Articles Tagged "China"

Australian Coal Prices Drop to Pre-2008 Levels

Reuters reported that Australian coal prices have fallen to levels before the 2008/2009 financial crisis, as coal demand in China suffers from slower economic growth and new environmental rules.

Coal-fired Plants to Close in Beijing to Reduce Emissions

Bloomberg reported that Beijing is planning to close the last of its major coal-fired power plants next year. The move comes as China continues to face pressure from abroad to reduce its carbon emissions.

Jonny Sultoon Wood Mackenzie Interview coal price coal market PDAC 2015

Jonny Sultoon Talks Coal Price and Coal Market Outlook at PDAC 2015

At PDAC, Resource Investing News spoke with Jonny Sultoon of Wood Mackenzie about some of the key factors driving the coal market. Overall, he sees "possible price floors being reached" in 2015, with met coal sitting around $114 to $116 per tonne and spot Newcastle thermal coal prices coming in at $62 to $64 per tonne.

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.