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News

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Source: Mining Weekly, May 25, 2019

India to surpass China as largest import...

Fitch Solutions maintains its forecast for an average coking coal price of $195/t for this year, stating that prices will remain elevated, with strong demand from China’s steel sector, as US–China relations continue to deteriorate and... Continue reading

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Source: S&P Global, May 24, 2019

Chinese users buy US coking coal amid lo...

The Chinese market saw the conclusion of two trades of US Buchanan coking coal with 40% CSR, 18%-19%VM, 7%TM and 5-6% Ash as offers, excluding 3% import duty and 25% tariffs, have fallen to entice buying interest, Platts confirmed Thursday.

... Continue reading

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Source: REUTERS, May 24, 2019

Adani's coal hopes look increasingly iso...

How’s this for a study in contrasts: One of the world’s biggest coal miners effectively says the industry is dying just days after Australia’s opposition party suffered a shock election loss, partly blamed on its failure to unamb... Continue reading

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Source: Financial Review, May 24, 2019

Adani approval would pave way for other...

Approval of Adani's Carmichael mine would clear the path for progress on other coal mine projects in Queensland's Galilee Basin, according to Queensland Resources Council chief executive Ian Macfarlane.



His statement comes amid s... Continue reading

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news
Source: REUTERS, May 24, 2019

French bank SocGen further reduces busin...

French bank Societe Generale said it was further reducing its servicing the coal industry, as financial companies and banks around the world gradually withdraw from fossil fuel industries to protect the environment.



SocGen said it would... Continue reading

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Source: REUTERS, May 24, 2019

Russia's Mechel says Q1 core earnings fa...

Russian steel and coal producer Mechel said on Thursday its first-quarter core earnings fell 17 percent to 15.3 billion roubles ($236.62 million), down from 18.4 billion roubles in the first quarter of last year.



Net profit rose to 11.3... Continue reading

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