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3 Types of Coal Mining
The coal sector has faced many obstacles through the years and today it’s no different. The sector continues to endure low prices and tough market conditions forcing many companies to cut back on operations and their workforce. The need for coal, however, is still prevalent.
Copper in supply deficit for fifth successive year
Is deflation looming? Or are the commodity markets warning of a major economic crash ahead? If one follows them one of these scenarios (or a combination of both) is looking very much on the cards. Take copper, renowned as a global industrial bellwether, for example. According to the latest estimates from the International Copper Study [...]
Global supply glut increases iron-ore downside risks – Moody’s
A growing oversupply in the iron-ore market was damaging the credit quality of producers and posed risks to the downside, Moody’s Investors Service noted last week in a sector comment; ‘Iron-ore supply increases pose risk to market fundamentals’.
Polish coal miner slashes production forecast amid restructuring
Poland-owned JSW, the largest coking coal miner in the European Union, has cut its 2014 production target by 9% to 12% and slashed investment in an effort to regain profitability after steep falls in coal prices and an ongoing corporate restructuring.
Copper price back below $3 on supply worries, Chinese GDP
In New York trade on the Comex market on Monday, December copper dipped to $2.9670 a pound, falling below the the psychologically important $3-level for only the second time since March’s near 4-year low.
The coal industry is in a state of denial – Russell
These days you would expect a gathering of coal industry executives to be a fairly gloomy affair, given the drop in prices to near seven-year lows, the increasing threat of regulation to control pollution and the general image of the fuel as the main climate change culprit.
Coal futures drop below $72 for first time since March 2009
European thermal coal futures dropped below $72/t for the first time since March 2009, on weakening demand from the region’s biggest economy, Germany, and rising output from miners worldwide.
Saxo Bank: Watch copper and gold in Q4
The fourth quarter of 2014 is likely to be a bumpy one for commodities and smart investors are going to have to factor in geopolitical risk, a rising US dollar and a slowdown in Europe in China if they are participating in the sector.
Rio Tinto defends expansion strategy as iron ore output surges
Rio Tinto reported a 12 per cent increase in iron ore production in the third quarter and defended its controversial expansion strategy , insisting it would increase returns for shareholders.
China shares end down on economic outlook, but coal sector strong
China’s shares eased on Monday in line with weakness in global markets as concerns mount over the health of major economies, but strength in the coal sector contained index declines.
Turquoise Hill cuts Oyu Tolgoi 2014 gold, copper output forecast
Turquoise Hill Resources Ltd on Tuesday reduced its 2014 forecasts for gold and copper production at the massive Oyu Tolgoi copper-gold mine in Mongolia because of delays in mine development in the third quarter.
Rio Tinto Iron Ore Output Climbs 13% Into Price Slump
Rio Tinto Group (RIO), the world’s second-biggest iron ore exporter, said third-quarter production rose 13 percent, adding to a global glut of the steelmaking material that’s pushed prices to five-year lows.
Не раскачивайте цистерну Дефицит бензина в Сибири: история одной паники
«В Новосибирске заканчивается бензин», «В Алтайском крае запасов бензина на несколько дней», «На заправках Иркутска дефицит бензина» — таковы газетные заголовки последних дней. Сложные взаимоотношения на рынке, техногенные инциденты, плановые профилактические работы и стремление нефтяных монополистов получить дополнительную выручку напрямую с автовладельцев способны вызвать бензиновый кризис на многих автозаправках Сибири.
Aspire Mining closer to unlocking Ovoot riches with Government rail support
Aspire Mining (ASX:AKM) has received support from the Mongolian Government with its proposed Erdenet to Ovoot Railway included in its List of Approved Projects.
Nationalism, Pastoral Nomadism, and Political Risk to Natural Resource Investments in Mongolia: Case Studies of the Aluminum Corporation of China Limited (Chalco) and Rio Tinto
Mongolia stands at a critical juncture between the rewards of natural resource development and the challenges of modernization. On the one hand, it offers abundant opportunities in the natural resources sector and is located near growing and resource-starved industrial nations of East Asia. At the same time, the presence of autocratic neighbors impose international instability [...]
MONGOLIA: OT mess holds up Mongolia’s advance
Falling commodity prices have hurt Mongolia’s economy, which relies heavily on its abundant natural resources. Improving relations with China are helping it through the squeeze but the country has yet to show its true potential to global investors
Mining in MONGOLIA getting back on track
The efforts of Robert Friedland and his team have paved the way for other mineral explorers in this under-explored country. It is hoped that new mining regulations and a tax settlement regarding the strategic partnership between the Government of Mongolia, Turquoise Hill Resources and Rio Tinto (Oyu Tolgoi LLC) will bring back foreign investment.
China to again levy coal import tariffs after nearly a decade
China, the world’s top coal importer, will levy import tariffs on the commodity after nearly a decade, in its latest bid to prop up ailing domestic miners who have been buffeted by rising costs and tumbling prices.
Glencore Would Gain Rio Iron in Merger, Combine Australian Coal
A merger between Glencore Plc and Rio Tinto Group would combine Glencore’s vast commodity-trading operations with Rio’s giant portfolio of iron ore projects that feed Chinese demand for construction materials.