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Metallurgical coal spot prices reach US$209/short t
As of 22 September 2016, metallurgical coal spot price reached US$209/short t.
Mongolia to get rid of economic difficulties to help Asian investment bank: want to repair the railway connecting Europe transit China
The recent economic crisis hit Mongolia, the Northeast Asia country has to giant tower temperature Tolgoi to restart the stalled (Tavan Tolgoi) coal mine, in addition, Mongolia also want to start some railway projects, the investment bank and intends to set up to help China initiative, in order to attract investment and promote trade, deal [...]
Turquoise Hill Resources Receives Average Rating of “Hold” from Analysts (NYSE:TRQ)
Turquoise Hill Resources (NYSE:TRQ) has been assigned an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective [...]
Rio Tinto is no longer worried about China’s growth
World’s second largest miner Rio Tinto (ASX, LON:RIO) injected some much-needed optimism in the markets Monday by saying that while China’s short-term demand remains difficult to read, the long-term outlook is looking much brighter than a few months ago.
Economic collapse, Mongolia, China to restart the Tao Le cover coal mine tender: Shenhua two setbacks in the project
In order to stimulate its economy, Mongolia is expected to restart in the south of the country, the world’s largest coal tower Tolgoi tender.
Coking coal prices are on fire — up more than 80% in six months
Prices of coking coal, the steel-making kind, keep soaring on slowing supply growth from China and increased demand from Indian steel mills.
Mongolia asks Rio Tinto to speed up work on giant copper mine
Mongolia’s prime minister has asked Anglo-Australian miner Rio Tinto to step up the pace of construction at the giant Oyu Tolgoi copper-gold mine, part of efforts to revive the country’s debt-ridden economy.
Erdene provides update on gold projects in Mongolia
Erdene Resource Development Corp. (TSX:ERD) (“Erdene” or “Company”), is pleased to provide an update on its 100%-owned Bayan Khundii Gold Project (“Bayan Khundii”) and Altan Nar Gold-Polymetallic Project (“Altan Nar”). In advance of the resumption of drilling in September 2016, the Company has been carrying out extensive technical studies on the styles and controls of [...]
Growth in Chinese thermal coal imports won’t last
Recent increases in thermal coal imports in China may appear promising, but a new report from BMI Research states that Chinese coal consumption has already peaked. BMI forecast that Chinese coal imports will continue to grow strongly for only a few months; after that, there will be a gradual decline in coal imports from 2017 [...]
Copper price is going nowhere
Credit ratings agency Moody’s warned at the beginning of the year that the current downturn in raw materials was like no other and that defaults among mining and metals companies could reach levels last seen during the height of the financial crisis.
Aspire starts feasibility study for Mongolia rail project
Mongolian metallurgical coal explorer and infrastructure company Aspire Mining has started the first stage of the rail feasibility study for the Erdenet to Ovoot railway, which is critical to the development of the Ovoot coking coal project.
Coal’s rally is at risk from lower China imports in August
If you believe that thermal coal’s rally this year has been largely on the back of rising Chinese imports, it follows that any sign of moderation in demand in the world’s biggest buyer would raise a red flag of caution.
China’s Closing Coal Mines Too Slow to Meet Capacity-Cut Targets
China urged state-owned coal producers to accelerate mine closures in order to meet year-end targets as part of President Xi Jinping’s drive to curb industrial overcapacity.
$60 iron ore price see Australia, Brazil lose market share
The import price of 62% Fe content ore at the port of Tianjin jumped back above $60 per dry metric tonne level on Friday according to data supplied by The Steel Index.
Copper price falls again despite monster Chinese imports
In New York trade on Tuesday copper for delivery in September suffered another down day despite indications of continued strong Chinese demand.
China’s war on coal keeps fuelling prices recovery — up 30% since April
Despite grim outlooks and US-led global efforts to reduce dependence on fossil fuels, the coal industry is experiencing an unexpected but welcome windfall with prices for the commodity soaring more than 30% in the last four months.
Copper production growing by 1m tonnes a year
Global copper production capacity at mine level through 2019 is expected to grow at a robust average annual rate of 4% to reach 26.5 million tonnes (mt) a year in 2019, according to a new report by the International Copper Study Group.
Turquoise Hill Resources Ltd. (TRQ) Shares are Down -2.24%
Turquoise Hill Resources Ltd. (TRQ) has risen sharply, recording gains of 8.05% in the past 4 weeks. However, the stock has corrected -2.24% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.21% in the past 4 weeks, but has [...]
Thermal coal price hits 10-month high as Chinese buyers snap up cargoes
A crackdown by the Chinese government on surplus thermal coal has had a knock-on effect on the price – spelling good news for miners of the fuel that investors and energy consumers love to hate.
Copper’s $149 Billion Mine Pipeline Stalls as Deficit Nears
The $149 billion pipeline to expand the world’s copper supply is running into trouble.
Coal after Paris
The December 2015 Paris Agreement aims to hold the average global temperature increase to well below 2°C and to pursue efforts to limit the global temperature increase to 1.5°C. Greenhouse gas (GHG) emissions should peak as soon as possible and then reduce rapidly after peaking, to reach a balance between GHG sources and sinks by [...]
Bill Gates and other billionaires backing a nuclear renaissance
Let’s for a second imagine a world without nuclear energy. That’s a tough one but let’s try. No nuclear bombs, of course, no Chernobyl and Fukushima, no worries about Iran and North Korea. A wonderful world, maybe?
Rio Tinto clashes with Bernstein over Mongolian mine report
Rio Tinto and Bernstein Research have clashed over a report that examined the investment case for the miner’s flagship copper mine in Mongolia.
Copper stocks deep into red as gold miners surge
It was a tale of two markets on Friday as the shares of diversified mining majors were dumped and gold stocks surged after the UK’s vote to leave the European union wreaked havoc on financial and commodity markets.
Are copper and China set to rally?
In marked contrast to gold, copper looks to be set up for a sizable rally here. On its one-year chart we can see that after its significant drop during May and early June, it is down on an important support level that is certainly capable of generating a rally, despite its still bearishly aligned moving [...]