Iron ore and Coal

Mining News Pro - Black Iron and Glencore are in talks to finance construction of the junior’s Shymanivske iron ore project and have signed a non-binding memorandum of understanding to begin formal negotiations on the financing and offtake package.

Mining News Pro - Adani has labelled findings in a draft report that recommends against the Carmichael coal project in Queensland being developed because of its management plan for a rare bird as “false and inaccurate”.

Mining News Pro - Deputy Commercial of Esfahan Steel Company (ESC) said: “Our company is 50 years old and we have new technologies that their products have global standards. The production of rails is a proven example that can only be produced by a few countries in the world.

Mining News Pro - TAKRAF has reported on the recent start-up of Compagnie des Bauxites de Guinée (CBG)’s Bauxite Production Expansion project in Kamsar, Guinea.

Mining News Pro - The second largest coal miner in the US, Arch Coal, on Thursday announced that it had started work on a new three-million-ton-a-year coking coal mine that will operate on the same 200-million-ton reserve base as its Leer operation, in West Virginia.

Mining News Pro - The complete preferred list of bidders for South32’s energy coal interests is still being finalised, South32 CEO Graham Kerr told Mining Weekly Online on Thursday, when he also provided three reasons why the company’s Australian manganese operations are doing better than its South African manganese operations, and also commented on the steps that his group`s aluminium smelters have taken to offer resilience to Eskom`s load-shedding programme.

Mining News Pro - Colombia`s coal production and exports are likely to remain steady this year, companies said on Wednesday, amid predictions international prices for the fuel will fall in 2019.

Mining News Pro - China iron ore futures rose to a record on Monday, the first session after a week-long national holiday, on concerns that supply from Brazil, the country`s second-largest ore supplier, may decline after a fatal dam accident at a Vale mine.

Mining News Pro - One way to boost coal in the US: Find a spot near a mine with no access to oil or natural gas pipelines, where it’s not particularly windy and it’s dark much of the year.

Mining News Pro - In its full year 2018 results, CONSOL Energy reports that on the operations front, its Pennsylvania Mining Complex (PAMC) achieved record production of 27.6 million (short) tons in 2018, eclipsing the previous record of 26.1 million tons set in 2017 and marking the third consecutive year of production growth.

Mining News Pro - Iron ore prices reached an almost two-year high on Tuesday, following January’s fatal tailings dam breach in Brazil at Vale’s Córrego do Feijão mine. Iron ore was at $86.65/dry ton on Feb. 4, up 14% since the dam breach and the highest since March 2017, according to S&P Global Platts.

Mining News Pro - The global iron ore price is expected to temporarily rise above $US100 ($138) per tonne due to fallout from Vale’s recent tailing dam disaster in Brazil.

Mining News Pro - A $15 million thermal coal export terminal planned for Fraser Surrey Docks has had its permit cancelled by the Port of Vancouver.

Mining News Pro - Iron ore concentrate production of major Iranian mining companies in the first nine months of the current Iranian year (Mar.21_Dec.21, 2018) up 22 % year-on-year.

Mining News Pro - SIMEC Mining has extended its exclusivity period at Havilah Resources’ Maldorky and Grants iron ore projects in South Australia.

Mining News Pro - The outlook for Rio Tinto, the world’s second largest miner by market capitalisation, is positive over the coming years, according to a new report by Fitch Solutions.

Mining News Pro - A senior expert on international iron and steel markets said: “The price of iron ore will remain high a little after Chinese New Year but Australia will compensate the deficit of the market."

Mining News Pro - Coal exports are expected to drop this year, following a disappointingly slow run over the past few months, says Transnet Freight Rail coal GM Mandisa Mondi.

Mining News Pro - Wyong Coal’s long-gestating Wallarah 2 coal project in New South Wales may have secured a federal government approval, but the project could still be nixed if Labor wins the next state election.

Mining News Pro - The coal industry needs to counter the negative attitude towards the industry by investing in clean coal technology and funding research initiatives to find alternative markets for coal, says Mineral Resources Minister Gwede Mantashe.

In Picture