Warrior Met Coal's second-quarter sales rose 65% as the Blue Creek mine started production, and the company raised its full-year outlook.
Because it continued production while major accident hazards existed, Zhenxiong County Xinyan Coal Industry Co., Ltd. in Yunnan was recently ordered by the Yunnan Bureau of the National Mine Safety Administration to suspend production for rectification.
After the third round of coke price cuts, coking plant losses may worsen further, curbing raw coal buying appetite. Coke and steel enterprises are generally maintaining low inventories and delaying purchases of high-priced coal.
India's income tax department conducted raids on businesses linked to Ratan Sharma in Arunachal Pradesh and Assam.
An accident occurred at the Listvyazhnaya coal mine in Kemerovo Oblast.
On August 7, the main coke contract rose over 3% intraday, currently quoted at 1,875 yuan/tonne.
Australia's Port of Brisbane exported 554,600 mt of coal in June, up 135,200 mt month-on-month, an increase of 32.25%.
Semirara Mining and Power Corporation reported consolidated net profit of 8.6 billion pesos (approximately RMB 957 million) for H1, compared with 8.4 billion pesos a year earlier.
On August 4, Nippon Steel announced a 32% upward revision to its current fiscal year net profit forecast to 290 billion yen (approximately 12.41 billion yuan), mainly due to the continued strength of the U.S. steel market boosting U.S. Steel's earnings.
A coal mine in Ningxia was fined 2 million yuan and ordered to suspend production for rectification after being reported for exceeding underground staffing quotas; the whistleblower received 300,000 yuan.
As El Niño strengthens, global coal markets face serious challenges from disrupted river transport and tighter supply.
Qinyuan County in Changzhi City is expected to resume production at one new coal mine on August 5.
Xinjiang produced a cumulative 259.535 million tonnes of raw coal in the first half of the year, and outbound Xinjiang coal covered 19 provincial-level regions nationwide.
Torrent Power plans to permanently close its 362 MW coal-fired AMGEN plant in December 2030 and has applied for new coal quota nearly twice its existing capacity.
A Ningxia coal mine was fined 2 million yuan and ordered to suspend production for exceeding staffing quotas, while the whistleblower received 300,000 yuan.
Kakanj coal mine workers again halted work because health insurance cards could not be verified; the union said a meeting was not held.
The US has issued a final countervailing duty determination on Egyptian rebar, with a rate of 23.27%.
Two departments: Promote coal power transformation into supporting regulating power sources; by 2030, flexibility retrofits of existing units should be completed wherever applicable.