Dan Murtaugh and David Stringer, Bloomberg News A miner stands alongside a roadheader excavation machine in the Osinnikovskaya coal mine, operated by Raspadskaya PJSC, in Osinniki, Russia, on Monday, Feb. 8, 2021. Russian steelmaker Evraz Plc is considering options for demerging its Raspadskaya coal business that s valued at about $1.5 billion. Photographer: Andrey Rudakov/Bloomberg , Bloomberg
(Bloomberg) Coal prices across Asia are surging to records, underscoring a challenge for governments seeking a faster energy transition: the dirtiest of fuels theyâre racing to phase out is enjoying booming demand.
Power plants are rushing to secure adequate electricity supplies as a hot summer adds to demand from the regionâs post-pandemic industrial revival. On top of that, output in some key producer nations has been hurt, while high natural gas costs mean thereâs no cheaper alternative for utilities to turn to.
Unrelenting coal demand poses challenge to climate goals mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Coronado (ASX:CRN) share price freeze on $100m refinancing news
Coronado (ASX:CRN) share price freeze on $100m refinancing news
The Coronado (ASX: CRN) share price is frozen today after the company released its equity offer seeking $100 million in refinancing funds.
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Coronado Global Resources Inc(ASX: CRN) share price remains frozen today after the company released its equity offer presentation to investors. The coal producer is seeking $100 million in refinancing funds.
Coronado shares have been paused at $60 cents since the company entered a trading halt on 29 April, after falling more than 33% the past month.
Based on the application, the steelmaking segment is expected to witness lucrative growth during the forecast period
Metallurgical Coal Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 87% of the market s overall growth is expected to originate from APAC. China, Indonesia, and Australia are the key markets for metallurgical coal in APAC.
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17 Feb, 2021 Author J. Holzman
Coal production at the top 25 mines in the Central Appalachian basin of the U.S. held steady during the fourth quarter of 2020 while output slumped for the full year, according to an analysis by S&P Global Market Intelligence.
The top 25 active mines in the region produced 6.28 million tons of coal during the last three months of 2020, an 8% increase from 5.8 million tons in the preceding quarter and nearly equal to the 6.27 million tons of coal mined in the prior-year period. The basin yielded 24 million tons of coal over all of 2020, a 14.3% drop from 28.1 million tons of coal mined during 2019.