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China risks wasting $490 billion on unneeded coal plants — study
China risks flushing down the toilet half a trillion dollars on new coal plants, which according to a study released Monday, the country doesn’t even need.
Dr. Copper hints mining sector officially out of intensive care
Copper, until recently one of the worst performing commodities in the past two year, is having a great month, with prices up about 20% to more than $5,700 a tonne Thursday.
Chinese policies to support higher coal prices Save to read list
Chinese government policies are expected to support a medium-term thermal coal prices of US$73 per tonne, according to a new report from Wood Mackenzie.
China relaxes coal mining restrictions as supply tightens
China’s top planning body has reversed some of the restrictions imposed in March to local coal miners, as reduced output has dramatically increased prices for the nation’s top energy source.
Of 22 banks polled NO-ONE sees copper price rally continue
The surge in the copper price to near 18-month highs following Donald Trump’s win in the US presidential election came as a surprise to an industry under pressure since 2011 over growing supply.
China reverses coal mining curbs as winter approaches
China adopted new rules to stimulate coal production on Thursday to counter surging prices and Premier Li Keqiang said the country had to balance demand for heating over winter with efforts to tackle pollution.
Can Trump really revive the U.S. coal industry?
With the election of Donald Trump as President, forecasters and analysts are dashing to determine how his policies are likely to affect global energy. It’s likely that his measures will benefit oil and gas, though his consistent vagueness and apparent confusion over industry fundamentals makes that somewhat unlikely.
Warnings as copper price surge continues
While gold’s initial rally following Donald Trump’s victory in the US presidential elections have evaporated, the rally in industrial metals continued on Friday with the copper price jumping to a 17-month high.
TerraCom signs Mongolian coal deal
Australian listed coal company TerraCom Limited (ASX: TER), through its Mongolian subsidiary, has executed binding long form definitive agreements with a wholly owned subsidiary of the Kingho Group, one of the largest private coal companies in China, for a 5.5-year offtake of hard coking coal produced from the Baruun Noyon Uul Coal Mine in the [...]
Copper price jumps to 6-month high
In early trade on Monday copper for delivery in December touched six-month highs with copper futures exchanging hands for $2.3125 per pound in New York and topping $5,000 a tonne in London dealings for the first time since end-April.
Electric cars to reshape copper and oil demand
According to Bloomberg New Energy Finance, EVs could displace 2 million barrels a day of oil demand as early as 2023. “That would create a glut of oil equivalent to what triggered the 2014 oil crisis.”
6 reasons coking coal price will tank
Coking coal prices continued to defy gravity on Friday trading at $270.50 a tonne after 18 straight sessions without a down day. According to data provided by the Steel Index premium Australia hard coking coal prices are up nearly four-fold since hitting multi-year lows around $70 a tonne in November last year.
Rio Tinto set to quit Guinea iron ore project with sale to Chinalco
Rio Tinto (RIO.AX)(RIO.L) has signed a preliminary deal to sell its stake in Guinea’s Simandou project to Chinalco (3668.HK), it said on Friday, injecting impetus into the long-stalled scheme to develop the world’s largest untapped iron ore reserves.
Rio Tinto upbeat on Oyu Tolgoi expansion
An improved outlook for copper and gold has helped add $US1.3 billion ($1.7bn) to the value of the $US5.3bn expansion of Rio Tinto’s Oyu Tolgoi copper and gold mine, which the miner says could ramp up in seven years to release $US1.5bn of annual free cash flow.
All these Australian mines are reopening thanks to the rally in coal prices
An ongoing rally in the price of Australia’s key exports, mainly coal and iron ore, is prompting miners to restart projects and resume operations at mines that were shut only a few months ago, when both commodities were trading close to 10 years-lows.
No stopping insane coal price rally
The price of both thermal and coking coal gained again on Monday with the Australian export benchmark shrugging off news that Beijing will further relax restrictions on some domestic miners to meet winter demand.
China’s steelmakers the relative winners in coking coal surge: Russell
While no steel maker will be happy with the explosion in coking coal prices, Chinese mills are the best placed to deal with the impact, given they are nowhere near as exposed to spot prices as competitors in the rest of Asia and Europe.
TerraCom signs offtake agreement for Mongolian coal
TerraCom has agreed a 5.5 year offtake agreement for hard coking coal (HCC) from the BNU coal mine in South Gobi, Mongolia, with Kingho Group, one the largest private companies in China.
Turquoise Hill Resources Ltd. (NYSE:TRQ) currently has Insider Ownership of 49.5%
Turquoise Hill Resources Ltd. (NYSE:TRQ) traded with the volume of 2.14 Million Yesterday. The Stock Opened its session at $2.99 and closed at 3.04 by showing an increase of 2.36 percent. Turquoise Hill Resources Ltd. has 1 year price target of 4. The stock gained a consensus recommendation of 3 on Zacks Investment Research where [...]
Thermal coal just hit $100 per tonne and may stay this high until 2017
The amazing rally in thermal coal reached a whole new level Tuesday after Australian spot prices hit $100 per tonne for the first time since 2012.
Is Selling Stock Like Turquoise Hill Resources Ltd After Such Decline Winning Strategy?
The stock of Turquoise Hill Resources Ltd (TSE:TRQ) is a huge mover today! About 192,147 shares traded hands. Turquoise Hill Resources Ltd (TSE:TRQ) has risen 9.12% since March 10, 2016 and is uptrending. It has outperformed by 3.50% the S&P500.
Wind, solar power plants cheaper than coal in a decade
While met coal is clearly the star performer of the 2016 rally in mining and metals, thermal coal is probably the biggest surprise – seaborne prices are up 65% in 2016 to above $80 a tonne.
Copper price slump devastating Chile state finances
Amid a broad rally in mining and metals, the red metal’s performance has been lacklustre managing only a 2.2% gain in 2016, following a drop of 26% last year.
Futures markets point to ‘overcooked’ coking coal price
Metallurgical coal was exchanging hands at $213.40 on Tuesday according to data provided by Steel Index, where it has been most of this week as Chinese traders enjoy the annual Golden Week holiday.
Rio CEO Says Mongolia Won’t Receive Mine Dividend for 10 Years
Rio Tinto Group said Mongolia won’t receive any dividend from the giant Oyu Tolgoi mine for 10 years as the world’s second-biggest mining company prioritizes completing a $5.3 billion underground expansion.
China to reach target in cutting coal overcapacity by year-end
China’s effort to cut surplus capacity in the coal industry and, at the same time, manage pollution in most of its major cities, are paying off earlier than anticipated, with the world’s largest producer of the commodity anticipating it will reach its targets by year-end, which is earlier than planned.
Extreme pollution forces China to shut down hundreds of coal, steel operations
China is stepping up its war on pollution by forcing hundreds of coal and steel companies to close or slash output in light of their transgressions to environmental and safety regulations.