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Australia's Stanmore on Track to Restart Idled Isaac Plains Coal Mine in H1 2016
Dec 18, 2015Australia-listed Stanmore Coal has appointed mining contractor Golding to restart production at its Isaac Plains mine in the first half of 2016, the miner said in a statement to the Australian Securities Exchange Thursday. Stanmore ...
Tags: thermal coal, coal
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Iron Ore Majors Must Cut 'like It's 1994' to Halt Further Price Drop: Investec
Dec 16, 2015Major iron ore producers will have to cut production like aluminum producers did in 1994 to halt the current slump in spot prices, investment bank Investec said in a note Tuesday. "In our view if iron ore prices prevail at current levels ...
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China Sources 84% of H1 Iron Ore From Australia
Aug 1, 2015China's iron ore demand is falling, but its share of imports from mining giants Australia and Brazil is rising, which is squeezing smaller miners and curbing their supply. China imported 453.1 million mt of iron ore in January-June, with ...
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China to Eliminate Its 6% Tariff on Imports of Australian Thermal Coal
Jun 20, 2015Australian thermal coal shippers such as BHP Billiton, Glencore, Peabody Energy and Rio Tinto may potentially have to wait until June 2017 for China to eliminate its 6% tariff on imports of Australian thermal coal, the Australian government ...
Tags: Import Tariff, Thermal Coal
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Govt Is Supposed to Support China's Steel Industry
Mar 9, 2015Chinese steelmakers are facing more headwinds this year as economic growth slows and need government support to tackle long-term overcapacity, the chairman of Anshan Iron & Steel Group said. China's steel sector has been struggling with ...
Tags: Steel, Metallurgy, Mineral
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BHP Billiton Embarked on a Rapid Production Capacity Expansion Program
Jan 8, 2015December is normally associated with celebrating achievements and chalking out action plans for the year ahead. But for Andrew Mackenzie, the chief executive officer of mining giant BHP Billiton Ltd, December was the culmination of an ...
Tags: BHP Billiton, Miner
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SHFE Copper Prices Climbed on Wednesday, The Last Trading Day of 2014
Jan 5, 2015Shanghai Futures Exchange (SHFE) copper prices climbed on Wednesday, the last trading day of 2014. The market closed on January 1 and 2 due to the New Year holidays. The most-traded copper contract for March delivery on the SHFE ended at ...
Tags: Copper Prices, Copper
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Grib Diamond Is Arguably The Most Prospective of The New Generation of Diamond Mines
Nov 24, 2014The Grib diamond mine in Russia, owned by the somewhat unlikely candidate of oil supplier Lukoil, is arguably the most prospective of the new generation of diamond mines. Therefore, its launch of commercial mining earlier this year and the ...
Tags: Grib Diamonds, Diamonds
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Dominion Diamond Corporation Is Designed to Enhance The Company's Status
Nov 7, 2014The recent re-launch of the CanadaMark hallmark by Dominion Diamond Corporation is designed to enhance the company’s status as Canada’s primary diamond mining company. While CanadaMark is essentially a business-to-business (B2B) ...
Tags: Diamond, CanadaMark, Arts
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BHP Billiton Has Announced Its Production Results for The First Quarter Ended September 30
Oct 23, 2014Australian miner BHP Billiton has announced its production results for the first quarter ended September 30, 2014 of the financial year 2014-15, achieving a new quarterly record from its Western Australian iron ore operations with an iron ...
Tags: BHP Billiton, Output, Energy
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Chinese Shipping Industry Worked Hard to Keep out The Brazilian Ships
Sep 22, 2014Brazil iron ore producer Vale, which has not been allowed to dock its ships at Chinese ports, could soon get permission to unload. According to media reports, the Chinese shipping industry, led mainly by Cosco, worked hard to keep out the ...
Tags: Iron Ore, Chinese Ports
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Manganese Ore Shipments Decreased by 4.22 % in July
Sep 9, 2014In August this year, manganese ore shipments from Australia's Port Hedland totaled 257,000 metric tons, decreasing by 4.22 percent from 268,321 metric tons in July and up 183.98 percent compared to the same month of 2013, according to the ...
Tags: Manganese Ore, Mineral
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Iron Ore Shipments From Australia's Port Hedland Hit a New Record In August This Year
Sep 9, 2014In August this year, iron ore shipments from Australia's Port Hedland hit a new record monthly volume of 37.38 million metric tons, increasing by 3.59 percent compared to the previous volume in July and were up 36.47 percent year on year. ...
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BHP Billiton Has Announced Its Financial Results for The Year Ended June 30 This Year
Aug 21, 2014Australian mining company BHP Billiton has announced its financial results for the year ended June 30 this year. According to the company's financial statement, BHP Billiton has posted a net profit of US$13.83 billion for the financial ...
Tags: BHP Billiton, Financial Results, Energy
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Iron Ore Shipments Increased by 7.39 Percent and Were up 35.59 Percent Year on Year
Aug 12, 2014In July this year, iron ore shipments from Australia's Port Hedland increased by 7.39 percent compared to June and were up 35.59 percent year on year, totaling 36.08 million metric tons. The figure constitutes a 4.8 percent rise from Port ...