The International Energy Agency expects global coal consumption to remain stable through 2023, growing about 0.2% annually.
The agency wrote in its report "Coal 2018: Analysis and Forecasts to 2023," which was released Dec. 17, that growth in India and other Asian countries is expected to offset the declining demand for coal in Europe and the United States as the world's coal consumption rises from 5,355 million tons of coal equivalent, or Mtce, in 2017 to 5,418 Mtce in 2023. China, where a quarter of the world's coal is burned for power, is expected to see a gradual decline in demand.
Asia
China:
* U.S. commodity exports to China slowed as the trade dispute between the two countries grew, but experts warn of bigger consequences if negotiations do not wind down the escalation of tariffs and tension.
Indonesia:
Australia
* A group aggressively working across the globe to push insurance companies away from the coal sector said some of the world's largest insurers will not be covering Adani Mining Pty. Ltd.'s controversial Carmichael coal mine in Australia. The revelation followed the Adani Enterprises Ltd. unit's recent announcement that the company would be self-financing the project.
* Bounty Mining Ltd. slashed output guidance for the December 2018 quarter to 142,000 tonnes of salable coal from the previous guidance of 163,000 tonnes of salable coal. The company also expects lower production, processing and distribution payment during its fiscal second quarter to A$35 million, compared to A$37 million expected previously, according to a Dec. 27, 2018, release.
* Operations at the Mitsubishi Corp. and BHP Group Ltd.-owned Saraji coal mine in Queensland, Australia, resumed Jan. 3 after a person died in a machinery accident Dec. 31, 2018, Australian Mining reported.
Europe
U.S. coal exports to Europe have sharply declined in recent years, falling 40.6% from 2012 to 2017 as many nations began moving away from coal-fired power generation.
Czech Republic:
Russia:
Middle East
Israel:
North America
Canada:
As of Jan. 4, US$1 was equivalent to 67.78 Russian rubles.
S&P Global Platts and S&P Global Market Intelligence are both owned by S&P Global Inc.