Southern Arc Minerals announced that it has agreed to sell its Taliwang project to Coke Resources in a cash and share deal. The company's 90%interest in the project will be sold to Coke for USD 500,000 and 15 million Coke shares.The ...
Tags: Minerals, Coke Resources, Arc Minerals, Coke
Imagine for a moment that you have a credit card with a limit of a few trillion dollars but with one caveat: you need to use those funds exclusively to provide for your family. It sounds easy, until you realize your “family” is ...
Tags: China, Canada, Metallurgy, Mineral Energy
SteelOrbis reported that on December 19 Hubei Province based Chinese steel producer Wuhan Iron and Steel Group announced that it will increase its investment in Chinese coal mining company China Pingmei Shenma Group by CNY 600 million. ...
Tags: steel, Wuhan Iron and Steel Group, investment, coal mining, coking coal
China Shenhua Energy Co, the listed subsidiary of state-owned Shenhua Group, said Friday it mined 24.2 million mt of commercially-ready coal in November, up 0.8% year on year. Over January-November, it mined a total of 279 million mt of ...
Tags: Shenhua Energy, Coal Output, Chemicals
Chinese demand for both Newcastle and Indonesian thermal coal was quiet Tuesday with high stockpiles and low domestic prices, sources said. The bid-offer spread has not narrowed and this is deterring deals, a Singapore-based source said. ...
Tags: thermal coal, FOB, NAR coal, CFR
PTI reported that Jindal Steel and Power expects to start supplying coal from its Mozambique cearly next year. Mr Naveen Jindal CMD of JSPL on the sidelines of a function said that “We were scouting for mines in Mozambique five to ...
Tags: Jindal Steel and Power, steel, power, mine
China-based U & D Mining's proposed A$71 million ($73.5 million) takeover of Queensland coal explorer Endocoal has been cleared by Australia's Foreign Investment Review Board, Endocoal said in a statement Friday. A letter dated December 5 ...
Reuters reported that Indonesia is considering whether to extend a divestment deadline for foreign mining companies beyond 10 years but no decision has been made. Mr Hatta Rajasa chief economic minister of Indonesia said that the ...
Global thermal coal market undergoes pangs of oversupply and poor demand. 2012 has been game changer with US emerging as potent supplier domestic energy demand being met by shale gas making coal mining redundant. However the vacillating ...
Tags: coal market, coal price, coal export, coal
Of the total coal exported from Port Waratah Coal Services' terminals at Newcastle port last month, 20% comprised coking coal -- around double from October's monthly volume -- as exporters stepped up their flow of higher-value coal cargoes ...
Kumba Iron Ore Limited ("Kumba") announces the appointment of Norman Mbazima as CEO, effective 1 September 2012, following the appointment of Chris Griffith as CEO of Anglo American Platinum Limited. Mr Mbazima has been CEO of Anglo ...
Tags: Kumba Iron, Metallurgy, CEO
Kumba Iron Ore announces the resignation of Chris Griffith and the appointment of Norman Mbazima as CEO and executive director of the Company The board of Kumba Iron Ore Limited("Kumba")announces the resignation of Chris Griffith and the ...
Tags: Kumba Iron Ore, CEO, Norman Mbazima, South African
Three of the four top cement players that have so far reported results for the March 2012 quarter, have recorded higher operating profit margins year-on-year. Some have improved it sequentially, too, helped by higher realisations. At Rs ...
Tags: market view, cement
Glencore International Plc, the largest publicly traded commodities company, reported record third-quarter output of thermal coal and a 33 percent jump in copper, saying it has the funds to spur further expansion. Coal used in power ...
Tags: market view, Coal