Chinese company Xuan Yuan (XY Group), one of the largest Chinese corporate investors in Russia, plans to invest about 685 mio in the construction of a conveyor system for transshipment of Russian coal across the Amur River for further export to China. According to representatives of the China Coal Import Association, various options are being…
Coal is still a glowing part of global commodities markets even if prices for the energy source are sliding. Despite widespread perceptions that the coal industry is under threat, output is actually hitting new records — at least outside the U.S. and EU. China’s voracious appetite for thermal coal is a big driver of the…
Around 40% of the world’s coal is traded in Switzerland, as per a review. Swiss banks are among the top moneylenders to the coal business. This year, coal production should exceed eight billion tonnes worldwide, an all-time high, according to forecasts by the International Energy Agency (IEA). Coal is produced mainly in China, India, Indonesia…
Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the fossil fuel. Dozens of insurers have announced restrictions on their cover for the coal…
Kazakhstan exported 2.85 million tons of coal and coke to the European Union (EU) countries since the beginning of this year, as its coal is suitable for their power plants, according to the July 25 S&P Global Commodity Insights report. For comparison, Kazakhstan exported an average of 0.81 million tons of coal to EU nations…