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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 [...]
BHP Billiton Reached Agreement Coking Coal Sales with Europe and Asia Costumer
Coking coal mining company BHP Billiton has reached a deal volume of hard coking coal sales to customers in Europe and Asia for the year 2010. Asian countries agree on the purchase of coking coal from BHP Billiton, among others, China, India and Japan. All three countries are the largest steel producers in Asia and [...]
China Steelmaker Compete For Import Of Coking Coal Next Year
China as a country that has the largest steel manufacturer in the world, probably next year will face competition with Japan and South Korea for coking coal. This year China’s coking coal imports increased 12-fold. Increased coking coal imports due to China’s government policy to close some coal mines that are not considered safe in [...]
Increase Coal Prices and Coal Demand from China Continues Until 2010
Analysts estimate the increase in coal prices and China’s coal demand will last until February 2010. The growth of coal prices coal prices due to competition for the supply of coal market in China. Increased coal prices could reach 5 to 10 percent.
As an approximate indication of the progress of coal prices coal prices at [...]
China Import Demand For Iron Ore And Coal Affect Australian Iron Ore And Coal Export
China’s preliminary November trade data are painting a supportive picture for Australian iron ore and coal exports. Iron ore import flows are back to the long-term growth trend, while China’s coal exports were down 30% month on month and are down 47% year on year, with export tonnage being diverted into China’s strengthening domestic market.
China Coal Buyers Plans Purchase Coal From South Africa
China is a major market for coal producers around the world, because the demand for coal imports to China is very high in the year 2009. China planned to import coal from South Africa. Coal buyers from China have been looking for some cargo wharf for shipping coal from South Africa to China for the [...]
South African Mining Company Accepted $92 million Bid for Coal Mine Stake in Siyanda Coal
Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million) bid for its stake in Siyanda Coal Ltd., a transaction that would end the need to raise cash in a rights offer.
Producers Of Iron Ore And Coal In South Africa Benefit Demand From China
The growth of the industrial sector in China to provide benefits to the mining company in South Africa, especially producers of iron ore and coal. China is a country that has a demand of iron ore and coal the largest at this time.
Steel Companies Expect Iron Ore Prices Increase 50 pct
Iron ore prices have fallen 33 per cent, coking coal prices have gone down 60 per cent.
Steel companies can finally breathe easy. At least three companies — JSW Steel, Ispat Industries and Essar Steel — are likely to enter into long-term raw material purchasing contracts soon and the savings on input costs could be as [...]
