Global Coal Market: Potential Strike at Australia’s Port Hedland Could Bolster Iron
An impending strike at Australia’s Port Hedland could severely dent global iron ore supplies, bolstering prices for the base metal.
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FROM MINING.COM: BHP Submits License Request to Build World’s Largest Underground Coal Mine
Mining.com reported that BHP Billiton (ASX:BHP) is looking to build the largest underground thermal coal mine in the world, but could meet opposition from locals who have a stake in the proposed location at Liverpool Plains, Australia. As quoted in the publication: The mining giant has already submitted a licence request to the federal and state governments, saying the mine could produce 10 million tonnes of thermal coal a year, or more than 5% of…
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