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Analysist Mining and Industry Sector : China’s Industry Sector Reopen Coal Mine Import After Deal Coal Prices Contract
A months-long dispute between Chinese coal miners and power generators over annual prices has unexpectedly opened the door to rising imports, despite lacklustre demand and a supply glut.
Australian coal prices reach record
Energy coal prices at the port of Newcastle, Australia, the world’s biggest export harbor for the fuel, rose 1.3 percent to a record on expectations of supply shortages in Asia and a disruption to deliveries from a Queensland State mine.
Coal for immediate delivery at Newcastle rose 96 cents to $76.95 a metric ton in the [...]
Russia’s thermal coal demand seen tripling by 2020
Demand for thermal coal in Russia, the world’s fifth-largest coal miner, could more than triple by 2020 as the country invests billions of dollars to expand its power network, industry officials said on Monday. Thermal coal supply would rise by more than 50 percent and the proportion of exports in overall output from the world’s [...]
India’s steel industry steps onto world stage
Tata Group’s new status as the world’s fifth-largest steel firm signals a milestone for the Indian economy.
There was much jubilation in India when the Tata Group, an Indian conglomerate, won a bid late last month for the Corus Group, an Anglo-Dutch steel firm. The deal catapulted the new global entity to become the world’s fifth-largest [...]
