Coal shipments to India rose 10% y/y
NewsBetween January and August, India’s coal shipments rose 10% y/y, driven by strong electricity demand, but hydropower recovery may reduce future coal demand.
NZ coal in crisis
StandardNew Zealand’s stateowned coal miner Solid Energy is in crisis with its debt ballooning to NZ$389M. It made a loss of $40M in its last financial year, attributed to a 40% fall in the value of its coking coal exports compounded by a rise in the NZ dollar value.
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