India asks power firms to import coal on electricity demand

The latest move signals coal power generators are under pressure from high raw material costs and the government’s plan to cut electricity charges.

If approved, Hume's mine is expected to produce 50-million tonnes of run-of-mine coal over 23 years.

For the first time ever, West Virginia last year produced more natural gas, as measured by energy content, than coal.

On the supply side, Fitch expects production misses from Australia to keep the market tight in the coming quarters as large diversified miners lose their appetite for mining coal. 

After the opposition Labor party suffered heavy losses in coal-mining regions in Saturday’s Australian federal elections, the Carmichael project looks to be getting closer than ever to approval.

BHP Group CFO Peter Beavan told a strategy briefing on Wednesday that the world's biggest mining company has "no appetite" to grow its thermal coal assets.

The aid package launches a drive to transform chimney-stack economies into high-tech centers and will help Germany achieve its climate goals for 2030 and put it on the right path for meeting 2050 targets.

Investors in energy seem now to be sitting on the sidelines, waiting to see whether the cost deflation in renewables will overcome issues around grid integration, or whether some unforeseen policy backlash can drive a second coming of fossil fuels.

UK-based charity The Eden project has partnered with Alcoa to build a $150 million eco-tourism attraction at the company’s former Anglesea coal mine in Australia.