Indonesian coal miner PT Bumi Resources Tbk plans to boost production by more than half over the next four years, reaching 100 million tonnes by the end of the decade, a company official said on Monday.
“We plan to produce 60 million tonnes this year and aim to produce 100 million tonnes by 2010,” Bumi’s senior […]
BHP Billiton Ltd., the world’s biggest mining company, said third-quarter copper, iron ore and nickel output rose, taking it toward record annual production of its biggest mineral products.
Copper output climbed 22 percent to 357,600 tons in the three months ended March 31, from 293,600 tons a year earlier, Melbourne-based BHP said today in a statement. […]
ANALYSTS are predicting a rebound for coking coal prices as China becomes a net importer of coal for the first time in its history.
Recent data shows the resource-hungry nation imported 14.3 million tonnes of coal in the first quarter of 2007, a 60.4 per cent rise over the three months ending March 31, 2006.
That compares […]
The price of coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The country gets 78 percent of its electricity […]
Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring […]
Commodity sales from Australia, the largest exporter of coal, iron ore, alumina and wool, may reach a record in fiscal 2008 as mining companies increase output to meet demand led by China and a drought eases.
Sales of commodities from beef to zinc in the year ending June 30, 2008, will at least match last year’s […]
Benchmark Australian spot thermal coal prices jumped more than $4 to a two-and-a-half year high by sellers driving up offer prices ahead of negotiations with Japanese buyers for 2007 term contracts.
Thermal coal, used for power generation, rose $4.39 to $56.75 per tonne, the globalCOAL NEWC index showed on Tuesday, based on free-on-board (FOB) prices loaded […]
Benchmark Australian spot thermal coal prices rose above $52 a tonne from a week ago, lifted by Asian utilities’ appetite for bituminous coal and buoyed by more buying in the spot market as ship queues continue to swell.
Thermal coal, used for power generation, rose $0.95 from a week earlier to $52.36 per tonne, the globalCOAL […]
THE FLOAT OF New Zealand Oil & Gas’ subsidiary Pike River Coal Ltd next month is set to create the country’s second largest coal exporter and inject up to $30 million a year into the jaded Greymouth economy.
Details of the float, the share allocation and amount sought, can not be revealed because of stock exchange […]
Iron ore is expected to overtake coking coal as Australia’s biggest export earner next year, with overseas sales set to leap more than a third to A$17.5bn ($13.7bn) as global steel production continues to rise.
The increase, which will cement Australia’s position as the world’s largest exporter of iron ore, reflects rising iron ore production following […]