Brazilian mining major Vale had fixed a vessel to carry a 70,000 mt (plus/minus 10%) metallurgical coal cargo from Nacala in Mozambique to Port Kembla in Australia loading between July 13 and 15, market sources said Thursday. Advertisements
Some analysts see demand for metallurgical coal slackening off once China eases limits on production but those policies will still impact prices this year. Clarksons Platou Securities analyst Jeremy Sussman told Bloomberg this week metallurgical coal was still his pick of commodities.
Read MoreChina exported 1.07 million tonnes of metallurgical and semi-finished coke in January, according to preliminary customs data released on Sunday February 8. This is the highest monthly level for such exports since the country scrapped a 40% export tax in January 2013, as reported by SteelFirst.
Read MoreBHP Billiton has predicted a booming market for its Australian metallurgical coal operations as India begins to suck in imports for its fast-growing steel industry.
Read MoreVale produced 1.76 million tonnes of metallurgical coal in the third quarter of 2014, the Brazilian miner said on Thursday October 23. The miner’s Moatize operations in Mozambique produced a total of 828,000 tonnes of metallurgical coal in the same period.
Read MoreNuEnergy Gas has signed an exclusive agreement with a Mozambican company to explore and develop coalbed methane (CBM). Exploration activities will be undertaken in the Tete Province, the Australia-based company added.
Read MoreA few interesting data points from different parts of the world in coal this week. Which could be signalling a big change underway in global production patterns.
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