One of the largest export coal terminals in the world, Richards Bay Coal Terminal (RBCT)’s exports to India from South Africa has fallen from 2.5-million in March to 1.7-million tonnes in April. The fluctuation is due to rail capacity constraints. One exporter is quoted saying: “The Indian demand is still very strong and steady, there’s [...]
Continue reading "Coal Exports to India from South Africa Falls"
Thursday, April 15, 2010
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 [...]
Continue reading "Coal Supply Tightens"
Tuesday, May 5, 2009
Mining group Xstrata Plc. released first-quarter output and price data on Tuesday. For full story, click here
Continue reading "Xstrata Q1 coal production surged 7.7%"
Wednesday, April 15, 2009
Reports reveal that Qinhuangdao port has finally witnessed surge in coal price this week after coal price at China’s Qinhuangdao port remained unchanged for seven straight weeks. For full story, click here
Continue reading "Thermal Coal price at Qinhuangdao port rises"
Tuesday, March 24, 2009
As per Han Zhenguo an analyst with Haitong Securities that, coal price fluctuation in 2009 will narrow significantly without any big boom-bust as in last year, adding that the undulation in the whole year may be approximately 10%. For full story, click here
Continue reading "Thermal coal price in China to undulate by 10% in 2009"
Wednesday, March 18, 2009
A price war between liquefied natural gas and coal may put a temporary closure to coalmines because of a surge in shipments of the gas from the Middle East into Europe and North America. For full story, click here
Continue reading "Coalmines may be put out of action"
Tuesday, March 17, 2009
China has discovered a new coal field containing more than 13 billion tonnes of proven coal reserves in the northwestern region of Xinjiang, the China News Service reported on Monday. The 1,400 square-kilometre Sha'erhu coal field, located in the county of Shanshan in eastern Xinjiang
Continue reading "China increases coal imports"
Thursday, March 12, 2009
A dip in the contract price of coal by 40 per cent is being shrugged off by the industry. However, it will make a multi-billion-dollar dent in national export revenues. PricewaterhouseCoopers mining analyst, Tim Goldsmith, said: You’ve got to look at the fact that last year prices pretty much doubled and in some cases tripled. [...]
Continue reading "Coal industry remain unaffected by price drop"
Tuesday, February 24, 2009
Indian steel makers are reluctant to finalize annual contracts for coking coal for 2009-10 as they are trying for a price below USD 100 per tonne against a high of USD 300 a tonne in 2008. For full story, click here
Continue reading "Steel makers in India seek below USD 100 for coking coal"
Thursday, February 19, 2009
JSW Steel is negotiating a 66% lower rate for coking coal from global suppliers at USD 100 per tonne. For full story, click here
Continue reading "JSW Steel negotiating 66% cut in coking coal price"
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Monday, May 17, 2010