Sibanthracite Group to change ownership

: Coal, Coking coal
21/02/09

A-Property is buying Russia's largest anthracite producer Sibanthracite Group and has already signed an agreement with the miner's owner, Alltek Group.

Sibanthracite Group will remain an independent company under the terms of the deal, which stipulates that long-term contracts will be signed with senior managers at the firm, and that they will retain shares in the company.

Further details about the acquisition will be disclosed after the deal closes, A-Property says.

Sibanthracite Group owns the leading coal companies in the Novosibirsk region, including Siberian Anthracite, Vostochny opencast and Kiyzassky opencast in the Kemerovo region, which mines low-volatile bituminous T-grade coal. The group produced 17.3mn t of coal last year, down from 23.3mn t in 2019, according to data from the Russian energy ministry's state information agency CDU TEK.

Earlier this month, Sibanthracite Group and Vostokugol, also owned by Alltech, sold their 50pc shares in the far eastern port of Vera in Russia's Primorsky region and the Ogodzhinskoye coal deposit to the owners of the other 50pc stakes in these assets, which are associated with A-Property.

A-Property bought Russian coal producer Elgaugol from Mechel and Gazprombank in April 2020. Elgaugol is developing the Elga coal deposit in south Yakutia and has reserves of more than 2.2bn t of Zh, GZh and KZh-grade coking coal. The firm produced around 7mn t of metallurgical coal in 2020, up from 4.3mn t a year earlier.

The deals will make A-Property Russia's third-largest coal producer after Suek and Kuzbassrazrezugol, according to some market participants.

Find more news, price information and market analysis on Russian coal exports in Argus Russian Coal report.

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25/07/09

Canadian met coal displaces US in May

London, 9 July (Argus) — Canadian coking coal mining firms offered lower-priced cargoes into India in May — seeking a new market to offset a sharp drop in Chinese demand — taking Indian buyers away from US coking coal in the month. Canada shipped 330,000t of coking coal to India in May, a 38pc increase from a year ago and a 104pc jump from April, Global Trade Tracker (GTT) data show. Chinese buyers have imported far less coking coal in January-May , slashing their imports from Mongolia in particular. But the slide in Canadian imports has been a more recent development. Canada's exports to China fell by 29pc in May to 837,000t. Traders have attributed a wave of low-priced Canadian offers to the decline in China's seaborne imports. Canadian mining firms have increasingly relied on the Chinese steel industry, as demand from Canada's traditional north Asian buyers — Japan, Korea and Taiwan — has weakened and Australian coal exited China in 2020 . Canada's suppliers shipped 32pc less coking coal to Japan on the year in May at 404,000t, extending a two-year decline in its exports to the country. US suppliers shipped half as much coking coal to India on the year in May at 449,000t. US coking coal exports dropped by 14pc, with weak interest in Brazil and Japan also weighing on the country's market. Buyers in Europe helped offset some of the year-on-year decline in US exports, taking 41pc more on the year at 1.1mn t. US suppliers also found renewed interest from Indonesian coke producers, sending 144,000t to the country, an 89pc jump from the year before. Indonesian coke-making capacity hit new heights late last year, bringing record US shipments to the country from November to February, but that new demand largely died out in March and April, when coke prices hit historic lows worldwide and cokeries found cheaper coking coal elsewhere. The Argus metallurgical coke 65 CSR fob Indonesia assessment dropped by $23.10/t from January to the start of March and several producers started cutting production. The Indonesian coke assessment fell to $191.50/t last week, the lowest price since Argus started assessing the product in November 2023. US coking coal suppliers say they are expected to sell to the country at a discount to low-volatile cfr China prices, meaning many producers are making sales at a loss. Indonesian buyers were also attracted to lower offers from Canada, with Canadian suppliers shipping a record 268,000t to the country. Canada exported 79,000t of coking coal to Indonesia in April with no prior exports to the country, according to GTT data. By Austin Barnes Canada coking coal exports May 2025 '000t Destination May 2025 May 2024 ±%y-o-y World 2,711 2,610 4 China 837 1,172 -29 Japan 404 595 -32 South Korea 344 331 4 India 330 240 38 Indonesia 268 0 N/A — GTT US coking coal exports May 2025 '000t Destination May 2025 May 2024 ±%y-o-y World 3,538 4,123 -14 India 449 916 -51 Netherlands 440 72 511 Brazil 370 576 -36 Japan 296 491 -40 South Korea 227 0 N/A Turkey 222 241 -8 Canada 199 266 -25 Indonesia 144 76 89 — GTT Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Australia's Gladstone port coal exports drop in FY25

25/07/08

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.

US' Peabody extends Australian coal mine lock-out again

25/07/07

US' Peabody extends Australian coal mine lock-out again

Sydney, 7 July (Argus) — US coal producer Peabody Energy has extended a lock-out of workers at its Australian Metropolitan mine until late on 9 July, because of a continuing dispute with the Mining and Energy Union (MEU). MEU workers will remain barred from entering the mixed thermal, pulverised coal injection (PCI), and hard coking coal mine — which produced 1.8mn t of coal in 2024 — without pay until 9 July, the union and company confirmed on 7 July. Peabody's lock-out began on 28 June and was scheduled to end on 6 July . The company ended the action early on 3 July, but then reintroduced and extended it late on 4 July because of partial work bans. The MEU can launch an unlimited number of work stoppages and limited work bans at Metropolitan, based on a 7 June strike authorisation. The MEU and Peabody remain at odds over the use of contractors at the mine, among other issues. The two groups are scheduled to engage in a Fair Work Commission (FWC) mediation on 8 July. They have already had two FWC mediations over the dispute, said Peabody's vice-president of underground operations Mike Carter on 7 July. Peabody has also met with employees more than 10 times, he added. Metropolitan Coal remains fully committed to ongoing good faith negotiations with its workers, a Peabody spokesperson said on 7 July. MEU workers will rally outside the site early on 8 July, joined by other labour unions. The labour dispute at Metropolitan follows a series of strikes at Peabody Energy's 12mn t/yr Wilpinjong thermal coal mine in February, over a different contract negotiation. By Avinash Govind Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

EU coal burn and output fall to record low in 2024

25/07/03

EU coal burn and output fall to record low in 2024

London, 3 July (Argus) — EU coal consumption and production fell to an all-time low last year, with coal burn nearly halving from 2018 as the solid fuel's role in EU power generation continues to fade progressively. Coal production in the EU fell by 12pc on the year to 242mn t in 2024, while consumption declined by 13pc to 306mn t, according to Eurostat data. This followed a record year-on-year decrease between 2022 and 2023, when production dropped by 21pc and consumption by 23pc. Although the energy crisis in Europe brought on by Russia's invasion of Ukraine in 2022 provided a brief reversal of declining coal burn and output, the EU since 2023 has returned to steadily decreasing its use of coal. Hard coal consumption in the EU was estimated to have fallen to 107mn t in 2024, 51pc less compared with 2018. Poland and the Czech Republic were the only two hard coal producers left in the EU last year, having produced 44mn t and 1.4mn t, respectively. Poland accounted for 43pc of total EU hard coal consumption, while Germany made up 23pc. The Netherlands, France, Italy, Spain, the Czech Republic and Belgium also consumed hard coal last year, but at a much smaller share of total EU hard coal burn of 3-6pc each. Brown coal consumption was estimated to have declined to 198mn t last year, 47pc lower than in 2018. Germany accounted for the largest share of brown coal consumption last year at 46pc, followed by Poland at 21pc, the Czech Republic at 12pc and Bulgaria at 8pc, while Romania and Greece accounted for 4-6pc each. Separately, fossil fuels accounted for 7.2pc of total power generation in the EU last year, while a dominant 47pc of electricity was generated by renewables last year, Eurostat data show. By Shreyashi Sanyal Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US adds 147,000 jobs in June, jobless rate down

25/07/03

US adds 147,000 jobs in June, jobless rate down

Houston, 3 July (Argus) — US hiring rose more than forecast in June, defying expectations for slowing growth in the face of President Donald Trump's shifting tariff and spending policies. The US added 147,000 nonfarm jobs in June, the Bureau of Labor Statistics (BLS) reported Thursday, exceeding economists' expectations for about 110,000 jobs. Gains for the prior two months were revised up by a combined 16,000 jobs, with May at 144,000. Job growth averaged 146,000 over the 12 months prior to June, BLS said. Fed funds futures after the report showed a 6.7pc probability the Federal Reserve would cut its target rate at the next meeting at the end of July, down from 24pc on Wednesday. The Fed has signaled it will continue to monitor the impacts of the administration's tariff, fiscal and other policies before adjusting policy, even as Trump has publicly lambasted the Fed chief for holding rates steady this year following a full percentage point of cuts last year. The US unemployment rate edged down to 4.1pc from 4.2pc in May and has remained in a range of 4-4.2pc since May 2024. Federal government jobs declined by 7,000 and have dropped by 69,000 since January, reflecting the initial impacts of Trump's efforts to slash the federal workforce, moves that are facing court challenges. Employees receiving severance pay or on paid leave are reported as employed. State government added 47,000 jobs, mostly in education. Health care added 39,000 jobs while social assistance added 16,000. Transportation and warehousing added 7,500 jobs. Manufacturing lost 7,000 jobs. Jobs were little changed in mining, quarrying, and oil and gas extraction; construction; wholesale trade; retail trade; information; financial activities; professional and business services; leisure and hospitality; and other services. Average hourly earnings were up on the year by 3.7pc in June, compared with 3.9pc in May. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Sibanthracite Group to change ownership

Related news posts

Canadian met coal displaces US in May

Canadian met coal displaces US in May

Australia's Gladstone port coal exports drop in FY25

Australia's Gladstone port coal exports drop in FY25

US' Peabody extends Australian coal mine lock-out again

US' Peabody extends Australian coal mine lock-out again

EU coal burn and output fall to record low in 2024

EU coal burn and output fall to record low in 2024

US adds 147,000 jobs in June, jobless rate down

US adds 147,000 jobs in June, jobless rate down

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