The rally in thermal coal is taking a bigger bite out of Glencore Plc’s profits after the world’s biggest exporter of the fuel locked in prices prior to the surge. The Swiss company reported a $395 million mark-to-market non-cash loss in the first half on hedges for future sales,...

SINGAPORE, Oct 17 (Reuters) – The liquefied natural gas (LNG) sector has watched with joy how thermal coal prices have soared this year, hoping that the unexpected spike would at last make LNG price competitive in Asia. Although much cleaner than coal in terms of pollution and carbon...

Despite the problem of plenty, India may continue to suffer from deficit in coal requirement due to delays in opening up of commercial mining to private sectors and slow approvals for new state miners, a leading research house has commented. According to a report by BMI Research, an arm of...

Glencore will hire more than 200 workers at its Collinsville coal mine in Australia after scaling back its payroll earlier this year, amid resurgent demand for coal in Asia, the company said on Tuesday. “We are now seeing increased demand from Southeast Asia for the specific type of coal...

A benchmark coking coal accord at the upper end of expectations appears to be getting established, as Peabody Energy has sold North Goonyella premium mid-vol at $200/mt FOB Australia under contract for the fourth quarter to Nippon Steel, according to a source close to the matter. The source...

Indonesia’s Ministry of Energy and Mineral Resources has set its October thermal coal reference price, also known as Harga Batubara Acuan or HBA, at $69.07/mt FOB, up 8% from September and the highest level in two years. October HBA also represents a 20% jump from a year ago. The HBA was last...

Despite a global shift toward more environmentally friendly energy sources, Indonesia’s coal consumption has increased significantly over recent years, partly triggered by a sharp drop in coal consumption in key coal markets, a British oil giant report has revealed. The BP Statistical...

China’s efforts to shrink its bloated coal industry may have worked too well, too fast. Prices have surged more than 50 percent this year after the government ordered miners to cut output to ease a glut and help lift the industry out of crisis. Now, as winter looms and fuel demand peaks,...

Coking coal’s supply-driven price rally will likely abate by mid-2017 as production issues and transport hurdles in Australia and China ease, Citi Research analysts said. “Short-term supply disruptions in China have been resolved and in Australia should be back to normal in the short...

TEMPO.CO, Jakarta - In June this year, BHP Billiton Indonesia made a surprising business decision by selling 75 percent of the shares of its subsidiary IndoMet Coal (IMC) to Adaro Energy for US$120 million (Rp1.56 trillion). The acquisition gives Adaro, which already owns 25 percent stake in IMC,...