Mine is set to start operations by the end of the year, with first shipment set for January 2017.
Australia Mining News
The steelmaking raw material is up 85% this year, or more than double its December 2015 price.
Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.
Just as quarterly benchmark negotiations between miners and Japanese steel mills kick off, the coking coal price comes off the boil.
While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.
Chief executive Jean-Sebastian Jacques comments come as the company had to suspend shipments from the Mongolian mine last week.
Pilbara's Roy Hill is ramping up to 55m tonnes per year capacity.
After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.
Indian conglomerate's $16 billion Carmichael coal mine in Queensland clears "final major State and Federal Government approval".
The Chinese miner is also having a hard time trying to convince Western lenders of financing part of the deal.
Coking coal prices retreated on Friday, but only slightly, holding above $300 a tonne after two months of insane gains.
Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.
In the last week alone, seven miners have been killed and 22 others remain trapped, following two accidents in local coal operations.
The Norwegian-based company Sahara Forest Project has signed a cooperation agreement to start a feasibility study to explore opportunities for producing food, freshwater and clean energy near the Western Australian city of Karratha, greening arid areas at the same time.
Exchange rules the firm was not allowed to resume trading due to concerns about controversy-plagued Chinese majority shareholder Hanlong Group.
Project funding would be main priority, says Moody’s.
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The miner said the decision applies to the entire 3,000 square kilometer Lulo site, a project that has bored some massive gems, including the largest diamond ever found in Angola.
Slowing power demand growth and low carbon capacity targets in China's latest five-year plan are found to be squeezing coal generation out of the power mix.
Potentially the first rare earths mine outside China to recover heavy rare earth elements passed another milestone this week.
The Minister for Trade, Tourism, and Investment, the Hon Steven Ciobo MP announced Gekko Systems as the winner of the Australian Export Awards in the Minerals, Energy and Related Services category.
Hefty new loans come as the Brazilian joint venture assesses whether it can reopen the iron ore mine where a dam disaster killed 19 people last year.
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
Barrick Gold's (NYSE,TSX:ABX) quest to find a buyer of the Kalgoorlie "Super Pit" has taken another intriguing turn.
Prices for the metal soared again Thursday to more than $5,700 a tonne.