Iron ore and Coal

Mining News Pro - BHP has cut its iron ore production guidance for the 2019 financial year on the impacts of Tropical Cyclone Veronica, after a similar reduction by Rio Tinto yesterday.

Mining News Pro - Rio Tinto has reduced its 2019 guidance for Pilbara iron ore shipments following a damage at the port brought by tropical cyclones.

Mining News Pro - The crisis in the transportation of iron ore in Vale will appear in China within the next three weeks.

Mining News Pro - Spot iron ore prices rose from $75 per tonne to $95 per tonne in the weeks following the Brumadinho dam disaster at Vale’s (NYSE: VALE) Feijao iron ore mine in Brazil, before settling in at about $85 per tonne, according to the latest research on the global iron ore market by the Macquarie Group.

Mining News Pro - This week Chinese steel market exhibited mixed sentiments as the steel export offers softened despite hike in domestic prices. Chinese HRC and rebar export offers inched down this week amid public holidays and subdued trades. Meanwhile coking coal prices fell amid lowered Chinese buying interest. Meanwhile billet export offers fell on weekly basis. However iron ore prices reported surge on supply concerns.

Mining News Pro - The list of 2018 global iron ore exporters has been released.

Mining News Pro - Blasting specialist BME USA has been awarded a contract by Usibelli Coal Mine (UCM) in Alaska to supply explosive products and accessories.

Mining News Pro - Rio Tinto has announced disruptions to certain iron ore shipments from Western Australia following the impact of Cyclone Veronica.

Mining News Pro - Havilah Resources has agreed to provide GFG Alliance-subsidiary SIMEC Mining additional time to carry out due diligence at two of its iron ore projects, Grants and Maldorky.

Mining News Pro - Petropavlovsk PLC has issued a notification that IRC Ltd, a producer and developer of industrial commodities in which the company is a significant shareholder (31.1%), has today made an announcement in relation to the connection of both ends of the Amur River Bridge.

Mining News Pro - Glencore has secured a life-of-mine offtake agreement to receive iron ore from Macarthur Minerals’ Lake Giles project in the Yilgarn region of Western Australia.

Mining News Pro - A new £165 million (about $218 million) coal mine, Woodhouse Colliery, has been unanimously approved by councillors in the county of Cumbria, in northwest England. The mine promises hundreds of jobs, but also protests by environmental activists.

Mining News Pro - Chinese iron ore prices rose for a sixth straight session on Tuesday as Brazil`s Vale faced further restrictions at its iron ore operations, adding to concerns about tight supply of the steelmaking raw material.

Mining News Pro - China`s unofficial go-slow on clearing Australian coal through customs didn`t show up in the first two months of this year, but it may now be starting to have an impact.

Mining News Pro - A Brazilian court has ordered iron ore miner Vale to freeze 1 billion reais (about $260 million) in funds as compensation for affected communities following the January dam disaster at the company’s Corrego do Feijão mine, which left at least 300 people dead.

Mining News Pro - Eleven years ago, Cloud Peak Energy Inc. made an all-or-nothing bet its rivals were unwilling to match: that coal would remain indispensable to the U.S. power sector.

Mining News Pro - The production of iron ore concentrate increased by 19 percent in the 11 months of this year.

Mining News Pro - An emergency crew called out to manually apply handbrakes to a 268-car iron ore train in the Australian outback mistakenly put the brakes on the wrong train, according to a preliminary report into a runaway train derailment last year.

Mining News Pro - China`s steel and iron ore markets are currently crowded with an overload of information, much of it seemingly pulling prices in opposing directions.

Mining News Pro - Coal export of United States has reached the highest for the second time, due to the demand during the last years.

In Picture