2011 Coal Market Trends
While 2011 was not as radiant as its long term coal projections, both thermal and coking coal markets saw consistent production and consumption growth.
Articles Tagged "rio tinto group"
2011 Coal Trends and Q4 Outlook
Various natural disasters, coupled with continued demand growth from emerging markets, have supported strong prices of both thermal and metallurgical coal markets in 2011, but expect prices to slide in Q4.
Relentless Pursuit Engages Coal
China has tentatively agreed to majority finance an ambitious US$ 5.15 billion Queensland coal mine project, as the north Asian giant continues its relentless pursuit of Australia's resource assets. Australia's Waratah Coal Pty Ltd. announced in Brisbane on Thursday that it has entered into a deal with China's Metallurgical Group Corporation (MCC) for developing the country's largest thermal coal mine in Queensland at a cost of A$6.6 billion.
Major cuts to coking coal prices
Rio Tinto recently gave a big break to JSW Steel Ltd. on an existing contract. The mining major’s move to cut its coking coal prices for the Indian company by 43 percent are a dark sign of things to come for coking coal miners.
