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Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in the short term on rising demand, analysts said on Thursday.
Coal with calorific value of 5,800 kcal/kg (NAR) was quoted in the range of 600 to 610 yuan ($87.8 - $89.2) a tonne. Prices of coal with calorific value of 5,500 kcal/kg were trading at 555 to 570 yuan a tonne, according to the Qinhuangdao Seaborne Coal Market. (www.cqcoal.com)
"In the next month or two, thermal coal prices are likely to rise, because it's hard for supply to catch up with fast-growing demand," said Henry Liu, an analyst with Macquarie.
"In addition, there are still uncertainties around small mines -- some of them are back in production, but how much capacity has returned is unknown."
China's coal output in July surged 14.8 percent on the year to 257.8 million tonnes, the National Bureau of Statistics said.
Coal stockpiles in Qinhuangdao fell 4 percent from a week earlier to 4.9 million tonnes by Wednesday, analysts said.
Source: Alibaba
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Thursday, 06 August 09
CASES FILED AGAINST ESSAR ALGOMA OVER TERMINATED COAL SHIPMENTS
Steel Guru reported that, It is reported that units of International Coal Group Inc and Arch Coal Inc have filed federal lawsuits in the same court ...
Thursday, 06 August 09
COMPULSORY MINE RECLAMATION PROPOSED FOR A MINING'S LIFETIME
Tambang reported that, A data from the Forestry Ministry showed that almost 65 percent of mining activities operated under contract of work, c ...
Thursday, 06 August 09
MINING PERMITS FOR THOSE COMMITTED TO SMELTER DEVELOPMENT ONLY
Tambang reported tht, Concrete and tangible endeavors are key to guarantee the attainment of added value from mining sector. The Indonesian Ministry ...
Thursday, 06 August 09
PRESS RELEASE - CZECH COAL CONTESTS THE J&T AND IPO MERGER
Prague, 3 August 2009 - The Czech Coal Group filed today objections to the proposed merger of the J&T Group and International Power Opatovice (I ...
Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...
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- Energy Link Ltd, New Zealand
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- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
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- The Treasury - Australian Government
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