Argus Coal Forum 2025

Date: Wednesday, 5 November 2025

Time : 4.00pm - 9.00pm

Location: Four Seasons Westcliff, Johannesburg

Thermal coal prices have settled at comparatively lower levels so far in 2025, finally finding some stability after a tumultuous few years. However, this new pricing paradigm raises several important questions regarding international coal supply, evolving energy mixes, and changing seasonal demand.

The South African market as always is in a state of evolution with key questions surrounding improving rail performance, increasing exposure to Indian demand and energy policy, and ultimately how the market can navigate a sub-$100/t API 4.

Following on from another successful event in 2024, this year’s edition will be back with more opportunity for market participants to get the latest news and pricing updates, plus to network and engage with each other.

Argus Coal Forum - Registration

Agenda

4.00pm – 4.50pm : Registration

4.50pm – 5.00pm: Introductory remarks - Dan Hayes, VP, Business Development.

5.00pm – 5.45pm: Session 1 | Evolving dynamics of South African coal market

How does South Africa compete for Asian demand
Indian coal import prospects and policy changes
Evolving rail performance and the impact on fob costs
Energy transition impact on SA coal production, global demand
Threats of Chinese and Indian domestic production

Speaker : Ashima Sharma – Senior Reporter, Coal Daily International

5.45pm – 6.30pm: Session 2 | South African physical and paper coal markets

Ice paper liquidity
Falling physical RB1 volumes
South African API 4 + off-spec pricing evolution – how does it work?
How to hedge South African cargoes amid declining paper liquidity?
Fixed vs index-linked price dynamics for South African exporters?

Speaker : Dan Hayes, VP, Business Development