Coal Market News Directory

China to Cap Coal Use in 2020

According to details released by China's State Council on Wednesday, the country's new energy strategy will see coal consumption capped at 4.2 billion tonnes in 2020, the New York Times reported. The strategy follows last week's announcement that China and the United States had signed a deal to cut emissions.

Indian Power Plants Rushing to Finalize Import Deals

Power companies in India are rushing to finalize import deals on the back of lower global coal prices, according to DNA India. Though low costs are making imports seem attractive, the rush has also been triggered by critically low coal supplies at many power plants in the country.

Suspicious Deaths Aboard Japanese Coal Carrier Attracting Scrutiny

Australian Mining reported that the Japanese coal Carrier Sage Sagittarius is under investigation by Australian authorities for concerns about its safety in Australian waters. The ship is already under investigation regarding the deaths of two workers.

India May Open Commercial Coal Mining to Foreign Companies

In a bid to tackle the India's coal supply shortage - which happens despite the country sitting on the world's fifth largest coal reserves - Prime Minister Narendra Modi is considering opening up commercial coal mining to foreign companies, according to Reuters. Companies like Rio Tinto (NYSE:RIO) would be allowed to operate in India if they set up units in the country.

US to Close Loophole That Helps Coal Export Profits

The US government is planning to tighten up rules surrounding coal exports since the discovery of a loophole that has allowed companies to boost profits, according to Reuters.

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