Mining News

Weekly Coal Index Report

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2022 has started on a bullish note, with the Richards Bay market rising some $20 over the week. This was due mainly to the Indonesian coal export ban, as local utilities run dangerously short of coal, with a lack of vessels to move coal between the islands. The ban is expected to only last until end-Jan, although both South Korea and Japan have already held urgent talks with Indonesia’s energy ministry to have high calorific coal excluded from the ban.

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