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
Continue reading "Sail imports coking coal"
Thursday, January 15, 2009
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.
Continue reading "Coal and Oil – the Rise and Fall"
Thursday, January 1, 2009
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
Continue reading "Xstrata shuts half of Australia coking coal mine"
Tuesday, December 23, 2008
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
Continue reading "BHP, Rio May Have to Cut Coking Coal Prices 33%"
Wednesday, December 17, 2008
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
Continue reading "Xstrata shuts half of Australia coking coal mine"
Wednesday, December 3, 2008
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.
Continue reading "Coking coal price cuts"
Wednesday, October 29, 2008
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.
Continue reading "Third quarter up for coal miners"
Wednesday, August 13, 2008
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
Continue reading "Coking Coal firm to raise prices in China"
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Wednesday, February 18, 2009