Job Vacancies

China’s Oct coal imports down 17.4% on year at 20.13 mil mt

China’s coal imports, including lignite, thermal and metallurgical coal, totaled 20.13 million mt in October, down 17.4% on year, preliminary data released Saturday by the General Administration of Customs showed. October imports were down 4.9% from September, but up 6.7% from the 23-month low o ...

As China demand slows, Indian iron ore imports surge to record

India’s iron ore imports jumped to a record 5 million tonnes in April-October, industry data showed, as a deepening shortage at home forces steelmakers to turn overseas for the raw material. Gathering momentum in Indian imports should absorb some of the global surplus of iron ore and help stabil ...

India: Govt ordinance to open up coal sector to private miners, enable e-auctions

In keeping with its momentum of announ-cing key policy decisions, the government on Monday said it would promulgate an ordinance to resolve issues arising out of the cancellation of coal blocks. The ordinance will address issues related to coal supply to companies of central and state government ...

Declines in commodity prices likely to continue through 2015, says WB report

Prices of most commodities, particularly oil, are expected to remain weak for the remainder of this year and through much of 2015, says the World Bank’s latest issue of Commodity Markets Outlook. Growing concern over a slowdown in the Euro Area and emerging economies, a strong US dollar, a well- ...

South Africa’s Universal Coal Q3 ROM output up 23% qtr-on-qtr to 580,007 mt

South African miner Universal Coal said Wednesday it produced 580,007 mt run-of-mine coal from its 70.5%-owned Kangala Colliery in the third quarter, 1.3% more than planned. The figure was up 23% quarter-on-quarter. No year-on-year comparison was provided. Universal said 505,662 mt of the ROM co ...

South Africa to announce iron and coal as ‘strategic minerals’

The South African government is poised to announce iron and coal as “strategic minerals”, which analysts say would have a negative impact on mining company profits. Ngoako Ramatlhodi, South Africa’s minister for mining, said that a new bill being put before the president could reclassify certain ...

China Bid to Curb Coal Output Seen Lifting Prices by 10%

Cutting production at the largest mining companies in China is on track to do what government officials are hoping: boost coal prices and help shore up the struggling industry. That’s the conclusion of ICIS-C1 Energy, a consulting company in Shanghai, which predicts coal prices may advance 10 pe ...

Japan utilities burn record thermal coal in August

Japan’s regional power monopolies consumed record volumes of thermal coal last month to generate electricity amid a complete shutdown of the nation’s 48 nuclear reactors, industry data showed on Friday. Coal use totalled 5.71 million tonnes, up 0.3 percent from a year earlier, data from Federati ...

Significant Increase In Chinese Steel Exports

Chinese exports of steel products increased by 9.5 million tonnes during the first six months of this year, compared with the same period in 2013. MEPS estimates that offshore supply represents approximately 60 percent of the escalation of mill output in the period. Foreign sales of finished rol ...

No quick fix for India’s coal supply crisis – minister

The Indian government blamed cost overruns at coal projects and $50 billion in losses at state electricity distributors for a power crisis that has become the first test of Prime Minister Narendra Modi’s management of the economy. Power and Coal Minister Piyush Goyal warned that it would take ye ...