Imports of metallurgical coal from Russia have spurted around three-fold in the last three years to around 15.1 million tonnes in 2023-24 mainly due to lower prices while the same from Australia have declined, according to a research firm.
Australia Coal Market: Australia s exports of all grades of coal to China were 6.87 million metric tons in April, up from 6.83 million in March and the highest since November, according to data compiled by commodity analysts Kpler.
BHP, the world s largest mining company, offered $39 billion last week to buy Anglo, a move the London-listed miner that grew out of South Africa rejected as "significantly" undervalued.
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The closure of the Port of Baltimore due to the collapse of the Francis Scott Key Bridge could have major implications for coal exports, according to the U.S. Energy Information Administration (EIA). The bridge collapsed into the Patapsco River on Tuesday after it was struck by a container ship, leading to a temporary shutdown of the port.…