The gold industry is not doing enough to combat debt and rising losses and not investing enough in exploration, Randgold CEO Mark Bristow said Tuesday. "A number of major companies in the industry today are simply not viable," Bristow ...
Tags: gold industry, Mines
The Singapore Exchange is increasingly taking on a bigger share of coking coal futures volume, latest trade data showed Tuesday. The SGX's FOB Australia Premium Coking Coal Futures contract made up 285,000 mt in trade November, up from ...
Tags: SGX, Coking Coal, iron ore, thermal coal
Indonesia's state-owned oil and gas company Pertamina has signed a heads of agreement for a $5.5 billion upgrade of the Cilacap refinery with Saudi Aramco, president director Dwi Soetjipto said in a statement Thursday. The project is ...
Tags: crude distillation, refinery, sour crude
Polyethylene shipments from Singapore to India are expected to pick up in the long term following a free trade agreement taking effect December 1, sources said Friday. But sources in both markets do not expect this to have much impact ...
Tags: Polyethylene, Polymer, LLDPE plant
Venezuela's polypropylene producer Propilven is considering an expansion project and a new line at its Ana Maria Campos petrochemical complex, a source with knowledge of company operations said Monday. "The short-term project under ...
Tags: Propilven, Polypropylene, homopolymer
The Northwest European styrene monomer premium over feedstock costs has increased by Eur14/mt in December on the month, a rise of 6%, Platts calculations show. The premium hit a 2015 low in November. The December styrene contract price ...
Tags: styrene, ethylene, Ethyl-benzene
LyondellBasell subsidiary Equistar Chemicals has ended a force majeure declaration on polypropylene produced by its Bayport Polymers facility in Pasadena, Texas, the company said in a letter to its customers Tuesday. The force majeure was ...
Tags: polypropylene, Polymers, Chemicals
Australian miner Roy Hill said Tuesday the first vessel has docked at its newly completed South West Creek Wharf in Port Hedland in readiness for loading iron ore fines and lump from its new mining operation. The vessel MV Anangel ...
Repairs to reinforce the sills of the Panama Canal's new locks, which were found to be deficient earlier this year, will be completed by January 2016, the Canal Authority of Panama (ACP) said Tuesday. During routine operational testing of ...
Tags: ACPH, Locks, LNG-tanker traffic
Vietnam National Coal-Mineral Industries, or Vinacomin, plans to import 1.5 million-2 million mt of coal in 2016, up from about 500,000 mt this year, the company said Thursday. Vinacomin's coal imports are expected to hit 10 million mt in ...
Ukraine is seeking extra imports of anthracite coal from South Africa and other sources on looming shortages after supplies from Russia and territories controlled by pro-Russian separatists in Donetsk and Luhansk regions were suspended, ...
Tags: Coal, anthracite, natural gas
The UN global climate negotiations in Paris starting Monday are likely to drive further investment in renewable energy, prompt a switch to electrification in heating and transport and further curb coal-fired power, Swiss bank UBS said in a ...
Tags: coal-fired power, decarbonized economy, wind, solar
Turkey's October imports of bituminous thermal coal rose to an all-time monthly high of 2.921 million mt, following record shipments of Colombian and Russian coal, according to data from the Turkish Statistical Institute (TUIK). October ...
Tags: Thermal Coal, coking coal
Utilities are burning less coal than they previously expected, a survey the US Surface Transportation Board conducted shows. During a Rail Energy Transportation Advisory Committee hearing Tuesday in Washington, committee member John Carr, ...
Tags: natural gas, Coal Generation
French prompt power prices fell Thursday after demand forecasts for Friday and into next week were revised lower amid an expected increase in wind generation in France and Germany, sources said. Friday baseload was last heard trading at ...
Tags: power prices, Gas, coal