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China's coal-rich province vows to slash overcapacity in 2017
Release time: 2017/01/16 09:31:00
Slashing excess coal production capacity would remain top on the local government's agenda in 2017, said Lou Yangsheng, governor of Shanxi.When delivering the provincial government work report to the opening of ...
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Indonesia commodity export rethink rattles metals, miners
Release time: 2017/01/13 16:28:00
Nickel producers from Sumitomo Metal Mining Co.to Nickel Asia Corp.tumbled after Southeast Asia’s biggest economy said it will allow some exports of nickel ore and bauxite, easing a ban on unprocessed ore shipm...
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Australia posts first trade surplus since March 2014
Release time: 2017/01/12 16:30:00
Bureau of Statistics figures show a trade surplus of$1.24 billion for November.That is up from a$1.1 billion trade deficit in October and marks the first monthly surplus since March.The other drawback from today...
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WA mining stocks regain ground as commodities surge
Release time: 2017/01/12 16:27:00
Broking firm CommSec has released end-of-year analysis that shows five WA-based mining companies made the list of the 10 top performers reaping the highest percentage gains on the Australian Stock Exchange(ASX)....
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FMG and Atlas Iron get debt repayments in before the fall
Release time: 2017/01/11 17:01:00
Despite iron ore stockpiles at Chinese ports approaching the 120 million tonne mark, the highest levels seen since 2014, the benchmark iron ore price ticked up again this week.Fortescue also slashed a significan...
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NMDC slashes high grade iron ore prices by 5.5%
Release time: 2017/01/10 11:10:00
However, prices of low-grade iron ore remain unchanged at Rs.The prices of iron ore, with effect from July 3, 2016, has been fixed for lump ore(higher grade iron ore at Rs 1700 per tonne, NMDC said in a filing t...
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Yazd Mill Expanding Iron Ore Processing
Release time: 2017/01/10 11:01:00
Established in 1980 in Yazd Province, Yazd Rolling Mill plans to ramp up iron ore concentrate production because of the expansion of the beneficiation plant’s capacity from 500000 to 1 million tons per year, Me...
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Coal shakes dirty image to stage comeback
Release time: 2017/01/09 10:37:00
As a core part of China’s supply-side reform to trim overcapacity, the performance of coal in the past year has created complexities.While the price rebound boosted the profits of coal companies—which over the...
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Resources exports tipped to reach $204b, despite forecast iron ore pric...
Release time: 2017/01/09 10:31:00
In its Resource and Energy Quarterly report, the department said export earnings would be boosted by higher prices for steel-making raw materials(iron ore and coking coal), thermal coal and increased LNG export ...
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Iron ore has posted its first gain for 2017
Release time: 2017/01/06 18:49:00
The spot price for benchmark 62% fines rose by 1.2% to$78.30 a tonne, according to data provided by The Steel Index, marking the first increase seen since December 29 last year.While a supportive factor for stee...
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NMDC stocks up by 3.3% after it fixes iron ore prices
Release time: 2017/01/04 16:35:00
NMDC Ltd is currently trading at Rs 134.65, up by Rs 4.4 or 3.38% from its previous closing of Rs 130.25 on the BSE.The scrip opened at Rs 131.9 and has touched a high and low of Rs 137.45 and Rs 131.25 respecti...
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China to cut 800m tons of coal capacity annually by 2020
Release time: 2017/01/03 16:19:00
The world's largest coal producer and consumer will cut outdated coal capacity by 800 million metric tons per year by 2020, while increasing use of cleaner coal by 500 million tons.According to the coal industry...
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