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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 Exports Down Reaching Lowest Number In September, 2.9 Percent YoY
Statistical reports, China coal exports down reaching the lowest number this year. The number of coal exports in September 2.02 million tons, compared to last year China’s coal exports could reach 2.08 million tons in September last year. Export monthly average fell more than 50% in the first eight months.
Selling Price Of Thermal And Coking Coal Expected To Increase In 2011
Selling price of thermal coal and coking coal is expected to rise in the year 2011. Mining trade analyst, Warren Edney estimated sales price of thermal coal to reach $ 75 per metric ton in 2011, while coking coal will be sold at $ 150 in the same period, an estimated increase in sales of [...]
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 [...]
Global Mining Companies Plans Expansions Iron Ore Mine Output
Global iron ore prices are set to decline sharply in 2009 as demand for the steelmaking ingredient shrinks dramatically as a result of deepening world economic recession.
Pike River Coal Plans Full Production Coal Mine Next Year
Pike River Coal (PRC) expects to crank up to 150 staff by June next year when it plans to be in full production.
The West Coast underground coal mine in the Paparoa range, 46km north of Greymouth, posted a loss of $1.14 million yesterday for the year to June 2008.
That reflects the mine still being in [...]
Severstal Resources, Rusian Steelmaker Mining Division Buys American Coal Miner for $1.3 Billion
Following in the footsteps of its bigger rival ArcelorMittal’s Brazilian acquisition earlier this week. Russian steelmaker OAO Severstal, through its mining division Severstal Resources, has agreed to buy American coal miner PBS Coals for about $1.3 billion in cash and also signalled its intention to acquire other assets in the continent.
Severstal will buy a combination [...]
Anglo American Mining Exploration and Producer Company Release Reports 27% Rise in First Half Profits
Anglo American, mining exploration and producer, the company net profits for the six months through June 30 rose to $4.3 billion from $3.38 billion in the same period last year. Revenue rose 13 percent to $14.53 billion from $12.88.
Mining company Anglo American PLC said Thursday that first-half profit rose 27 percent on high copper, platinum [...]
BHP Will Develop Exploration and Produce of Coal Mine in Australian
The company plans as many as 11 projects in Australia’s Queensland state as part of an “aggressive growth strategy” to meet demand, Michael Lambourne, chief financial officer at the alliance, a venture between BHP Billiton Ltd. and Japan’s Mitsubishi Corp., said today.
Prices for coking coal tripled to a record $300 a metric ton this year [...]
