As Europe looks to phase out thermal coal, demand for Colombian exports has been in decline in recent years. That has led to a few key producers ceasing operations, given that Europe accounts for 30% of imports of Colombian thermal coal.

AME forecasts that the Newcastle 6,300 spot price will be a record high US$370/t in the September quarter, up by 2% from the June quarter. This has been driven by a drop in Europe’s coal imports from Russia ahead of the embargo.

AME is modelling a slightly quieter resources pricing environment as actual commercial risk, and importantly, the permanent perception of risk is fast changing due to a plethora of structural changes.

Covering contemporary changes in production, engineering costs, risk and
returns. Our engineers and analysts monitor project developments, visit
operations and talk to producers to reflect these changes. This helps to
keep you current with the actual heartbeat of the industry.

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