Asia
China:
* China's July thermal coal imports, including lignite, jumped 20% to 24.4 million tonnes, from 20.4 million tonnes a year ago, according to China customs data released Aug. 25. China's thermal coal import volume was up by about 23% from 19.8 million tonnes in June, the data showed. In July, coking coal import volume was 7.8 million tonnes, up 18% month on month.
* China Shenhua Energy Co. Ltd.'s attributable net profit in the first half slipped 1.1% to 24.24 billion Chinese yuan, or 1.22 yuan per share, from the year-ago 24.52 billion yuan, or 1.23 yuan per share. The company had flagged a 1% decrease in earnings due to lower coal sales and an increase in production costs of self-produced coal that weighed on its results.
Bangladesh:
Australia
Australia-based BHP Group is weighing the possibility of selling off its coal assets as investors signal a more environmentally minded focus, according to a report in the Nikkei Asian Review. Citing comments from CEO Andrew Mackenzie, the report said the company had "concluded that this is not a business that is going to offer the prospects for growth and would compete for capital ... compared to our other businesses." The company owns the Mount Arthur thermal coal mine in Australia and the Cerrejon facility in Colombia.
Africa
South Africa
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