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Sasol Coal Mining Company to Build New Coal Mine Exports
Coal mining company Sasol has allocated R3,1-billion for the new export coal mine to replace the depleting Twisdraai operation.
The Thubelisha export coal mine, already under construction, will also supply Sasol’s synfuels factory in Secunda, in Mpumalanga province.
Sasol Mining’s output in the six months to December 31 was up 6%, but its profit of R170-million was [...]
Australian Iron Ore Sales Expected to Increase 21 Percent
Australia, the world’s largest iron ore exporter, is forecast to boost sales 21 percent next fiscal year as prices gain.
Exports may be A$35 billion ($31 billion) in the 12 months ending June 30, 2011, from A$29 billion this year, the Canberra- based Australian Bureau of Agricultural and Resource Economics said today in a report. Total [...]
Nomura Holdings Inc Research : Iron Ore Contract Prices and Coking Coal has doubled in 2010
Nomura Holdings Inc. reported the results of research on changes in iron ore contract prices in 2010. Nomura Holdings estimated contract iron ore prices in 2010 will increase by 70%. While banking institutions estimate the iron ore price will rise 40% – 50%.
South African Coal Prices Rose On China’s Strong Demand
China’s strong demand of coal has pushed up prices offered by South African suppliers.
As the biggest consumer of coal, China had imported 13mln tons of coal in November 2009, 2.2mln tons more than the same period previous year.
Mining Demand Reported : China Increased Coal Imports Reached 16.4 Mln Tons
End of the year 2009 has changed the status of China as the country’s largest coal importer in the world. Previously China is the largest coal producer in the world. But closing some coal mines in China, especially coal mines in Shanxi, China’s coal production resulted in decreased sharply. Other factors increasing demand for coal [...]
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 [...]
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 [...]
