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.
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.
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.
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.
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.
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?
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.
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.
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.