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Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power demand as economic activity picks up.
 
Total output in September was 392.98 million metric tons, according to data from the National Bureau of Statistics, or 13.1 million tons per day, compared with an average of 12.71 million tons daily so far this year.
 
Miners ramped up production last month to meet rising demand for power generation as economic activity in China picked up after the summer on a raft of economic stabilization measures.
 
China’s coal-fired electricity output rose by 2.3% year-on-year in September, the statistics bureau data showed.
 
Power demand increased by 9.9% year-on-year in September, the National Energy Administration said this week, beating expectations, Daiwa analysts said in a note.
 
Coal output over the first nine months of 2023 stood at 3.44 billion tons, up 3% compared with the same period last year, and putting China on track for another year of record coal production.
 
In 2022, domestic producers mined 4.496 billion tons of coal, the highest level ever.
 
Production will likely continue to increase in the fourth quarter as mines have resumed normal operations following accidents, and state-owned miners raise production to ensure sufficient supply during the winter, according to analysts from the China Coal Transportation and Distribution Association.
 
The production of coke used in steelmaking rose 3.6% in September to 41.44 million tons, with year-to-date output reaching 368.31 million tons, up 2.6%.
Source: Reuters


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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...


Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...


Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...


Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...


Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon. ...


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