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Gujarat NRE Sees Coking Coal Orders at Above $200/T
Metallurgical coke producer Gujarat NRE Coke expects long-term coking coal price contracts to be signed “anytime now” at over USD 200 per tonne, its managing director told Reuters on Tuesday.
Coking coal producers re-negotiate prices every year by January, but a spike in prices this year extended negotiations beyond the customary closure, Managing Director Arun Kumar [...]
Revenue U.S. Coal Miners Lower in Third Quarter
Income of U.S. coal miners has declined sharply in the third quarter. Coal miners decline in U.S. revenue due to demand for U.S. coal production from the producers of electricity generation. More tinggin coal prices if demand for coal exports from steel producers. Coal demand from steel producers can provide long-term effects.
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.
Consol Energy Reduce Mining Operation at Va. Mine
Consol Energy Inc said on Monday it is reducing operations at one of its mines for at least one month due to the current weak market for steelmaking coal and a water disposal problem at the mine.
Mine Demand Analysis, Sales Results and The Future of The Mining Companies
Mining giant Rio Tinto is hiving off assets to pay down $US40 billion ($57 billion) in debt after BHP Billiton withdrew a $US66 billion bid, but in these turbulent times, who’s buying?
South African New Rule Coal-Mine Exploration and Mining Invesmtent
South African investors will soon have a new coal-mine exploration and investment.
SNR’s chief operating officer David Nel reckons the AIM-traded company offers a different prospect to other junior coal companies in South Africa, which have brought projects to the market to take advantage of high coal prices on the domestic and export markets.
“We think [...]
26 million tonnes Coal-mine Exports Plans by Exxaro Coal Resources
Miningmx cited Mr Ernst Venter general manager of Exxaro Coal as saying that EXXARO Resources plans to export 26 million tonnes of coal from its Grootegeluk coal mine as it increases production there to 120 million tonnes in a decade.
Mr Venter told Miningmx on the sidelines of the Coaltrans South Africa conference in Johannesburg “We [...]
Rusian Biggest Steelmaker Company Agrees to Buy PBS Coals and Interest Purchase North American Coal Mine Assets
OAO Severstal, Russia’s biggest steelmaker, agreed to buy PBS Coals for USD 1.3 bln and said it’s interested in purchasing more North American coal assets, Bloomberg informs, quoted by Agerpres. Severstal will buy a combination of PBS and Penfold Capital Acquisition Corp. for C$8.30 ($7.93) a share, the Cherepovets, Russia-based steelmaker said today in a [...]
Coal Mining Exploration Operation Regulation in The No. 12 South A Mine Area
Grande Cache Coal Corporation announced today that it intends to file an application in August 2008 for regulatory approval to re-establish surface coal mining operations in a portion of the designated No. 12 South Mine area where the Corporation holds coal leases. The Corporation identifies this area as the “No. 12 South A (Phase 1) [...]
