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Coal Mining Exploration Forecast Probably not so hot anymore
The recent drop in the market price of coal from its record levels earlier this year will adversely impact earnings of Indonesian coal producers. Based on this factor, going forward, we expect weaker coal prices in line with the downtrend in oil prices, while higher supplies are expected on China’s higher exports as domestic consumption [...]
Coal Mine Trade and Market, buyers wait and sellers panic
The world’s busiest coal port used to be Newcastle, England, and then it was Newcastle, Australia. Now it’s Qinhuangdao, 300 kilometres east of Beijing on the Bohai Sea.
The amount of coal shipped each week out of the Bohai Sea is almost equal to the rest of the world’s seaborne coal trade. Most of those ships [...]
China Approve Coal Mine Export Quota of 15.9 Million
China Coal Mining Exploration Company, Shenhua Group said, China approved coal mine export quota totaling 15.9 million metric tons for November and December.
Shenhua can export 6.55 million tons in the so-called second batch of authorized coal shipments for 2008, the Beijing-based official in charge of overseas sales, who declined to be named because of internal [...]
Coal Mine Exploration at Australia’s Newcastle Port, Take Advantage of Higher Prices
Australian coal mine producers, the world’s largest mining exporters of the fuel, are switching output to semi-soft coal from thermal coal to take advantage of higher prices, reducing supply of power station coal, Mark Pervan, a senior commodity strategist with Australia and New Zealand Banking Group Ltd. in Melbourne, said today by phone.
Thermal coal [...]
Newcastle Coal Price Reaches Record on Supply Limits
Energy coal prices at Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose to a record on supply bottlenecks and growing demand, adding to expectations of higher Asian contract prices next year.
Coal for delivery from Newcastle within the next three months gained $1.43 to $83.51 a metric ton in the week ended [...]
Australian coal prices reach record
Energy coal prices at the port of Newcastle, Australia, the world’s biggest export harbor for the fuel, rose 1.3 percent to a record on expectations of supply shortages in Asia and a disruption to deliveries from a Queensland State mine.
Coal for immediate delivery at Newcastle rose 96 cents to $76.95 a metric ton in the [...]
Chinese coal producers supplies to South Korean
Chinese coal producers offered supplies to South Korean utilities at 7.5 percent above prices concluded in May with Japanese rivals because shortages of the fuel have worsened, said buyers involved in the talks.
Sellers, including China National Coal Group, sought $73 a metric ton from buyers led by Korea Southern Power Co., said two Korean utility [...]
Mining Tradding : Coal-Price clears $67 on Japanese
Benchmark Australian spot thermal coal traded above $67 a tonne on Monday amid final negotiations between Japanese utilities and Australian producers for 2008 contracts.
Traders said prices were also prodded higher on expectations of a supply squeeze worsening in the fourth quarter following news of Australia’s Newcastle port cutting fourth quartert export allocations by at least [...]
Asia Coal-Prices jump $4 on high offers by Australian miners
Benchmark Australian spot thermal coal prices jumped more than $4 to a two-and-a-half year high by sellers driving up offer prices ahead of negotiations with Japanese buyers for 2007 term contracts.
Thermal coal, used for power generation, rose $4.39 to $56.75 per tonne, the globalCOAL NEWC index showed on Tuesday, based on free-on-board (FOB) prices loaded [...]
