Coal prices have risen 30 per cent from their low in March. However, for the second half of 2009, there are still risks of tight coal supply. In China, many domestic producers have arbitraged the low offshore prices with higher onshore prices, which has made demand look stronger than it was. So, correction is expected in the new two months. However, strong demand for thermal coal in China and India is expected to help Asia avoid the first fall in imports for a decade this year, and push import growth even higher in 2010.
American Electric Power Co Inc. has planned to restart the 528-megawatt Unit 1 at the Welsh coal-fired power station in Texas on May 7-11. For full story, click here
American Electric Power Co Inc. planned to shut the 690-megawatt Oklaunion coal-fired power station in Texas from May 4-7 for steam turbine and generator repairs. For full story, click here
Global mining major Anglo American Plc today said it is keen on roping in local players to forge joint ventures in India’s mining sector, where the UK-based firm intends to be a long-term player.The company is interested in coal mining in the country. For full story, click here
American Coal Co. accuses the Mine Safety and Health Administration of abusive monitoring and issuing citations according to quotas. For full story, click here
Monday, September 21, 2009