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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.
Iron Ore Producer, Vale Spent $300 Million at Mozambique Coal Mine
Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in its Moatize coal mine and should begin selling fuel from the project by June 2011.
China Coal Mining Company, Yanzhou Coal Mining Co. Plans Take Over Felix Resources
Yanzhou Coal Mining Co.’s talks to take over Felix Resources Ltd., whose stock gained 9 percent last year, have stalled after price disagreements, two people with knowledge of the matter said.
Strait Asia Resources Plans To Increase Coal Mine Production to 20 million tones by 2012
In Reuters news online reported, Singapore listed Straits Asia Resources aims to more than double its annual coal production to 20 million tonnes by 2012 and may acquire two Indonesian coal mines to achieve that target.
Production and Export of Coal Mine Expected to Increase at Newcastle Port Next Year
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, snapped a four- week losing streak, gaining amid forecasts for demand to continue to rise next year.
Posco Mines May Win A Recommendation For Iron-Ore Mining
Posco, Asia’s third-biggest steelmaker, may win a recommendation for iron-ore mining rights for its planned $12 billion mill in India, as the Orissa state government sends its consent to the ministry this month. Although, Posco is not still completely out of trouble, but definitely it will create hurdles for setting up it’s mega project in [...]
Xinwen Mining Group Acquires Australian Coal Mine Exploration Permit in Bowen Basin
Xinwen is the third-largest coal miner in China and this acquisition comes after its bigger rival China Shenhua Energy bought an exploration licence near Gunnedah from the NSW government in Australia last month for $261 million.
Xinwen Mining Group has acquired Australian Linc Energy’s, Teresa exploration permits in the Bowen Basin for $1.5 billion as it [...]
Iron Ore Mining Increase Prices On Market
Steel and mining stocks tumbled Wednesday, but as China and India continue to build their way into the 21st century, steel and the iron ore and coking coal to make it are still hot commodities.
Annual contract prices for iron ore recently jumped 65% to 96.5% on global markets, effective from April. Last year prices [...]
Oil Mining Exploration and Production in Future : G-8 Energy Forum Discuss Oil Prices
Energy chiefs from the world’s industrial powers huddled for talks on soaring oil prices Sunday amid deep doubts that their actions can quell markets – or stave off damage to their economies – anytime soon.
Ministers from the Group of Eight nations met in northern Japan in the morning to discuss energy security. They are to [...]
