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Rio Tinto Plans To Increase Coal Mine Product To Expand Queensland Coal
Rio Tinto Group is set to scale back plans to almost double coal output in Australia’s Queensland state as part of global spending cuts, the Australian Financial Review reported, without saying where it got the information.
China Coal Mine Trade and Demand
THE world’s busiest coal port used to be Newcastle, England and then Newcastle, Australia. Now it is Qinhuangdao, 300 kilometres east of Beijing on the Bohai Sea.
The amount of coal shipped out of the Bohai Sea each week is almost equal to the rest of the world’s seaborne coal trade. Most of those ships feed […]
Coal Mine Trade and Market, buyers wait and sellers panic
The world’s busiest coal port used to be Newcastle, England, and then it was Newcastle, Australia. Now it’s Qinhuangdao, 300 kilometres east of Beijing on the Bohai Sea.
The amount of coal shipped each week out of the Bohai Sea is almost equal to the rest of the world’s seaborne coal trade. Most of those ships […]
Australian Mining Exploration, Production, Project and Mine Price Reports
AUSTRALIA is on track to record its lowest annual gold production in 20 years, but prices for the precious metal are at record highs, a report says.
Production in the September quarter rose slightly from the previous quarter, with output totalling 56 tonnes, mining consultants Surbiton Associates said.
However, it was still the third lowest quarterly production […]
Global Coal Trade and Invesment Oppurtunity
The global credit crunch is stifling physical coal trade around the world, slicing volumes and prices, with even large utilities struggling to raise short-term finance to operate normally.
The VM Group said in its latest Fortis Energy Monthly that European power utilities reported in early October that they had stopped trading coal swaps and physical cargoes […]
China Gold Producer, Zijin Mining Group Can Spend Up to $3 Billion on Acquisitions
Zijin Mining Group Co., China’s largest gold producer, may spend as much as 20 billion yuan ($3 billion) on acquisitions, taking advantage of the global plunge in equities and asset values.
Springvale Coal mine : 5th Annual Australian Mining Prospect Awards
Springvale Coal mine is a finalist in the 5th Annual Australian Mining Prospect Awards for its innovation and commitment to improving production at the minesite.
Springvale Coal is located within the Western Coalfield of NSW, approximately 15 kilometres north-west of Lithgow.
Australian state’s mining industry `Extremely Concerned’ Over Coal Levies
New South Wales Minerals Council, representing the Australian state’s mining industry, said it is `extremely concerned” the government is still considering higher coal levies that will heighten risk and deter investment.
New South Wales Increase Coal Royalty to Cost A$2 Billion in Exports
A plan by New South Wales to charge coal companies an extra A$500 million ($332 million) a year in royalties will cost the industry A$2 billion in export revenue over five years, a delegation will tell the state’s premier, the Australian Financial Review said.
