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November 23, 2022

Cost-plus reflection of transportation: PC asks Nepra to make Thar coal economically viable

Presided over by Minister for Planning, Development and Special Initiatives, Ahsan Iqbal, the meeting discussed pros and cons of availability and demand of Thar coal and commercial viability of Thar rail connectivity.

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November 23, 2022

The bulls are back in charge of iron ore prices

Iron ore prices are gathering steam as confidence over the outlook for China’s steel demand increases, outweighing bearish factors such as potential winter production curbs and India lowering iron ore export taxes.

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November 11, 2022

Empty iron ore ships switch to coal to survive China’s slump

Cargo ships suffering from weak Chinese demand for iron ore are finding a more lucrative alternative as the global energy crisis spurs a greater need for coal.

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November 09, 2022

China’s demand for our iron ore stalls, sending the price for our biggest earner spiraling

Australian miners unearth more iron ore than anywhere else in the world — but they want to increase that.

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November 09, 2022

Coal mining costs now double 2016 levels

Inflationary pressures in the Australian mining sector have been put in stark contrast by Whitehaven Coal after the company revealed the unit cost of delivering a tonne of its coal to Newcastle Port this year would be approximately double the cost seen as recently as 2016.

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November 08, 2022

Why South Africa will struggle to wean itself off coal

South Africa is hugely reliant on coal for its energy but one of the country’s biggest problems is frequent power-cuts. So how can it reduce its use of fossil fuels and switch to greener sources, while at the same time increasing its supply of electricity?

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November 07, 2022

China trade balance in focus after iron ore prices rebound

China’s October trade data is on tap as a potential policy pivot underpins sentiment and AUD/USD eyes 50-day SMA after prices breakout from a Cup and Handle pattern.

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October 26, 2022

Infrastructure bottlenecks hamper Russia’s booming coal exports to China

China is seeking coal supplies from overseas, in particular after recent COVID-19 outbreaks in the major coal mining regions of Inner Mongolia and Shaanxi forced many mines to close, while coal demand at power generation and heating sectors will soon pick up with the coming of winter.

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October 26, 2022

Iron ore price lowest in 11 months as China’s peak construction season disappoints

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $89.36 a tonne Tuesday morning, down 2.3%, the lowest since November 2021.

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