Iron ore and Coal

Mining News Pro - Yancoal’s acquisition of Rio Tinto’s Coal & Allied business unit in New South Wales last year has paid off for the company.

Mining News Pro - Whitehaven Coal plans to continue growing its production profile in the Gunnedah Basin in New South Wales as demand for high-quality coal increases.

Mining News Pro - he union at the world`s largest copper mine, Escondida in Chile, has called off a strike planned to start on Tuesday after agreeing to extend talks with operator BHP for another day.

Mining News Pro - Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018 to March 2019 at $110/t, according to several people with knowledge of the matter.

Mining News Pro - Formally acknowledging that its one-billion-ton-a-year production target by 2020 will not be met, Coal India Limited (CIL) will undertake a complete review of domestic coal demand and diversification of business verticals.

Mining News Pro - Sponge iron export offers to Bangladesh increase significantly by USD 10-20/MT in current week over spurt in Indian domestic sponge prices.

Mining News Pro - China - largest importer of Australian iron ore has consistently reduced its purchases over preference for high-grade Brazilian ore.

Mining News Pro - According to statistics, Brazil exported 21.2 million tons of iron ore to China in July.

Mining News Pro - The tenth largest importer of Iron ore, Turkey has recorded decline in iron ore imports in June`18. The imports recorded at 0.61 MnT in June`18, down 42% M-o-M as against 1.05 MnT in May`18. The Y-o-Y imports witnessed decrease of 20% in June`18 as against 0.76 MnT in June`17.

Mining News Pro - One of the largest diversified companies in Australia has exited the coal industry, with a multi-million dollar sale of its stake in a joint venture.

Mining News Pro - New spending by some of the world`s largest iron ore miners is tightening the market for jobs and support services in Australia`s biggest mining region, bringing a sense of optimism after years in the doldrums.

Mining News Pro - A new report by BMI Research states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong due to the economic aspect of the fossil fuel and therefore producers will see improving financials over the coming years.

Mining News Pro - The amount of pellets made by large companies during the first three months of 1997 increased by more than 68%.

Mining News Pr - Iron-ore major Fortescue Metals on Monday said that it would retain a “substantial shareholding” in takeover target Atlas Iron, despite reducing its interest from 19.9% to 11.37%.

Mining News Pro - According to the Vessel line up data maintained by the SteelMint, Indian iron ore exports in Jul`18 witnessed at 0.17 MnT, down 50% M-o-M as against 0.34 MnT in Jun`18. The exports have dropped to lowest since Sept`15 which remained nil. On yearly basis, iron ore exports have come down by 71% as against 0.59 MnT in Jul’17.

Mining News Pro - Indian iron ore imports in July`18 recorded at 1.55 MnT, according to the customs data maintained with SteelMint. On monthly basis, imports have increased by 68% as against 0.92 MnT in June`18. On yearly basis imports depicted rise of 40% as compared to July`17 imports at 1.11 MnT.

Mining News Pro - The Minister of Mining and Trade opened the first concentrate production plant from Hematite low iron ore in Zarand, Kerman.

Mining News Pro - According to market sources report to SteelMint, offers for imported South African lump to India have inched up following increase in lump premium and global prices.. As per sources, South African lumps offer is hovering around USD 92/MT, CFR India.

Mining News Pro - World`s second largest exporter of iron ore - Brazil has recorded 15% Y-o-Y increase in export volumes to 36 MnT in July`18 as compared to July`17 exports at 31.31 MnT, according to trade statistics released by Brazil customs.

Mining News Pro - South African iron ore exports to India recorded at 0.95 MnT, decline of 80% M-o-M

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