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Wednesday, 16 December 20
RUSSIA REVISES DOWN EXPORT EXPECTATION - FITCH

The  Ministry  of  Economy of Russia, the world’s third largest thermal coal exporting country, released its annual forecasts for socio-economic growth in September and forecast Russia’s coal production to fall by 1.1% in 2021 and 0.3% in 2022, a sharp reduction from its 2019 forecasts due to competition from alternative energy sources and other coal producers, Fitch said in its latest report.

However, Fitch says, CRU expects Russia to continue to build infrastructure to address growing demand from emerging Asian countries.



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Recent News

Thursday, 17 December 20
CHINA'S BAN IS LESS OF A THREAT TO AUSTRALIA'S COAL INDUSTRY THAN INTERNATIONAL CLIMATE AMBITION - IEEFA
Australian coal exporters will survive this near-term political fight but there are longterm structural headwinds   The decision by Ch ...


Thursday, 17 December 20
BUMA SIGNED US$1.0 BILLION WORTH OF EXTENSION CONTRACT WITH BERAU COAL
PT Bukit Makmur Mandiri Utama, subsidiary of PT Delta Dunia Makmur Tbk., has extended its mining services contracts with PT Berau Coal, in relation ...


Wednesday, 16 December 20
INDONESIA 2020 COAL CONSUMPTION ESTIMATED AT 140-145 MLN TONNES - OFFICIAL, REUTERS REPORTED
Indonesia’s domestic coal consumption is estimated at 140-145 million tonnes this year, Dodik Ariyanto, an official at the energy ministry, t ...


Wednesday, 16 December 20
INDIAN COAL IMPORTS TO REMAIN SUBDUED - FITCH RATINGS
Fitch Rating commented on Indian Coal Imports, Fitch said, coal imports by Indian utilities fell by about 24% yoy to 44 million tonnes  (mt) i ...


Wednesday, 16 December 20
CHINA TO BOOST DOMESTIC SUPPLY - FITCH
China’s benchmark Qinhuangdao 5,500kcal/kg coal price rose above the government’s upper yellow interval of CNY600/tonne in early Octobe ...


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