Articles Tagged "coking"

Coal Supply Tightens

By Desmond McMahon—Exclusive to Coal Investing News Analysts expect coal prices to continue to rise after a strong first quarter performance with demand from China and the United States putting increased pressure on limited supply. And, The World Bank approved funding for a massive coal-burning plant in South Africa. Steel-making coal prices jumped 22 percent [...]

SAIL, RINL has negotiated FY10 coking coal at 60% discount

Reports reveal that state-owned steel giants SAIL and RINL have negotiated the current fiscal’s long-term coking coal prices with global suppliers at $115-125 per tonne, which is over 60 per cent lower than what the companies had paid in the last financial year. For full story, click here

Coal Sees Glimmer Of Light

After a dark winter for Canadian coal producers, spring supply contract negotiations halfway around the world are providing a glimmer of light at the end of the mine shaft. As news of the pricing agreement filtered through the market last week, Canadian coal stocks have reaped the benefits.