Norilsk Nickel’s net profit fell by one-third in the first half of the year as the world’s largest nickel miner succumbed to rampant inflation in Russia and a 40 percent decline in the price of the metal.
Norilsk’s stock on the MICEX fell 17.7 percent Friday, falling further than the 6.1 percent decline on the MICEX […]
The weekly index for power-station coal prices at the New South Wales port dropped $8.32, or 6.1 percent, to $128.98 a metric ton in the week ended Sept. 26, according to the globalCOAL NEWC Index. The index has declined 34 percent since reaching a record $194.79 a ton in the week ended July 4.
Coal demand […]
Reported in bloomberg news online today, BHP Billiton Ltd., the world’s largest mining company, may have full-year profit boosted $1 billion this year because of the declining Australian dollar, according to FW Holst & Co.
The Australian currency has fallen 13 percent this half to 84 U.S. cents, increasing profits for companies whose sales are in […]
Newcastle Port Corp website showed, the world’s largest coal export terminal, surged to 2.02 million tonnes in the week to September 22, from 1.6 million tonnes for the week to September 8.
Coal exports from Australia’s Newcastle port surged 25 per cent from the previous week, port data showed, a sign of robust regional demand despite […]
The company said in a statement filed with the Hong Kong Stock Exchange that revenue in the Jan.-Jun period climbed 83% to hit HK$9.49 billion, compared with HK$5.18 billion. Earnings per share increased to HK$0.984 from HK$0.283.
China’s energy and base metals producer CITIC Resources Holdings Ltd announced on Monday its net profit jumped almost fourfold […]
Supplies from Escondida, the world’s biggest copper mine, increased 18 percent in 2007.
BHP Chief Executive Officer Marius Kloppers said “For the next two years, we’ve got a 10 to 15 percent production decline, and then we’ll resume the trajectory it was on earlier.”
Declining mine quality, insufficient power supplies and labor unrest have curbed copper production […]
Growing SA’s ability to export coal has become increasingly important as international coal prices have soared this year and the government has identified the sector as offering opportunities for new black empowerment companies. SA is the biggest supplier of coal to European power plants.
RBCT is the world’s biggest single coal export terminal. Although the port […]
Blizzards and floods half a world away have helped push Pennsylvania toward a coal-mining boom.
Efforts by China, India, Russia, Brazil and other countries to build their industrial bases and extend their electrical grids have raised prices in recent years, as demand started outstripping the worldwide coal supply.
Australia exports about one-third of the coal sold on […]
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, were little changed last week as supply constraints at a storm-affected port in Vietnam offset declines in the price of oil.
The weekly index for power-station coal prices at the New South Wales state port fell 26 cents, or 0.2 percent, to $161.89 a metric […]
Australian Mining Boom Stokes Profits, Narrows Record Deficit
Australia’s mining boom, stoked by Chinese demand for coal and iron ore, helped boost company profits by the most in more than seven years and narrow the nation’s current account deficit from a record.
Company profits advanced 14.3 percent in the second quarter, more than six times the 2.3 […]