China's National Development and Reform Commission (NDRC) said Tuesday that it will not seek to lower coal output in large scale, even as it continues to rationalize supply. This is provided that prices remain in a reasonable boundary. ...
Tags: Coal Mines, Coal
The North American coal industry remains negatively positioned for 2016 with thermal coal facing a slow, long-term decline and metallurgical coal prices unlikely to recover within the next 12 months, a Moody's Investors Service note said ...
Atlantic metallurgical coal buyers and miners Friday were positive on the reported $81/mt hard coking coal benchmark, with new spot US offers looking to match or exceed this reference. Some buyers were bracing for a settlement closer to ...
Tags: Atlantic Met Coal, hard coking coal, coke
Southern Coal Corp is seeing an uptick in demand for high-quality steam coal this year, but the metallurgical side of its business continues to lag, which is why the company has temporarily idled its Tams No 1 mine in Raleigh County, West ...
Tags: Steam Coal, steam coal production
Spot Asian coking coal prices moved sideways Monday as ominous signals from the Chinese steel industry, nagging concerns about lower costs and abundant supplies hurt trading sentiment. Lower domestic prices continued to be used as a key ...
Tags: coking coal, domestic prices
Brazil's Vale produced 1.785 million mt of coal during the first quarter, up 1.9% on the year to a record Q1 volume due to the ramp up of the Moatize mine in Mozambique, the diversified miner said in a production report published late ...
Tags: Vale, Coal Production, coal
The expected growth in global steel demand through 2050 may require a tripling of current seaborne metallurgical coal exports, which may be tough for miners to deliver, according to forecasts delivered Monday by two consultants. An annual ...
Tags: steel demand, steel production
Anglo American said Thursday that it increased output of iron ore and metallurgical coal in the first quarter ended March 31, mainly due to a ramp-up in operations. Iron ore production rose 10% year on year to 11.3 million mt on increased ...
Tags: Iron Ore, Coal Output
US miner Arch Coal on Tuesday cut its 2014 met coal sales guidance by 1 million short tons, to 6.3-7.3 million st, as shipments and pricing remain weak for the foreseeable future. Arch, in its quarterly earnings statement, said it expects ...
Tags: Soft Market, Arch Coal, miner
BHP Billiton has lifted its production guidance for Western Australian iron ore to 217 million mt for the 12 months to June 30, up by 5 million mt from its earlier estimate, the Melbourne-based miner said Wednesday. The "relatively ...
Tags: Iron Ore, BHP Billiton
Johannesburg-listed Keaton Energy produced 2.19 million mt of thermal coal from its Vanggatfontein Colliery in the financial year ended March 31, up 45% on the year, according to its production update released Wednesday. It said all the ...
Tags: Keaton Energy, Thermal Coal, coal sales
Miner BHP Billiton expects India to lead future demand growth for coking coal, as Chinese imports steady while global competition from suppliers in Australia, Russia and North America intensifies. The world's biggest seaborne coking coal ...
Tags: Coal Demand, coking coal, coking coal miner
Diversified miner trader Glencore Xstrata said Tuesday it sold 33.2 million mt of iron ore in 2013, a 68% annual rise in volumes, as it proceeds with studies for projects in Africa to gain marketing clout. As a relatively new entrant to ...
Tags: Iron Ore, Glencore Xstrata
Southern Coal plans to produce an additional 900,000 st of steam and metallurgical coal this year from two surface mines in eastern Kentucky that have been reopened and/or expanded, according to a senior company official. The Beech Creek ...
Tags: Coal, steam, metallurgical coal
Around a quarter of Australian metallurgical coal is sold on a spot basis following a significant increase in production and the fact that the primary buyer, China, prefers short-term pricing, an analysis of Platts data and a survey of ...
Tags: Coal Market, Spot Pricing