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Energy Publishing Release : New Coking Coal Index Responds To Changing Coal Market
The risk of volatility as global steel-making coal markets strengthen led to creation of a new index to facilitate more flexible pricing, developers said Wednesday.
A set of three indices created by Tennessee-based Energy Publishing Co is intended to enable the industry to move away from annual contracts for the coal, also called coking coal, editor [...]
China to Invest Billions Dollars in Canadian Mining Company
One of the Asian economic superpower, China secretly increase investment in Canadian mining company. China investments through the purchase of Canadian mining company shares. China Investment Corp. already has a gold mining company shares Canadian Kinross Gold Corp. (K-T17.87-0 .68-3, 67%) and Potash Corp. of Saskatchewan, (POT T109.34-1-.71-1, 54%).
Gold Prices Increase on Falling Supply and Rising Demand
February gold futures broke $1200 for the first time a little after 4AM New York time. February 2010 is now the major front month contract after the expiration of the December contract on November 30th.
Gold futures were up 14% in November, the best monthly performance in ten years. Silver was also up 14%. Gold traded [...]
China Railway Agree To Buy Two Australian Iron Ore Explorers
China Railway Materials Commercial Corp. agreed to pay A$39.8 million ($34 million) to buy stakes in two Australian iron ore explorers to secure supplies.
BHP Reported The Production Of Iron Ore In The Fourth Quarter Decreased 10 Percent
BHP Billiton is the largest companies based in Melbourne. BHP Billiton is one of the largest mining company producing iron ore after Rio Tinto, Vale. The three companies are companies that supply the world supply of iron ore.
Steel Company Proposes Changes To The System Iron Ore Contract Prices
Tensions that occur between iron ore producers in the world Rio Tinto and Chinese steelmaker to give experience to the company’s iron ore producers and steel companies to set up a system of iron ore sales contracts more transparent.
Steel Companies And Steel Industry Wanted Transparency Iron Ore Pricing
Catching some cases workers Rio Tinto by China’s security, allegedly because a state secret, Rio talks about the results and the steel companies in China for the price of iron ore that will be given to the Chinese steel manufacturer company, provides lessons to all companies and manufacturers of steel ore iron to create a [...]
China’s Steel Companies Fear Disastrous Steel Oversupply and Low Demand
China’s steelmakers are facing low demand and potentially disastrous oversupply, supporting their insistence on a 40 percent cut in benchmark iron ore prices.
China Steel Company Talks With Iron Ore Mining Companies (Vale, Rio and BHP) About Iron Ore Price
China’s steelmakers are facing low demand and potentially disastrous oversupply, supporting their insistence on a 40 percent cut in benchmark iron ore prices, an industry group executive said on Tuesday.
