Mining News

Weekly South African Coal Report

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The September roll-over sees a massive jump in spot monthly prices, with a further strengthening of the forward curve, which remains significantly backwardated. The story of coal’s meteoric price rise in 2021 has been one of expensive natural gas and underperforming renewables in the face of severe weather events. Coal-fired power across most of Europe is expected to ramp up further in 2021, with a 35% efficient coal plant currently more profitable than a 49% efficient gas equivalent, on a clean dark vs spark spread comparison.

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