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Shanxi Puda Coal Received Approval to Consolidate Four Additional Coal Mines in Pinglu County
In order to improve production efficiency and safety in the workplace and to reduce coal mine accidents, in early 2009, the province of Shanxi, the government issued a policy requiring the merger and consolidation of companies in the coal mining province of Shanxi. In accordance with government policy, large corporations coal production given the opportunity [...]
Macarthur Coal Reported Net Profit 39.6 Million, Down 63 Percent
Macarthur Coal posted a net profit of $39.6 million for the six months ended December 31, down 63 per cent from $106.9m a year earlier due to lower coal prices.
Chief executive Nicole Hollows said the company was on track to meet full year sales guidance of 4.8 million to 5 million tonnes and that the [...]
Coal Prices And Iron Ore Prices Rose Significantly
Winter and snow that occurred in some parts of China affect the mining exploration activities in China, so that mining production decreased. Decrease in mining production from China to change the status of China became an importer exporter of mining raw materials.
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 [...]
Steel Company Arcelormittal Plans Iron Ore Purchases Increased In 2010
Indian steel maker, ArcelorMittal planning to increase purchases of iron ore in 2010. Increased purchases of iron ore in anticipation of shortage of iron ore that will be used to produce metal, special steel production. ArcelorMittal is also trying to improve its self-sufficiency in coking coal by 20 percent to 25 percent, from 15 percent.
Coal Exporter Macarthur Coal To Purchase Offer Gloucester Coal
Largest coal exporter in the world, Macarthur Coal Ltd. plans to buy a coal mining company to expand the exploration of coal mining operations in Australia. Mining companies to be bought by Macarthur Coal is the Gloucester Coal.
Macarthur Coal expects the purchase of Gloucester will provide the production control of coal mines for power generation [...]
Increase Coal Prices and Coal Demand from China Continues Until 2010
Analysts estimate the increase in coal prices and China’s coal demand will last until February 2010. The growth of coal prices coal prices due to competition for the supply of coal market in China. Increased coal prices could reach 5 to 10 percent.
As an approximate indication of the progress of coal prices coal prices at [...]
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.
China Coal Buyers Plans Purchase Coal From South Africa
China is a major market for coal producers around the world, because the demand for coal imports to China is very high in the year 2009. China planned to import coal from South Africa. Coal buyers from China have been looking for some cargo wharf for shipping coal from South Africa to China for the [...]
