Coke
Glencore reported that its HI coking coal production stood at 71.2 million metric tonnes, up by 5 pct from 67.8 million metric tonnes of the same period last year.
Sol Mineracao Mozambique, the subsidiary of Sunflag Iron and Steel Company has planned to make an investment of about $222 million for its new coking coal mining projects in mineral rich Tete province.
Based on the data compiled by Turkish Statistical Institute, Turkey’s net coking coal imports in May 2014 was about 720,973 metric tonnes, increased by 16.52pct YoY.
International Coal Ventures PVT LTD has agreed to buy the Benga mine in Mozambique from Rio Tinto.
Exxaro Resources during Monday announced that they had acquired the South African coal assets of France’s Total for about $472 million.
ASX listed Fox Resources could increase their reserves as they confirmed the lateral continuity of the modeled coal seams at its Bundaberg Coking Coal Project, located in the Maryborough Basin, Queensland.
NALCO (National Aluminium Company) is planning to acquire a coking coal in an African nation, which is having a bilateral relation with India, said Mr. Ansuman Das, CMD during a seminar organized by Odisha Confederation of Indian Industry (CII).
SAIL (Steel Authority of India) decided to increase the coking coal imports by more than 60 pct with in next two years as they expand its steel production capacity.
Whitehaven Coal Ltd reported a great increase in its annual production after the developing its Australian mining operations. This adds up in the global oversupply of the fuel which leads to multiyear lows in prices.
New World Resources and New World Resources N.V said that they have reached an agreement with customers for the coking coal prices for Q3 2014.
ASX listed company Viking Mines has signed a third future coal supply pact with a Mongolian joint stock industrial firm for its Berkh Uul Bituminous Coal Project.
ASX listed A-Cap Resources has commenced diamond drilling at its Mea and Bolau coking coal projects in Botswana for establishing Indicated Resources through which it could deliver around 1-2 million tonnes per annum.
International Coal Ventures PVT LTD (ICVL), a group of PSU companies for buying mines abroad is probably to submit a bid of about USD 200 million to major miner Rio Tinto for buying all its three coking coal mines in Mozambique.
ASX listed company South East Asia Resources has got funding of about USD 1 million from Wide Bay Limited for continuing the production at its PT PAR coking coal product, located in East Kalimantan, Indonesia.
Bathurst Resources, ASX listed company can move on with the operations in its Escarpment Mine Project in New Zealand for the production of coking coal, once global prices of coking coal recover.
Due to the industrial battle for job cuts and mine closure, BHP Billiton decide to pull back its activity at Goonyella coking coal mine in Queensland for avoiding the operations slipping into the red.
Aspire Mining, ASX listed company agreed to make alliance with Noble Group by signing an agreement to buy 50 percent share in the Ekhgoviin Chuluu Joint Venture (ECJV), which has a 60 percent share in the Nuurstei Coking Coal Project in northern Mongolia. According to the agreement signed, the project will be bought from Xanadu Mines at a reasonable rate and the remaining fifty percent will be held by Noble.
West Cumbria Mining Company has planned to open a new coking coal project close to the former Haig Colliery in Whitehaven of West Cumbria.
Due to the continuous weakening of high grade coking coal price, there would be jobs cuts at Solid Energy's main open cast coking coal mine, Stockton.
The world's largest steel maker, Arcelor Mittal said during Tuesday that it was planning to shut down its coking plant in the Belgian city of Liege as it failed to find out a buyer for the plant.
Kardemir, Turkish steel producer will soon be set to give a tender for about 600,000 million tones of coking coal, followed by various offers several weeks ago, a source related with the process said during Monday.
Balamara Resources has got a direct equity investment of US$ 5 million into its Nowa Ruda Coking Coal Project in Poland in order to strengthen the ongoing feasibility and resource drilling
The Cobbora Coal Mine future is still in an uncertain condition, despite the reception of Planning Assessment Commission (PAC) approval. Gabrielle Kibble AO, David Johnson and Paul Forward, the members of PAC attained a determination and issued a planning approval recommendation on May 9.
The Confederation of Indian Industry (CII), keeping in mind national interest, pitched for making coking coal assets for the domestic steel industry.
Glencore Xstrata has started decreasing its coke production in Australia and going to give more focus on its thermal coal mines due to sign of starting of increased exports to sort the wheat from the chaff in the coking coal industry in Australia.