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Tag: coal prices

Thermal coal to the rescue

Written by dev on . Posted in All News, Coal, Energy.

Australian thermal coal exports are helping offset inertia in the world economy.

It’s been outlined In the latest issue of Resources and Energy Quarterly (REQ) which reviews recent market movements and forecasts Australia’s position in the up-coming two years.

Thermal Coal Exports

Chinese imports of Australian thermal coal product have increased steadily in recent months — from zero in December 2022 to 3.6Mt in March 2023.

This compares to. . .

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Cuts at Dawson as COVID-19 crunches coal returns

Written by dev on . Posted in All News, Coal.

Dawson mine is facing a workforce cut after falling coal prices sparked an Anglo American move to defer some production activities at the Bowen Basin site.

One shovel fleet, one excavator fleet and associated services will be suspended from this month.

The majority of the workers impacted are engaged through contracting companies.

In a statement today, the company said the changes were the result of deteriorating metallurgical coal prices as the COVID-19 crisis impacted markets in customer countries and economies.

"Dawson Mine sells a wide range of coking coal products, and to ensure the mine can respond to market. . .

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