Poland is one of the biggest coal producers in the world and PGG is Europe’s largest coal company.

The grid operator, Reseau de Transport d’Electricite, said last month that France risked an electricity shortfall in the event of a cold snap.

Company achieved full phase-out from coal-fired electricity generation in Canada when it finished the last of three planned coal-to-gas conversions at its Keephills Unit 3 power generation plant.

The most-active thermal coal futures contract on the Zhengzhou Commodity Exchange opened up 7.3% higher.

Private equity firms are lining up to take on the dirty -- and highly profitable -- assets being divested by publicly traded commodity producers as the world grapples to decarbonize.

Coal mining shares slide after export ban.

The Southeast Asian country is the world's biggest exporter of thermal coal.