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Energy Publishing Release : New Coking Coal Index Responds To Changing Coal Market
The risk of volatility as global steel-making coal markets strengthen led to creation of a new index to facilitate more flexible pricing, developers said Wednesday.
A set of three indices created by Tennessee-based Energy Publishing Co is intended to enable the industry to move away from annual contracts for the coal, also called coking coal, editor [...]
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 [...]
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%.
Bathurst Resources Joint Venture with L&M Coal Holding Acquires Coking Coal Asset in New Zealand
Australian listed coal company Bathurst Resources has penned an agreement with L&M Coal Holdings to joint venture and ultimately acquire an outstanding hard coking coal asset in the Buller coal field in New Zealand through the acquisition of 100% of L&M Coal Limited.
PTC India Plans Joint Ventures for Coal Mining Assets
PTC India Ltd., the country’s largest power trader, plans to form joint ventures to buy stakes in mining projects abroad to help secure fuel supplies for Indian power producers who face coal shortages, its chairman said Monday.
New-Delhi based PTC plans to buy coal assets with overseas and Indian companies in Indonesia and Australia and may [...]
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 [...]
U.S. Coal Industry Expect Coal Demand And Prices Rise
Increased demand and coking coal prices in Asia gives hope to the U.S. coal industry affects the demand for coal stocks in the U.S.. Leaders in the U.S. mining company saw indications of an increase in demand for coal and rising coal prices.
U.S. mining companies expect an increase in coal demand and coal prices will [...]
Coal Mining Company Arch Coal Profits Decreased, Coal Prices Falls
Coal mining company Arch Coal reported sales gains in the third quarter decreased, due to falling coal prices. Mining companies estimate the demand for coal will increase, especially coal used for steel making. Increased demand for coal will increase next year, coal demand is expected to reach the 4 million tons.
Essar Seeks Coal Assets In South Africa
Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of Essar Group said that South Africa is one of the world’s top coal exporters, and India is a growing export destination.
