[SMM Coal Flash] China Qinfa’s Indonesian Raw Coal Output More Than Doubles to 7.07 Million Tonnes in January-September

Some coking coal mines in Shanxi have reportedly resumed operations, particularly in Lüliang. However, the overall recovery remains slow due to safety rectification requirements and production capacity restrictions. As of October 12, 39 mines across Changzhi, Taiyuan, Jinzhong, Lüliang and Linfen remained suspended, affecting a combined annual capacity of 41.5 million tonnes.

Australia’s White Energy Company has completed the acquisition of the South Galilee Coal Project in Queensland from the AMCI Group for an upfront cash payment of AUD 500,000. The deal was completed through the acquisition of all shares in AMCI (QCoal) Pty Ltd, which owns the entities holding the project’s coal tenements. AMCI Investments is also entitled to a further AUD 1.5 million upon the grant of a mining lease, plus a royalty of AUD 2 per tonne of coal sold, capped at AUD 18 million. The project is a proposed 17 million tonnes per annum open-cut and underground thermal coal mine, located near Alpha, Queensland. White Energy plans to conduct further drilling and technical and economic studies to assess development options.

India’s draft National Steel Policy-Vision 2047 projects annual coking coal demand to rise to 236 million tonnes by 2047, from 72 million tonnes currently, as the country expands its steelmaking capacity. India imports around 92% of its coking coal requirements. The draft policy proposes diversifying supply sources through overseas asset acquisitions, expanding domestic coal washeries, securing long-term supply arrangements and optimising coal blends to reduce import dependence.