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China Set Up Coal and Coking Coal Futures in Shanxi Coal Mine
China should set up a coal and coking coal futures exchange in Taiyuan, capital city of the coal-rich Shanxi Province, as soon as possible, a lawmaker said Friday.
Launching coal and coking coal futures would allow investors to use arbitrage to preserve value of coal and coke in the production, transportation, and sales process, and would [...]
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 [...]
Environmentalists Continued Protests Mountaitop Coal Mining Exploration
Environmentalists call it mountaintop mining – the process of removing the mountain surfaces to extract as much coal as possible, then placing the excess material in surrounding valleys. It keeps utility prices down and brings money into the state, but hundreds of environmentalists rallied in Frankfort Thursday, saying it’s not worth it because it destroys [...]
Operational Unit Cost Increase, Xstrata Coal Forced To Cut Purchase Coal Price From Coal Suppliers
Xstrata Coal Queensland complained that the unit operating costs increased from year to year, thus affecting the company’s earnings to continue the purchase of coal from several coal suppliers. To overcome the problems faced by Xstrata Coal Queensland sent a letter to suppliers of coal, Xstrata Coal Queensland that will cut the purchase price of [...]
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 [...]
Brookfield To Expand Coal Capacity At Dalrymple Bay
Brookfield Asset Management, the group that rescued Babcock & Brown Infrastructure (BBI), plans to expand the capacity of the Dalrymple Bay Coal Terminal to capture the benefits of the next commodity boom.
Brookfield’s Toronto-based chief executive, Bruce Flatt, will tour the coal loading facility near Mackay in north Queensland this week, after the company paid $295 [...]
Gold Prices Declines From Record in Asia as Rally Encourages Selling
Gold prices dropped for the first time in three days in Asia as some investors sold the metal to lock in gains after its rally to a record and as the dollar advanced.
Bullion’s 14-day relative strength index has held at more than 70 since Nov. 13, a chart signal that gold prices may be set [...]
Mongolia Coal Price Impact And Australian Coal Export Growth Future
Growth in exploration activities in the coal mines in Mongolia resulted in a sharp increase coal production. Mongolia coal production lot imported into China, because the price of coal from Mongolia is cheaper.
China’s Coal Supply Dropped 3 Million Metric Tons Per Month
Accidents at coal mines in China resulted in China’s coal supply decreased 3 million metric tons per month. The decline affects the supply of coal in China’s coal consumption to 5 percent. China’s coal supply is used to support the growth of steel making industry. Government of China will take steps to close a number [...]
