Mozambique Oil & Gas: “LNG glut smaller than predicted” – Report says

Research by Bloomberg has found that the global oversupply of liquefied natural gas (LNG) will be one-third less than expected. A positive development for Mozambique, a country that is poised to become the world’s third-largest LNG exporter next after Qatar and Australia. Advertisements

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Mozambique Mining: Australia Cyclone, Chinese demand boost Vale Moatize coal mine

Bad weather in Australia and improved demand in China were the factors driving the higher metallurgical (or coking) coal prices during the second quarter of this year (2Q17), compared with the first quarter (1Q17). So stated Brazilian mining group Vale in its report, ‘Vale’s Performance in 2Q17’.

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Global Mining: Coking coal price slides to 8-month low, Mozambique to benefit

The price of coking coal dropped on Monday with the industry benchmark price tracked by the Steel Index down 1.1% to $146.20 a tonne as supply returns to normal levels following tropical storms in Australia in March.

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Global Markets: China LNG imports hit record in December

China’s liquefied natural gas (LNG) imports hit a record high in December, customs data showed on Monday, driven up as the country pushes towards cleaner fuels.  The world’s No.2 economy shipped in 3.73 million tonnes of LNG in December, topping the previous record of 2.66 million tonnes in November and up from 2.10 million tonnes a year ago, the General Administration of Customs said.

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Global Mining: Vale makes boldest iron ore oversupply move yet

The import price of 62% Fe content ore at the port of Tianjin declined more than 2% to trade at $56.20 per dry metric tonne on Wednesday, a near-eight week low, according to data supplied by The Steel Index.

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Global Mining: “Brazil, Australia to drive global iron-ore production” BMI reports

Brazilian and Australian iron-ore producers will continue to drive global iron-ore production, while Chinese firms lose market share owing to their position at the higher end of the cost scale, according to Fitch-owned market analysis company BMI Research’s recently published report on the global iron-ore industry.

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Global Mining: Top Five Industrial Diamond-producing Countries

While the average person is familiar with diamonds only in the context of jewelry, the world’s hardest substance also has applications well outside the world of fashion, find out more as reported by Investing News Network.

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Global Mining: Moody’s to keep Vale´s rating, outlook 

Moody’s credit rating agency said on Wednesday, 12th, the Baa2 rating and negative outlook of Vale SA are not affected by the lowering of the note of Brazil. On Tuesday, 11th, the agency downgraded the country’s rating to Baa3 and changed the outlook to negative from stable.

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Global Markets: Coal oversupply keeps pushing prices down

In 2014, coal oversupply persists and very low coal prices continued to dominate. For a few years, the focus of coal producers was to expand production. New capacity was constantly added and demand led by China consumed every additional tonne.

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