US-based coal producer Walter Energy, Inc. has announced that it will begin idling its Canadian operations, including the Wolverine and Brazion coal mines in British Columbia, this month, due to the unfavorable coal pricing environment. ...
Tags: Coal Mines, Walter Energy, mine
Mechel, one of the leading Russian mining and steel companies, has announced that its contract with Baosteel Resources, the raw materials-focused wholly-owned subsidiary of Chinese steelmaking major Baosteel, which provides for an increase ...
Tags: mining, steel companies, Mechel
India imported around 14.9 million mt of coal at 21 major ports in March, up 41.7% from February, according to data released Monday by Indian ship broker Interocean. The March imports included 11.3 million mt of thermal coal, up 35.9% ...
Tags: Coal Imports, coal, thermal coal
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
In the week ended March 31, coal shipments from the Port of Newcastle in Queensland, the coal producing state of Australia, totaled 2.84 million mt, according to Newcastle Port Corporation. The figure constitutes an increase of 1.6 percent ...
Tags: Coal Exports, Newcastle Port
Port Waratah Coal Services' export terminals at Australia's Newcastle port shipped 2.35 million mt of mostly thermal coal to China in March, down 6% from February, the operator said in a report Tuesday. China's offtake represented 26.3% ...
Tags: Coal, thermal coal, coal shipments
Australian coking coal producer Beacon Hill Resources has announced its interim results for 2013, reporting a net loss of $19.24 million, narrowing down from the net loss of $45.13 million in the previous year. The company's revenues ...
Tags: Coking Coal, Beacon Hill Resources
Softer coastal freight rates for shipping domestic thermal coal from northern to southern ports in China has put seaborne-traded cargoes at a slight price disadvantage, and renewed downward pressure on CFR South China prices, said traders ...
Russian coking coal producer Raspadskaya lost a net $126 million in 2013, quadrupled from a net loss of $29.5 million a year ago, as its share of exports in its overall sales volumes grew to 42% due to weaker domestic demand, Raspadskaya ...
Tags: Coking Coal, Miner, integrated mining
The UK's imports of thermal coal in January rose 14% on the month and 3% on the year to 3.46 million mt, according to customs data released Friday. The month's jump in imports was driven by an 84% increase on the month in deliveries from ...
Tags: Thermal Coal, thermal coal imports
Shanghai Futures Exchange (SHFE) launched trading of hot rolled coil (HRC) futures contracts today, March 21, offering another hedging tool for steelmakers amid growing price volatility. The most traded HRC contract for October delivery ...
Speaking at the 4th Global Coking Coal Resource & Market Summit 2014 held in Taiyuan, Wang Yingsheng, director of market research at the China Iron and Steel Association (CISA), stated that in the current year China's steel consumption will ...
Tags: Steel, Metallurgy, Mineral, Iron
Indian steelmaker Jindal Steel and Power will stop buying coking coal from Australia within three months, as the company has its own coal mines in the country, according to Reuters. This is seen as a move that could further soften commodity ...
Tags: Jindal Steel, Coking Coal, coal mines
Ukrainian coal production in February rose 2.1% to 6.88 million mt from 6.74 million mt in February 2013, but was down from 7.01 million mt in January, the energy and coal industry ministry said Wednesday. February output of thermal coal, ...
Tags: Coal Production, thermal coal, coking coal
South Africa-based miner Coal of Africa has announced that in the first six months ended on December 31 it registered a net loss of $46.3 million, down from a net loss of $111.7 million in the corresponding period of the previous year. In ...
Tags: Coal, Mineral, miner Coal