Bukit Asam sees profits fall in H1 Despite selling a higher volume of coal, state-owned coal miner PT Tambang Batubara Bukit Asam (Bukit Asam) saw its profits fall in the first half of this year as the commodity’s price plunged. The publicly listed coal supplier booked a 31.22 percent drop...

Japan will depend on new coal technology that’s more than twice the cost of traditional plants to meet its targets on reducing global warming pollution. In a plan formally adopted earlier this month, Japan said it expects coal to generate about a quarter of the nation’s electricity...

As the coal industry’s troubles prolong, Peabody Energy Corporation (NYSE:BTU) is facing a difficult time as investor confidence seems to be at an all-time low. Over the past 12 months, the stock has fallen by 92.65%. Since January 1, 85.12% of the coal miner’s market capitalization...

Roughly 16% of Australian thermal coal mines representing around 33 million mt of production is classed as uneconomic at a current spot price of around $59/mt FOB for Newcastle 6,000 kcal/kg NAR, said a team of mining analysts at Morgan Stanley in a report released over the weekend. This...

Berau Coal’s 12.5 percent $450 million bonds fall due on Wednesday, and while there has been no official statement on whether the bonds will be redeemed on schedule, bondholders are expecting the issuer to enter a stay under the Singapore courts before resorting to a similar scheme in...

ISLAMABAD: Coal would remain a predominant energy resource to generate electricity in South Asia in future. It would account for more than half of the total installed capacity in the region by 2040 because of its cost competitiveness as compared to other technologies to generate electricity. The...

TOKYO, June 12 (Reuters) – Japan’s environment ministry is pushing back on the growing use of coal to generate power after the Fukushima nuclear disaster led to the shutdown of the nation’s reactors, as concerns mount over greenhouse gas emissions. Environment Minister Yoshio...

Two U.S. coal companies, Peabody Energy Corp. and Arch Coal Inc., sank to all-time lows amid concerns that they will have to pay more for insurance that covers environmental damage. Peabody fell 9 percent to a record low closing price of $2.53 in New York on Friday. The stock has declined 21...

While some are calling the current depressed state of the coal market “the end of coal”, a new study has revealed it is actually undergoing a renaissance. In fact, global coal consumption has risen dramatically in the past decade according to the paper, published in the Proceedings...

Colombia, the world’s fourth biggest coal exporter, produced 23.2 million tonnes of the fuel in the first three months of the year, down 5 percent from the same period last year, the National Mining Agency (ANM) said on Friday. The agency expects output for all of 2015 to be at least 87...