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Wednesday, 11 March 09
COAL EXPORTERS FEEL THE CHILL FROM ASIAN DOWNTURN -BUSINESS.SMH.COM


Business.smh.com reproted that, The demand for thermal coal - NSW's most valuable export - has begun to reduce dramatically in response to the need for less power to drive heavy industry in countries such as Taiwan, Japan and South Korea.

The spot price of thermal coal from Newcastle has plunged by 23 per cent to $US61.70 ($96.73) a tonne in the past three weeks, compared to the contract price of $US125 a tonne last year.

It is believed Xstrata and Rio Tinto have this week settled the annual benchmark contract price at $US70 a tonne with Japanese buyers, a 44 per cent fall from last year's contract price.

To read more clcik
Business.smh.com



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Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
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Wednesday, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link A 130-kilometre railway that will ease the transport of raw materials and finish ...


Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...


Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...


Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...


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