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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.
China Coal Mining Companies, Shenhua Group Suspended $2.5 billon Mine Project
The biggest China coal mining company has suspended a $2.5 billion mining exploration project. This act impact of global financial crisis.
China to Reopen Thousands of Small Coal Mines Exploration
A push by China to reopen thousands of small coal mines exploration is failing, deepening its worst power crisis in years as local officials still fear Beijing’s wrath if they suffer high-profile disasters.
Weeks after the central government urged miners to reopen the mines, effectively reversing a years-old policy of shutting them in order to improve [...]
Uranium Funds Points to Near-Term U3O8 Price Decline
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months [...]
Reid faces pressure over mine law reform
Senate Majority Leader Harry Reid of Nevada, a gold miner’s son from the top gold-producing state in the nation, is confronting competing political interests as House Democrats prepare to rewrite an antiquated hard-rock mining law.
The minerals mining industry holds huge sway in Nevada and industry is balking at some of the most far-reaching reforms. Reid [...]
Mining law a dilemma for Sen. Harry Reid
Senate Majority Leader Harry Reid (news, bio, voting record)’s role as a chief defender of hard-rock mining got trickier Thursday as House Democrats renewed a long-standing campaign to rewrite an 1872 law that protects the industry.
The General Mining Law is the “Jurassic Park of all federal laws,” House Natural Resources Committee Chairman Nick Rahall (news, [...]
The dish of licence would honour the minors
In the country of the coal of Appalachia, the dishes of licence celebrate leaders of police force, firemen, cowherds — equal bowler hats.
However, in spite of the thousands of workmen entering the underground mines each day, there is no dish of licence for the minors.
Coal Surge Seen by Mobius as China’s Imports Increase (Update2)
Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring [...]
Litigation tempers mining industry’s surge in ‘06
Metals prices are high, markets are strong and Alaska’s producing mines are doing well as 2006 draws to a close. The Red Dog Mine north of Kotzebue holds the banner as the world’s largest zinc mine. Greens Creek Mine near Juneau is the nation’s largest silver mine.
Things aren’t all roses for the minerals industry, however. [...]
