China Approves USD2.6 Billion Plan to Build Three New Coal Mines

China Approves USD2.6 Billion Plan to Build Three New Coal Mines

China’s top economic planner has given the nod for three new coal mines, costing CNY18.2 billion (USD2.6 billion), to be built in the north of the country. One will be in Shanxi province and Inner Mongolia will house the remaining two, the...

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China proposes coal price cuts to ease burden on power producers

China proposes coal price cuts to ease burden on power producers

China is seeking to lower domestic coal prices to aid power producers, and has proposed that miners bring the benchmark grade to below 600 yuan ($87) a ton, according to people with knowledge of the matter. The National Development & Reform...

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Coking coal price to remain elevated in 2019— report

Coking coal price to remain elevated in 2019— report

In its latest industry trend analysis, Fitch Solutions sets the coking coal price forecast for 2019 at $195/tonne. The analysts predict prices will remain elevated, with strong demand from China’s steel sector as US-China relations...

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British Columbia miners post record revenues in 2018

British Columbia miners post record revenues in 2018

British Columbia’s mining sector posted positive results for the second straight year in 2018 coming off a period of lower commodity prices and reduced activity, according to PwC Canada’s latest BC Mine report. In total, BC miners...

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China to close over 1,000 unsafe mining sites in 2019 – state media

China to close over 1,000 unsafe mining sites in 2019 – state media

China aims to shut down more than 1,000 non-coal mining sites this year to preempt accidents as these production facilities do not meet the required safety standards, state-run newspaper Guangming Daily reported on Monday. Some of the mines...

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China’s Australian coking coal imports double in March from Feb

China’s Australian coking coal imports double in March from Feb

China’s imports of Australian coking coal nearly doubled in March from a month earlier, customs data showed on Thursday, as a flurry of shipments were accepted after being delayed at customs clearance for more than a month. Arrivals of...

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Teck Resources beats profit estimates on energy business

Teck Resources beats profit estimates on energy business

Canadian miner Teck Resources Ltd, the world’s second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices. The miner said...

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China boosts coal mining capacity despite climate pledges

China boosts coal mining capacity despite climate pledges

China added 194 million tonnes of coal mining capacity in 2018, data from the energy bureau showed on Tuesday, despite vows to eliminate excess capacity in the sector and to reduce fossil fuel consumption. Total coal mining capacity in the...

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China’s Feb coking coal imports from Australia fall 21%

China’s Feb coking coal imports from Australia fall 21%

China’s coking coal imports from Australia in February slumped 21 percent from a year earlier as lengthy customs checks on Australian cargoes at several ports delayed their arrival into the country. Australian imports were at 1.16 million...

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Chinese iron ore prices gain for sixth day on Vale disruptions

Chinese iron ore prices gain for sixth day on Vale disruptions

Chinese iron ore prices rose for a sixth straight session on Tuesday as Brazil’s Vale faced further restrictions at its iron ore operations, adding to concerns about tight supply of the steelmaking raw material. A Brazilian court on Monday...

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Chinese go-slow on Australian coal imports may be starting to show

Chinese go-slow on Australian coal imports may be starting to show

China’s unofficial go-slow on clearing Australian coal through customs didn’t show up in the first two months of this year, but it may now be starting to have an impact. Chinese coal traders are reported to have cut back on buying...

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