Met coal's stunning run is reversing as consensus forecasts point to $125 drop by year-end, but new UN sanctions could cost China its number two supplier.
China Mining News
After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.
Moody's says base-metals will come under pressure in 2017 – and that includes the zinc price.
Thirty-two miners were killed in a gas explosion that ripped through a coal mine in Chifeng, Inner Mongolia on Saturday.
Just this week, bullion was sold in China at about $24 an ounce above the international price.
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 headline word for 2017 will be 'inflation' and wealth preservation will continue to be a watchword for those looking to position themselves strategically… and by extension gold is well priced and positioned to benefit.
Wednesday sees more heavy losses with steel, coking coal futures on course for biggest one-day declines on record – iron ore drops 8%.
Exchange rules the firm was not allowed to resume trading due to concerns about controversy-plagued Chinese majority shareholder Hanlong Group.
Chief of world number two producer Jean Sebastien Jacques signals flexibility after moderating view of Chinese demand.
New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.
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.
The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.
Preliminary deal is part of a series of agreements signed this week that will see China pouring close to $5.3 billion into Peru’s mining and energy sector.
Prices for the metal soared again Thursday to more than $5,700 a tonne.
Canada’s Ivanhoe Mines and joint-venture partner Zijin Mining have transferred a further 15% interest in their Kamoa-Kakula copper project to the DRC’s government.
Company has finished selling its stakes in the White Mountain and Tanjianshan mines, as well as in the Eastern Dragon development project to an affiliate of China’s Yintai Resources.
Fresh rules aim to counter surging prices for the nation’s top energy source.
Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.
New survey of analysts calls into question post-Trump surge with consensus forecasts pointing to sharp decline by year-end and continuing weakness in 2017.
But US gold mining industry will stagnate says BMI Research in new study.
Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.