thermal coal exporter is often higher than the quota. The government must approve all annual production plans, also known as RKABs, submitted by miners to the country's mineral-rich Indonesia. Bahlil stated that the reduction in quotas was to?support prices of Indonesian...

According to a letter from the Indonesian mining ministry, miners can produce 25 percent of the output they plan for '2026 in the first three months while the government processes the annual production quotas, according to a report by a local media outlet, Bisnis.com, on Monday. To determine?how much production they can produce each year, all miners in Indonesia, which is rich in minerals, are required to submit a RKAB (annual production plan) to the government. Indonesia has reduced the validity of RKABs to one year, starting in 2026. The government has also ordered that miners reapply for the quotas...

A finance ministry official announced?on Friday that Indonesia would issue investment instruments to earn from exporting natural resources. The goal is to ensure exporters follow the rules and keep the foreign currency earnings in the country. The 'new'regulation is intended to increase U.S. Dollar liquidity onshore and stabilize the rupiah rate. It will require that natural resource exporters retain all their foreign currency earnings starting January 1st in state banks for a minimum of a year, and restrict their use. Febrio Kacaribu is a senior official in the Finance Ministry. He told a news conference that new FX bonds will...

Purbaya Yudhi Sadewa, Indonesia's Finance Minister, said that the country plans to tax coal exports between 1% to 5% in 2019. This is part of a drive to increase revenue for the state. According to data from the mining ministry, Indonesia was a major thermal coal exporter in 2013, with shipments of 555 millions metric tons. This is two-thirds of the total 836 million tonnes of production. Purbaya did not provide any further details on the implementation. He had said that coal export taxes could generate 20 trillion rupiah ($1.2billion) in revenue next year. Gita Mahayarani, executive director of the...

The General Administration of Customs reported on Monday that coal imports from China, the largest buyer in the world, dropped 20% from their record high of the previous year. Imports in November, at 44.05 millions metric tons, were up by 6% compared to 41.74 tons in October. Imports in November of the previous year had reached 54.98 millions tons, a monthly record. The China Coal Transportation and Distribution Association's (CCTD) website reported in late November that although imported coal has a slight price advantage, this arbitrage has decreased as domestic coal prices have fallen. CCTD stated that due to supply...