Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you a link to reset your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Coal

Anglo American sees lower 2020 S African thermal coal output on coronavirus

Agriculture | Grains | Shipping | Containers | Coronavirus

Containerized soybeans, wheat, and corn from the US to Southeast Asia on the rise

Coal

Platts Global Coal Alert

Agriculture | Grains

Asia Grains & Oilseeds Virtual Forum 2020

Electricity | Electric Power

PG&E warns customers about potential power shutoffs due to hot, dry conditions

Anglo American sees lower 2020 S African thermal coal output on coronavirus

Highlights

Near-term supply tightness seen for Richards Bay coal

India may eye Russian, Australian coal

Singapore — South African miner Anglo American said Friday it expects 2020 thermal coal production to drop by 1 million-2 million mt from 2019's 29 million mt as it reduces its workforce by as much as 70% in response to the coronavirus lockdown, stoking fears of tight supply in the near term.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

However, the necessary rail and port logistics infrastructure are expected to remain in operation during this period, the company said in a statement.

Anglo American owns Goedehoop, Greenside, Khwezela, Zibulo, Mafube collieries and Isibonelo coal mine.

Anglo American exported 19 million mt of thermal coal in 2019.

The Isibonelo coal mine, which supplies Sasol's fuel production facility, will operate with a 20% reduced workforce, the statement said.

The announcement comes close on the heels of a halt to South Africa's Richards Bay Coal Terminal operations starting midnight local time Thursday in accordance with the nation's 21-day lockdown.

Anglo's thermal coal volume account for as much as 25% of South African thermal coal exports and this move from Anglo may cause supply shortages in the near term, an international trader said.

India, South Africa's main coal export destination, has also struggled with its own 21-day lockdown measures and the widespread expectation in the market is that buyers may now seek high-CV alternatives from Russia and Australia or low CV Indonesian coal should supply from Richards Bay, sources said.