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China Shenhua Energy to Continue Bid Coal Exploration Projects in Tavan Tolgoi, Mongolia
China Shenhua Energy Co Ltd said it is still in the running for a stake in Mongolia’s massive Tavan Tolgoi project, adding a new twist in the long-running tussle for what has been billed the world’s largest untapped coking coal resource.
Shenhua’s President Ling Wen’s comments on Tuesday came after Mongolia said it had cancelled the [...]
Steel Company Arcelormittal Plans Iron Ore Purchases Increased In 2010
Indian steel maker, ArcelorMittal planning to increase purchases of iron ore in 2010. Increased purchases of iron ore in anticipation of shortage of iron ore that will be used to produce metal, special steel production. ArcelorMittal is also trying to improve its self-sufficiency in coking coal by 20 percent to 25 percent, from 15 percent.
South Africa Coal Price Jumps To Ten-Month High
Prices for coal shipped from South Africa’s Richards Bay, site of the continent’s biggest export facility for the fuel, rose to a ten-month high on Asian demand and orders before the year-end holidays.
Export prices increased 96 c, or 1,4 percent, to an average of $68,45 a metric ton in the week ended December 11, according [...]
Iron Ore Producer, Vale Spent $300 Million at Mozambique Coal Mine
Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in its Moatize coal mine and should begin selling fuel from the project by June 2011.
Rio Tinto Joint Ventures Iron Ore Business With BHP
Steelmaker company and world iron ore mine surpriseds with decision made by by the biggest iron ore mine company of Rio Tinto. This iron ore mine company decides agreement with mine company China, Chinalco. Instead Rio Tinto signs up with BHP Billiton.
Brazilian Biggest Mining Company, Vale Launches Construction of Coal Mine Exploration Project in Mozambique
Brazilian mining giant Vale on Friday launched the construction of a $1.3 billion coal project in northern Mozambique, with the capacity to produce 11 million tonnes of coal per year.
Coal Mine Exploration and Industry Signed Decreasing
Mining Weekly cited Mr Dr John Topper MD of Clean Coal Centre as saying that the world’s dependence on coal for more than 40% of its power needs was not showing any signs of decreasing, but was instead poised to increase slightly in the next 20 years.
China Coal Mining Company, Yanzhou Coal Mining Co. Plans Take Over Felix Resources
Yanzhou Coal Mining Co.’s talks to take over Felix Resources Ltd., whose stock gained 9 percent last year, have stalled after price disagreements, two people with knowledge of the matter said.
India Mining Companies and Industry Sector Plans To Import 100 Million Tons of Coal Mine by 2012
India will import as much as 100 million metric tons of thermal coal by 2012 as new power plants are built, according to Coal and Oil Group, the country’s largest importer of the fuel for energy generation.
