>>Coking Coal consumption has increased in China recently as steel makers aggressively restocked the material as snowy weather was expected to hit the northern regions of that country, and that will interrupt the transportation coal. Also, some Met Coke producers in the Shanxi province, the top Met Coke producing region in China, were ordered to raise production of Coke Oven Gas, a by-product of Met Coke production, which will be turned into Liquefied Natural Gas.
>>Singareni Collieries Company Limited (SCCL) expects its coal production to reach tentatively 85 MnTPA as plans are there for opening up 12 new mines. SCCL had produced approximately 42 MnT of coal during the Apr-Dec’17 period.
>>Australian coal major—Glencore—has disclosed that it agreed to sale two of its existing coal mines in Australia to GFC Alliance, a firm owned by the British industrialist Sanjeev Gupta. Although, Glencore has not disclosed the deal value, market participants estimate the sale to be closed at around USD 100 million.
Leave a Reply