COAL – PRICES – AUSTRALIA

State coal power to reap $500m-plus

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Original article by Max Maddison
The Australian – Page: 1 & 2 : 4-Jan-23

Households and small businesses will receive some $1.5bn in price relief via the federal government’s energy plan, which will cap gas and coal prices. Coal-fired power generators will in turn be entitled to compensation over the decision to cap coal prices at $125 per tonne. It has been estimated that coal-fired power stations in New South Wales could receive about $500m in compensation, with their Queensland counterparts could potentially be entitled to $750m in compensation. Independent senator David Pocock has criticised the government in the wake of revelations that mining company Rio Tinto and its partners could receive around $450m in compensation because they own the Gladstone power station.

CORPORATES
RIO TINTO LIMITED – ASX RIO

Coal boom to kick-start mines

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Original article by Lachlan Moffet Gray, David Rogers
The Australian – Page: 13 & 19 : 29-Sep-21

The price of thermal coal shipped from Newcastle in New South Wales has reached a record high of $US204.75 per tonne. The thermal coal price has now risen by more than 270 per cent since reaching a 12- month low of $US54.70 in October 2020. The price of coking coal has in turn risen by 183 per cent since reaching a yearly low. National Party senator Matt Canavan says the record prices are unlikely to be sustained; however, he adds that the high prices will encourage Australian coal miners to expand production, particularly in Queensland’s Galilee Basin.

CORPORATES
NATIONAL PARTY OF AUSTRALIA

Price struck for thermal coal export a ‘huge coup’

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 27 : 27-Apr-16

Australian thermal coal producers have secured an annual contract price of $US61.60 per tonne from Japanese buyers for the financial year that began on 1 April 2016. While this is 9.1 per cent lower than the $US67.80 for the previous Japanese financial year, Macquarie Wealth Management notes that it is about $US10.80 per tonne higher than the spot price. Australian shipments of thermal coal to Japan totalled 84.7 million tonnes in 2015.

CORPORATES
MACQUARIE WEALTH MANAGEMENT, GLENCORE PLC, TOHOKU ELECTRIC POWER CORPORATION, WHITEHAVEN COAL LIMITED – ASX WHC, IHS GLOBAL INSIGHT INCORPORATED

LNG oversupply could spell gory end for coal

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Original article by Jens Meyer
The Australian Financial Review – Page: 33 : 25-Feb-16

A recent report from the World Bank forecast that the price of Australian thermal coal will rise to $US58 per tonne by 2020. The price of coal exported from Newcastle was trading at $US40 a tonne in late February 2016, having peaked at almost $US130 a tonne in 2011. Macquarie believes that consumption of thermal coal may have peaked, and it warns that a global oversupply of LNG could further reduce demand for coal.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, OIL SEARCH LIMITED – ASX OSH, WORLD BANK