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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 [...]
Sasol Coal Mining Company to Build New Coal Mine Exports
Coal mining company Sasol has allocated R3,1-billion for the new export coal mine to replace the depleting Twisdraai operation.
The Thubelisha export coal mine, already under construction, will also supply Sasol’s synfuels factory in Secunda, in Mpumalanga province.
Sasol Mining’s output in the six months to December 31 was up 6%, but its profit of R170-million was [...]
Bathurst Resources Joint Venture with L&M Coal Holding Acquires Coking Coal Asset in New Zealand
Australian listed coal company Bathurst Resources has penned an agreement with L&M Coal Holdings to joint venture and ultimately acquire an outstanding hard coking coal asset in the Buller coal field in New Zealand through the acquisition of 100% of L&M Coal Limited.
Coal Prices Hits, Gloucester Coal Reported Net Income Decline 59 percent
Takeover target Gloucester Coal has posted a sharp fall in first-half profit, mainly because of a fall in the coal prices, and will not pay an interim dividend.
However, it says volumes and margins remain healthy and new markets are being identified to diversify sales.
Gloucester reported yesterday a 59 per cent drop in net profit to [...]
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%.
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.
Coking Coal Export To China Increased, Coking Coal Prices $160-170 Per Tonne
Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the Indian economy, spot prices of the raw material are expected to firm up in the international market.
Coal India Proposes An Increase In Coal Prices
Coal India Ltd. (CIL), is a holding company under the coal ministry that contributes 85% of coal production in India and are free to fix the selling price of fuel, but only after prior approval from the government. The price of coal were last revised in December 2007 and the latest revision is expected [...]
