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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 [...]
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.
Global Coal Trade and Invesment Oppurtunity
The global credit crunch is stifling physical coal trade around the world, slicing volumes and prices, with even large utilities struggling to raise short-term finance to operate normally.
The VM Group said in its latest Fortis Energy Monthly that European power utilities reported in early October that they had stopped trading coal swaps and physical cargoes [...]
Linc Energy To Sell Teresa Coal Mine Exploration Permit
Australian innovative energy company Linc Energy Ltd. announced late Thursday that it has agreed to sell its Teresa coal exploration permits to China-based Xinwen Mining Group for A$1.5 billion. The company had revealed in July that it intends to sell the Teresa coal deposits. Following the announcement, the Linc Energy stock is climbing nearly 41% [...]
