Mining News

Weekly Coal Index Report

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As the Australian and South African markets push coal prices up, amid a shortage of South African material thanks to the unavailability of rail, Glencore has doubled down on coal by acquiring its joint venture partners’ shares in the Cerrejón thermal coal mine in Colombia for $230-million cash in total. Asian Pacific energy demand remains robust pushing Asian gas and coal prices higher, with Chinese domestic thermal prices at the top end of their range once more. European gas and power prices are also higher, following crude oil upwards, while European Union carbon approaches $60.

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