US coking coal prices have been flat to slightly stronger early this week ahead of current third-quarter spot requirements in Europe closing.

Most agreed that the increased production is a concern and could lead to an oversupply on the market and lower prices.

Sharp increases in EU emissions trading system (ETS) allowance values in recent sessions have worsened market conditions for German coal-fired power generation for next year, with around 46pc of the fleet priced out of the base-load market.

UK-Australian resources firm BHP and its partner, Japanese trading house Mitsubishi, plan to spend $100mn on 34 autonomous trucks at their 4.5mn t/yr Daunia coking coal mine in the Bowen basin in Queensland, Australia.

India's state-controlled mining firm Coal India (CIL) has formed a joint venture with NLC India, a state-controlled lignite producer and utility, to set up thermal and solar power assets with a combined capacity of 5GW in the country.

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