Mozambique Mining: Vale Moatize thermal coal sales suprise, coking disapoints

Mozambique Mining: Vale Moatize thermal coal sales suprise, coking disapoints

During the second quarter of this year (2Q18), Brazilian mining major Vale’s coal business achieved earnings before interest, taxes, depreciation and amortization (Ebitda) of $45-million. 

Read More

Global Markets: Thermal coal prices hit 6-year high

Benchmark seaborne thermal coal prices jumped to $120.10 per tonne on Thursday, its highest level since November 2012, thanks to tight supply in key Asian export regions. Measured from lows hit end-2015, early 2016 coal used in power generation has gained 140%.

Read More

Global Mining: Thermal coal market to grow 5% in 2018 – Noble analyst

GOA – The global thermal coal market will grow by about 48 million tonnes this year, 5% more than last year, the chief coal analyst at Noble Resources said on Tuesday, adding that imports to India will rise after falling in the last two years.

Read More

Mining Tax & Finance: Outlook divided in Asian met coal spot market on abolition of Chinese tax

The Asian seaborne metallurgical coal spot market on Monday November 17 was divided on the removal of China’s import tax on coal under the country’s free-trade agreement with Australia. After officially concluding its negotiations with Australia on the pact on Monday, China has agreed to lower the duties it recently started imposing on imports of coking coal and thermal coal.

Read More

Mozambique Mining Industry: Coal India Limited to form consultants’ panel for overseas mines acquisition

Coal India plans to form a panel of consultants which would help the PSU in acquiring, developing and operating coal mines overseas. The coal major is eyeing assets abroad to meet the domestic demand.

Read More

Mozambique Mining: Vale casts doubts on propaled target regarding 100 million tonnes of coal a year

Pedro Gutemburg, the new chairperson of Vale Mozambique, the local subsidiary of the Brazilian mining giant Vale, has cast doubt on the frequently quoted figure that Mozambique could, in the medium term, be exporting 100 million tonnes of coal a year.

Read More

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…

Read More