Coal Market News Directory

India Launches Coal Auction

Mining Weekly reported that India has launched its maiden auction of coal blocks in the middle of aggressive bidding by user industries.

Coal ETF Falling on Weak Coal Prices

ETF Trends reported that the Market Vectors-Coal ETF (NYSEARCA:KOL) has fallen on a weaker performance from the coal market. According to the publication, the fund holds 34.7 percent US coal producers and 10.9 percent Australian companies.

Russia’s New Coal Export Terminal Bad News for Australia

Australian Mining reported that Russia plans to start building a new coal export terminal to send more of the fuel to Asia Pacific nations. That's bad news for Australia, which is suffering as increasing coal supply from its competitors enters the market.