Sail imports coking coal
Sail has access to captive reserves of iron ore but imports coking coal; high prices of this key input have pushed up the company’s raw material bill over the last couple of years. For full story, click here
Articles Tagged "coking"
Coal and Oil – the Rise and Fall
Supply and demand of coal is expected to be a bit more important in 2009, with the almost irrational movement along with crude oil turning out to be less of an influence.
Xstrata shuts half of Australia coking coal mine
Xstrata Plc has shut down half its coking coal production at a mine in Australia, the latest cutback by miners in the country as a slowdown in global steelmaking slashes demand for coal and other raw materials. For full story, click here
BHP, Rio May Have to Cut Coking Coal Prices 33%
Rio Tinto Group may have to cut contract prices by a third next year because of slumping demand from steelmakers, according to a survey of analysts. For full story, click here
Xstrata shuts half of Australia coking coal mine
Xstrata Plc has shut down half its coking coal production at a mine in Australia, the latest cutback by miners in the country as a slowdown in global steelmaking slashes demand for coal and other raw materials. For full story, click here
Coking coal price cuts
The metallurgical coal industry is set to face significant declines in price, according to analyst’s forecasts. Bloomberg conducted a survey of a nine-analyst panel whose median forecast placed the price of coking coal at $200 a tonne by April 2009. The individual forecasts ranged from $140 to $305 a tonne.
Third quarter up for coal miners
Despite the global financial crisis, several major coal producers reported increased profits this week, including Gloucester Coal, Console Energy, Alliance Resource Partners, Arch Coal, Walter Industries, and Alpha Natural Resources.
Coking Coal firm to raise prices in China
China’s leading coking coal producer, Xishan Coal and Electricity Power, reported that it had raised prices for washed coking coal and fat coal by 300 yuan ($43.7) per tonne from August 1. For more information, click here
