Prices Ease for Asia Spot Coking Coal
Platts reported that a lack of interest caused an easing of spot coking coal prices.
Platts reported that a lack of interest caused an easing of spot coking coal prices.
Bloomberg reported that coking coal prices are expected to rise as countries like China continue to produce more steel.
Reuters reported that China's coking coal imports are forecast to increase by 10% this year.
Reuters reported that Xstrata (LSE:XTA) will sell Canadian coking coal to Japan in a joint venture with JX Nippon.
Mining Weekly reported that Coal of Africa (ASX:CZA) said hard coking coal was confirmed at Makhado and the company was looking at supplying the Indian market.
Bloomberg reported that China intends to begin trading coking coal futures.
Global Met Coal Corporation (TSXV:GMZ,FWB:B1H) announced a signing of an MOU regarding coking coal projects in Mongolia.
Platts reported that New World Resources (LSE:NWR) reported a drop in coal production for 2011.
Bloomberg reported that Walter Energy (NYSE:WLT) Q4 earnings were lower than analyst estimates.
Bloomberg reported that Morgan Stanley expects slower Asian coal demand and flooding in Australia will cause coal prices to drop this half.
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