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Core to idle Itmann coking coal mine

  • Market: Coking coal
  • 03/06/25

US coking coal producer Core Natural Resources will pause operations at its Itmann mine in August, the firm told Argus today.

"[Core Natural Resources] plans to idle part or all of its operations at its Itmann Mine #5 and its Itmann Preparation Plant in early August due to weaker-than-expected market conditions and economic forces impacting the industry and the mine," the company explained.

Core filed a Worker Adjustment and Retraining Notification (WARN) notice yesterday, notifying staff it would be cutting 200 employees at the West Virginia mine by the end of August.

The site produces a low-volatile coking coal with a stated production capacity of 900,000st.

Itmann has never reached half of this planned output capacity. Consol Energy — which owned the mine before merging with Arch Resources in January — began producing small volumes at the site in 2020, steadily increasing its output to a record of 400,000st last year.

The firm had initially hoped to produce 700,000-900,000st at Itmann last year, but said "lingering supply chain issues and adverse geological conditions" led to lower output.

It is a "common opinion" in the US coal industry the geology of Itmann makes the site unattractive for miners, a US supplier said.

Producers had considered mining at the location for decades before Consol launched the project, but were put off for geological reasons, another miner said.

Consol acknowledged staffing issues at the site at the start of 2024.

Core Natural Resources lowered its 2025 production guidance by 600,000t last month, citing low sales prices and weak demand for coking coal.


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08/07/25

Australia's Gladstone port coal exports drop in FY25

Australia's Gladstone port coal exports drop in FY25

Sydney, 8 July (Argus) — Coal shipments out of Australia's Gladstone Port — which mainly supports coking coal mines in the northeastern state of Queensland — fell by 2.5pc on the year to 64mn t for the July 2024-June 2025 financial year. The decline was due to a mix of domestic operational and weather challenges, and subdued global steel production. Coal producers in the region faced multiple mine, rail, and port disruptions over 2024-25, beginning less than a month into the financial year. Rail operator Aurizon — which manages the lines linking Queensland's mines to Gladstone Port — closed its 100mn t/yr Blackwater and 30mn t/yr Moura lines for two weeks over July-August 2024. Gladstone Port faced its own challenges later in the year. The LNG and coal hub handled [multiple work stoppages in December]( https://direct.argusmedia.com/newsandanalysis/article/2640101), during tense labour negotiations between the port's management and five worker unions. Coal and LNG exports from Gladstone fell by 9.3pc and 2pc, respectively, that month . Challenges around the port continued into 2025. Global natural resources company Glencore's Oaky Creek mine along Aurizon's Blackwater line has been shut since late-April 2025 due to a water leak from a storage facility. Another mine, US-Australian producer Coronado's Curragh mine, faced cash availability challenges for much of the year. Australian producer Whitehaven Coal, which ships coal out of a number of Queensland ports, including Gladstone, also reported reduced coal sales in January-March because of wet weather. Coal financing issues in Queensland — and the rest of Australia — will likely persist in 2025-26. Australian producer Bowen Coking Coal, which produces both thermal and coking coal at its flagship Burton mine complex, said on 3 July that it may soon need to halt or reduce production at the site, if it is unable to raise capital. The company was suspended from the Australian Stock Exchange (ASX) a few days later and remains suspended. Chinese purchases of Gladstone coal also fell in the 2024-25 financial year as the country's crude steel output waned. China-based steelmakers cut production by 1.7pc on the year in January-May 2025, data from China's National Bureau of Statistic show. Accordingly, China's coal buying from Gladstone also fell 5.2pc on the year, port data showed. Demand for Gladstone coal was largely supported by Vietnamese and Taiwanese buying in 2024-25 (see table) — a trend which is expected to continue over the coming years. Vietnam-based steelmakers bought 4mn t of Gladstone coal over the fiscal year, up from 2.7mn t in 2023-24. The country's coal imports — which include both thermal and coking coal — rose to a 23-month high in May, Vietnamese customs data show. Vietnamese demand for Australian coking coal is expected to remain elevated in 2025-26, pushing up Queensland coal exports , the state government said in June. The state also expects buying from India to rise though coal shipments to the south Asian country fell by 11pc on the year for the 2024-25 financial year to 11.8mn t. By Avinash Govind Gladstone coal exports (July-June financial years) t 2024-25 2023-24 Change (%) Vietnam 4,012,532 2,706,506 48 Taiwan 3,939,110 2,956,583 33 Japan 18,063,450 18,464,123 -2.2 India 11,784,331 13,167,414 -11 China 10,201,030 10,759,961 -5.2 Total 64,291,396 65,961,612 -2.5 * Total includes other countries Source: Gladstone Ports Corporation (GPC) Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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US' Peabody extends Australian coal mine lock-out again


07/07/25
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07/07/25

US' Peabody extends Australian coal mine lock-out again

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EU CBAM export plan only partial solution: Industry


03/07/25
News
03/07/25

EU CBAM export plan only partial solution: Industry

Brussels, 3 July (Argus) — Industry has continued to urge a more comprehensive export adjustment under the EU carbon border adjustment mechanism (CBAM) following the European Commission's announcement of a forthcoming proposal yesterday, with some calling for full free emissions trading system (ETS) allocations for production destined for exports. Norwegian fertilizer firm Yara said the CBAM solution is "not good enough". The commission yesterday announced plans to reduce the risk of carbon leakage for goods exported from the EU in CBAM sectors under proposals to be presented by the end of the year, with the aim of providing equal treatment for all goods, whether produced, sold in the EU, or imported and exported. The commission's stated plans are "not good enough" for Monica Andres, Yara's executive vice-president for Europe. "We need a watertight and timely CBAM implementation to level the playing field with more carbon-intensive imports," Andres added, noting the commission's new proposal does not offer sufficient predictability and leads to an "incomplete" CBAM applying from 1 January 2026. "We would have preferred a solution which maintains full free allocations for the part of the production destined for exports," said BusinessEurope director general Markus Beyrer, adding CBAM is "untested and still incomplete" in its design. European steel association Eurofer said the commission's announcement on CBAM exports lacks the actual legal proposal and details on its design. CBAM sectors had proposed a simple mechanism based on free allocation for exports, Eurofer said, noting a "very limited" impact in reversing industrial decarbonisation given the proposed EU greenhouse gas reduction target of 90pc by 2040 against 1990 levels. Refinery industry association FuelsEurope has similarly called for any CBAM changes to maintain sufficient levels of free carbon allowance allocations and include measures to protect exports, if the measure's scope is extended to the refining sector. The scope of the mechanism so far includes cement, iron and steel, aluminium, fertilisers, electricity and hydrogen. The commission is consulting until 26 August on extending CBAM's scope to some downstream products and on circumvention risks. EU states and the European Parliament recently agreed to CBAM revisions exempting some 90pc of originally covered EU companies from reporting obligations. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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EU plans measures to support exports in CBAM sectors


02/07/25
News
02/07/25

EU plans measures to support exports in CBAM sectors

London, 2 July (Argus) — The European Commission said today that it intends to present plans by the end of the year to reduce the risk of carbon leakage for goods exported from the EU in sectors covered by the bloc's carbon border adjustment mechanism (CBAM). The proposal will be designed to provide equal treatment for all goods, "whether produced and sold in the EU, imported into the EU or exported", the commission said. The measure would be set up for a "defined period" and then reviewed in light of the planned 2026 revision of the EU emissions trading system (ETS). No further details were provided. Industries have long raised concerns about risks to competitiveness for products in CBAM sectors exported from the EU, given that they must still pay carbon costs while the mechanism only applies an effective carbon price on goods imported into the bloc. German industry federation BDI warned earlier this year that CBAM provides "no answer" to the problem of exports, while European cement and steel associations have called for export provisions under the mechanism. But there are concerns that introducing export protection measures could put CBAM at odds with World Trade Organisation (WTO) rules. Russia has already raised a CBAM dispute at the WTO , contending that the calculation of existing free ETS allocations for industry — which includes the value of exports — counts as an "alleged export subsidy" in contravention of the General Agreement on Tariffs and Trade 1994, the Agreement on Import Licensing Procedures, and the Agreement on Subsidies and Countervailing Measures. While deeming the measure an "important step", non-governmental organisation Bellona Europa today criticised the lack of information in the commission's initial proposal, which it said "was not presented with sufficient detail and does not provide a clear pathway for a long-term solution to the risk of carbon leakage from exports". "If rebates are the chosen path, they must be conditional on effective and serious decarbonisation commitments," Bellona said. The commission launched a separate consultation this week on whether to extend CBAM's scope to some downstream products to limit carbon leakage from the measure. It is seeking views on whether CBAM causes carbon leakage downstream, and whether extending its scope could reduce this risk or incentivise the take-up of low-carbon EU goods. It also asks respondents whether such an extension would increase costs for EU manufacturers or consumers, the extent of the administrative burden it would entail for EU importers, or non-EU producers and exporters, as well as the potential costs of related reporting requirements. The consultation also seeks views on whether CBAM in its current form poses circumvention risks, including via widely varying embedded emissions under the same goods categories, or resource shuffling, where companies choose to export their cleanest products to the EU without reducing their overall emissions. The consultation closes on 26 August. By Victoria Hatherick Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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India’s May coking coal imports rise 45pc on year


01/07/25
News
01/07/25

India’s May coking coal imports rise 45pc on year

Singapore, 1 July (Argus) — India's coking coal imports rose year on year in May driven by a jump in shipments from Russia and Indonesia. The country imported 7.32mn t of coking coal in May, up by 45pc from the previous year and by 13pc from April, according to data from e-commerce firm Mjunction. January-May shipments also rose by 12pc to 27.21mn t. Lower shipments from Australia and Canada were more than offset by increases from other suppliers. In particular, Russian shipments more than tripled to 1.90mn t from a year ago. Arrivals from Mozambique and Indonesia also rose by 53pc and 94pc respectively to 517,766t and 504,850t. India's metallurgical coke imports fell by 41pc to 296,848 t in May. Indonesian and Chinese coke arrivals more than halved from the previous year to 120,742t and 32,995t respectively, but were higher compared to April. Meanwhile, shipments from Poland and Columbia rose by 63pc and 29pc respectively to 106,900t and 36,211t from a year ago. Pulverised coal injection (PCI) imports fell 70pc on the year to 534,970t in May, with January-May volumes down 21pc. Both Australian and Russian volumes saw steep declines in the period at 54pc and 26pc respectively. India's crude steel output rose by nearly 10pc on the year to 13.5mn t in May. The Argus premium low-volatile hard coking coal index in May averaged $204.57/t cfr India, down by 22pc from the previous year. By Romil Sethi and Xiuqi Huang India metallurgical coal imports '000s Origin May-25 May-24 ± % Apr-25 ± % Jan-May 2025 Jan-May 2024 ± % Coking coal Australia 2,734 2,748 -1 3,063 -11 12,151 13,500 -10 US 1,290 943 +37 960 +34 4,515 4,191 +8 Canada 164 200 -18 313 -47 642 1,503 -57 Mozambique 518 339 +53 0 n/a 1,430 1,212 +18 Indonesia 505 260 +94 139 +264 1,271 1,118 +14 Russia 1,895 490 +287 1,420 +33 4,548 2,640 +72 Others 213 54 +291 559 -62 2,652 240 +1007 Total 7,319 5,035 +45 6,453 +13 27,210 24,404 +12 Met coke Indonesia 121 266 -55 85 +42 545 843 -35 China 33 101 -67 29 +14 193 413 -53 Poland 107 66 +63 0 n/a 238 316 -25 Colombia 36 28 +29 68 -47 200 87 +129 *Total 297 502 -41 403 -26 1,624 1,859 -13 PCI Australia 25 461 -95 173 -86 1,196 2,618 -54 Russia 477 1,303 -63 465 +3 3,890 5,287 -26 *Total 535 1,764 -70 637 -16 6,231 7,914 -21 Source: Mjunction *Note: Total includes additional small values excluded from individual breakdown, so component numbers may not sum to total Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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