Search Results
Asia Coal-Prices rise above $52 on demand, port congestion
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 […]
Hard road to extract Pike River coal
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 […]
Australia’s iron ore export ‘to jump a third’
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 […]
Top China coal firm Shenhua’s Q3 output up 22 pct
Shenhua Energy Co. Ltd. , China’s top coal producer, said on Friday its third-quarter output rose 22 percent, exceeding expectations amid fears that prices had begun softening in the second half.
The world’s largest coal firm by reserves after Peabody Energy Corp. produced 36.1 million tonnes of coal in July-September, versus 29.5 million tonnes a year […]
Korea needs to prepare for global LNG war
What is it? Where does it come from? Korea recently celebrated its national Independence Day, but how can Korea provide for its own energy independence given that we as a nation are energy resource poor? Korea uses nuclear, hydropower, coal, oil and natural gas as its five primary forms of energy.
Every part of Korean life […]
Xstrata, Japan agree steady Australia coal price
Coal miner Xstrata Plc has agreed with major Japanese utilities to keep its Australian thermal coal prices steady this year at about $52,50 a tonne, setting a likely industry benchmark after drawn-out talks.
The price for supplies in the Japanese fiscal year to March 2007, coming more than three months after it was meant to have […]
Mining giant expects emerging markets will continue to drive steel demand
The world’s largest diversified miner, BHP Billiton, has given its backing to the view that the steel industry, which faced a torrid period at the turn of the century with overcapacity and rising costs, will remain ’stronger for longer’ - the company is a leading iron-ore and manganese producer, selling into the carbon-steel sector globally.
This […]
Power to The People : Australia is divided on the question of nuclear energy.
What happened?
Last week Prime Minister John Howard announced a Federal Government inquiry into nuclear energy.
Former Telstra managing director Ziggy Switkowski, a nuclear physicist, will head the prime ministerial taskforce charged with reviewing uranium mining, processing and nuclear energy in Australia.
Australia pleads for mining favour in Russia
Trade ministers are like the Fuller brush salesman. The job requires long days and hard traveling, sleep-short nights in dreary hotels, selling a premium brand-name for a cheap product that customers usually think they need no more of. And when the salesman returns to headquarters, the boss hardly notices him.
