www.unuudur.com: The latest news of Mongolia in the World

Mongolian coal producer SouthGobi Resources Ltd. has been forced to suspend mining operations from this month after an outbreak of Covid-19 closed the border to its customers in China, the company said in a statement on Tuesday.

Truck after truck as far as the eye can see, as COVID-19 rules hold up drivers on China-Mongolia border. Truckers are increasingly desperate to deliver their coal cargoes after months of brutal delays and no pay.   Watch video: https://beta.dw.com/en/coal-truckers-stuck-at-mongolia-china-border/video-59640363  

A report by Fitch Research predicts that metallurgical coal prices will decline from their current high levels over the next 18 months.

Benchmark seaborne thermal coal prices jumped to $120.10 per tonne on Thursday, its highest level since November 2012, thanks to tight supply in key Asian export regions. Measured from lows hit end-2015, early 2016 coal used in power generation has gained 140%.

The latest trade data from the Australian Bureau of Statistics shows that coal exports in 2017 were valued at AUS$56.5 billion, 35% higher than in 2016. This is the highest ever annual value of coal exports – the previous record was AUS$46.7 billion in 2011.

Chinese imports of coal from key supplier Australia slipped in November from a year ago, customs data showed, hit by heavy traffic congestion in Australian ports.

The idea of coal as a scarce commodity seems somewhat preposterous given it remains one of the most abundant mineral resources on the planet, but the coming years may see a deficit in seaborne markets for the polluting fuel.

Aspire Mining (ASX:AKM) has been granted and received a mining licence covering 860.9 hectares of its 90%-owned Nuurstei Coking Coal Project located in Mongolia.

Coal is dead. Coal mining is a sunset industry. Donald Trump is crazy if he thinks he can revive Big Coal. While all these statements have become part of global consciousness when it comes to the future of the much-maligned fossil fuel, a report by Urgewald, a Berlin-based environmental group, casts doubt on at least [...]

A boom in the coal trade in Mongolia has helped elevate the country’s benchmark stock index and pump the tiny exchange’s market capitalisation to five-year highs as optimism about the economy grows following a bailout deal.

Монголия, регулярно сталкивающаяся с проблемами при вывозе своего угля в Китай, пытается переключить часть экспорта на российский Дальний Восток. Пока предполагается отгрузка небольших партий через Восточный порт в Находке. По мнению источников “Ъ” и экспертов, при реальной потребности Монголии в диверсификации поставок это соглашение выглядит скорее политическим и монгольский уголь будет конкурировать за портовые мощности [...]

China’s largest coal miner Shenhua sees spot prices around 550 yuan ($83) per tonne with supply stable going into winter, the company said on Monday, easing worries that a cut in coal output could fuel another rally in prices.

China Shenhua Energy Co. Ltd has suspended operations at two large open-pit coal mines in northern China, it said late on Thursday, a move that could benefit producers across the border in Mongolia.

Mongolia’s coal export trade grew more than fourfold in the first half of 2017, with the country benefiting from China’s ban on imports of the commodity from North Korea and curbs on deliveries into smaller ports.

China’s coal imports from Mongolia and Russia rose in June as utilities and steel mills sought out less expensive raw materials even as the government tried to curb purchases of foreign fuel.

The price of coking coal jumped on Friday with the industry benchmark price tracked by the Steel Index up 2.8% to $167.60 a tonne. Premium hard coking coal prices (FOB Australia) are now at the highest level since mid-May.

Aspire Mining Ltd (ASX:AKM) and its rail subsidiary, Northern Railways LLC have attended a conference in the Russian city of Kyzyl.

Metallurgical coal miners could be exposed to more pricing volatility if a move afoot to do away with quarterly pricing comes to anything.

As the Mark Twain saying goes: Reports of my death are greatly exaggerated. And so have been the green activist reports of the death of coal, and more broadly, the resources sector.

May 17 Coal exporters may be feeling more comfortable about their future as they see both reasonable demand from Asia’s top importers and prices which appear to be stabilising at levels that allow for decent profits.

May 16 Mongolia’s economy, which grew only 1 percent in 2016, expanded 4.2 percent in the first quarter from a year earlier, buoyed by the coal sector’s turnaround, government data showed on Tuesday.

Mongolian metallurgical coal explorer and infrastructure company, Aspire Mining Limited (ASX: AKM, the company or Aspire), has announced that it has received an Expression of Interest (EOI) to fund a modular coal handling and processing plant (CHP) proposed to be established at the Nuurstei coking coal project (Nuurstei Project) mine.

Have suspended our mining works relating to overburden removal and coal excavation in khushuut coal mine for saving operation costs

The price of coking coal plunged again on Monday with the industry benchmark price tracked by the Steel Index dropping 6% or $12.40 to $199.40 a tonne as the impact of supply disruption following tropical storms in Australia appears to have been less than previously thought.

China’s coal imports from the seaborne market fell in April, with top exporting countries unable to fully cash in on the loss of Australian shipments in the wake of a powerful cyclone that knocked out mines and infrastructure.

The price of coking coal plunged again on Friday with the industry benchmark price tracked by the Steel Index dropping 9% or $26.10 to $263.40 a tonne as supply disruption following tropical storms in Australia begin to ease.

The price of coking coal dropped sharply on Thursday with the industry benchmark price tracked by the Steel Index losing 4.6% to $289.50 a tonne as supply disruption following tropical storms in Australia begin to ease.

Aspire Mining (ASX:AKM) has received results from a conceptual mining study evaluating the viability of a mining operation at its 45% owned Nuurstei Coking Coal Project in Mongolia.

The price of coking coal gapped higher again on Thursday with the industry benchmark price tracked by the Steel Index surging 4.6% to $314.00 a tonne due to continued supply outages following tropical storms in Australia.

The market for coking coal took another leap on Monday with the steelmaking raw material surging more than 6% to $300.30 (Australia free-on-board premium hard coking coal tracked by the Steel Index), a 19-week high.