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Low spot iron ore and coking coal prices should benefit NMDC and JSW Steel
Historically, the commodity cycle follows the economic cycle and this time is no different. The liquidity crisis and its cascading effect on real economies across the world have pulled down prices of commodities, including iron ore and coking coal.
B.C.’s Mining Industry High Coal Prices to Record 2008 Profits
Aggregate pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.
Anglo Mining Company Opinion, Mining Exploration and Industry in South Africa Needs Integrated Strategy
South Africa needs a clearer and more integrated coal and energy strategy for the next decade and beyond, Anglo American PLC said.
Coal Mine Producer, Peabody Reported Fourth Quarter Earning 2008
Before market opens on Tuesday, one of the world biggest coal producer, announce reported earning for the fourth quarter and full-year 2008.
Coal Mining Permit Expasion in Northern Arizona Approved
A controversy over coal mining in northern Arizona reached a milestone Dec. 22 when a federal agency gave the go-ahead for Peabody Western Coal Co. to expand an existing long-term permit on Black Mesa, home to Navajo and Hopi villages.
Coal Mine Exploration Company, Newcastle Coal Price Drops for a Fourth Week Amid Demand Slump
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, dropped for a fourth week, declining to the lowest in almost 14 months as demand from utilities weakened.
Thunder Bay Top Port Coal Mine Exploration Shipment
Higher Great Lakes water levels, continued strong coal shipments and a windfall of wind turbine traffic all contributed to strong tonnage totals through July, yet Duluth-Superior’s maritime commerce is lagging slightly behind last year’s record-setting pace, the Duluth Seaway Port Authority reported today.
All cargo through July totaled 21 million short tons, 6.5 percent behind 2007, [...]
Canada Mining Exploration Company Shift Away From Metal Mine Exploration to Coal Mine Exploration
Canada’s biggest diversified mining company has made a major shift away from metals to coal.
Teck Cominco Ltd.’s $14-billion (U.S.) offer for Fording Canadian Coal Trust – the largest coal sector deal in history – amounts to a major bet by Teck on continued strength for the commodity, which is used to make steel and is [...]
Australian Mine Exploration, Cameco Corporation Sign Agreement Acquire Uranium Mine Exploration Project at Western Australian
Mining Exploration News, Cameco Corporation has signed an agreement to acquire a 70% interest in the Kintyre uranium exploration project in Western Australia for $346.5 million (US).
A joint venture comprised of Cameco (70%) and Mitsubishi Development Pty Ltd (30%) purchased the Kintyre project from Rio Tinto for $495.0 million (US) through a bidding process. Cameco [...]
