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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 [...]
Massey Energy Hopes to Sell More Than 20 Million Tons of Metallurgical Coal
Mine operator Massey Energy Co. said Wednesday that its $960 million acquisition of rival Cumberland Resources this week will help double sales of expensive coal used in steel mills by 2012.
Massey hopes to sell upwards of 20 million tons of metallurgical coal a year by then, riding strong demand from the burgeoning economies of Asia.
Cumberland [...]
China Set Up Coal and Coking Coal Futures in Shanxi Coal Mine
China should set up a coal and coking coal futures exchange in Taiyuan, capital city of the coal-rich Shanxi Province, as soon as possible, a lawmaker said Friday.
Launching coal and coking coal futures would allow investors to use arbitrage to preserve value of coal and coke in the production, transportation, and sales process, and would [...]
Australian Iron Ore Sales Expected to Increase 21 Percent
Australia, the world’s largest iron ore exporter, is forecast to boost sales 21 percent next fiscal year as prices gain.
Exports may be A$35 billion ($31 billion) in the 12 months ending June 30, 2011, from A$29 billion this year, the Canberra- based Australian Bureau of Agricultural and Resource Economics said today in a report. Total [...]
Nomura Holdings Inc Research : Iron Ore Contract Prices and Coking Coal has doubled in 2010
Nomura Holdings Inc. reported the results of research on changes in iron ore contract prices in 2010. Nomura Holdings estimated contract iron ore prices in 2010 will increase by 70%. While banking institutions estimate the iron ore price will rise 40% – 50%.
China Steelmakers Companies to Buy Coking Coal From CONSOL Energy
Coking coal producers United States, CONSOL Energy has sent a coking coal to China. Source of coking coal is shipped to China from Bailey coal mines in Blacksville Northern Appalachia. Coal sales to China was represented by Xcoal mining companies.
Thermal Coal Sales Contract Between Yanzhou Coal And Shandong Increase 21.2 Percent
Yanzhou Coal is largest mining company in China, Yanzhou coal mining company has several coal mining exploration sites in the province of China. One of coal mining exploration site’s Yanzhou Coal in Shandong China Province.
Joint Venture Coal Mining Company MEC Supply Coal To Tata Power
Middle East Coal (MEC) is a joint venture between the coal companies United Arab Emirates, RAK Minerals and Metals Investment (RMMI) and the UAE-based mining company Trimex. Middle East Coal (MEC) is in talks with Tata Power, the largest private power company in India. MEC has a source of coal mines that will be produced [...]
Mining Company BHP Billiton Iron Ore Production Highest Recorded
Mining company BHP Billiton iron ore production reported from several locations of their iron ore mines to reach the highest rate in the quarter. The highest production of iron ore from the Pilbara region, Western Australia. Production of iron ore from iron ore mines in the Pilbara region of about 54%.
