Articles Tagged "Coal Market News"

Fraser Surrey Docks Gets Permit to Add Coal Shipping Facility, Vancouver

CBC News reported that Port Metro Vancouver has given Fraser Surrey Docks a permit to add a coal shipping facility to its existing terminal despite strong opposition from residents, environmentalists and municipal governments. Port officials have said that there will be a ban on coal storage at the facility, and that the project will include measures to reduce coal dust that could escape from barges and trains.

Coal Sector Could be Good Value in Today’s Market

In an article for Investopedia, Aaron Levitt made a case for investing in coal, suggesting that the demise of the sector may be overstated by some. Among other things, the author noted that the broad index for coal is up in 2014, albeit not being close to all-time highs.

Indian Coal-Fired Plants Running Out of Stock

Reuters reported today that according to India's state run NTPC (NSE:NTPC), six of the country's coal fired power plants could not handle even a small supply disruption due to low coal stocks. NTPC Chairman Arup Roy Choudhury told the news outlet that coming monsoons would make it even more difficult to replenish stocks in the country.

India Puts 2.5 Percent Duty on Coking Coal Imports

The Economic Times reported on Thursday that India will impose a 2.5 percent duty on imports of coking coal, which could lift domestic steel production costs. However, the government also imposed a duty on flat-rolled stainless steel products in an attempt to give an impetus to the stainless steel industry. Coking coal is currently priced at US$120 per tonne, according to the Times.

Coal Use at Highest Level Since 1970

Writing for Oilprice.com, Nick Cunningham pointed out that the amount of coal burned in 2013 was enough to meet 30.1 percent of the world's energy demand, the highest percentage in over 40 years. The author cited statistics from BP's (NYSE:BP) Statistical Review of World Energy.