BHP, the holder of the remaining interest in the mine, also completed its sale of their 50% interest to Sojitz.
Coking Coal Mining News
The most-traded iron ore contract for May delivery on the Dalian Commodity Exchange closed up 0.2% at $94.66 a tonne.
Chinese steel futures rose on Friday buoyed by expectations that steel mills would replenish their stocks of the raw material.
Poland's ambitions to invest in coal have stirred outrage at U.N. climate talks taking place in Katowice.
Diversified Canadian miner Teck Resources Ltd reported a near 23 percent drop in third-quarter adjusted earnings on Thursday.
Fitch suggests that miners' focus would probably be on cost controls.
Northern China’s key industrial hub will adopt a more flexible program for its anti-pollution output curbs this winter.
State-run JSW and Australia's Prairie, which is developing mines in Poland, have been in cooperation talks for much of this year but JSW wants control.
ArcelorMittal signed a preliminary agreement last year to buy Ilva, which has the largest steel-producing capacity in Europe.
"It is not just China."
Shanghai rebar steel futures dropped nearly 1 per cent.
The price of steelmaking raw materials in China rose for a second session on Monday on optimism that steel mills will replenish stockpiles as steel production increases and as iron ore inventories at ports decline.
Utilisation rate at mills climb back to November level.
A 3.4 magnitude quake hit the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning.
Indonesian coal miner Adaro Energy is targeting coking coal output of 1 million tonnes this year, up from 740,000 tonnes in 2017.
"Coal plays an important part in New Zealand’s export reliant economy,” Straterra CEO Chris Baker said today.
Shanghai rebar surges 4.4 pct after Handan steel, coking cuts.
China's war on smog benefitting exporters of high-quality ore as domestic steelmaking output cuts are extended.
Removing import tax on coking coal would soften the impact of rising costs on users of key steel-making fuel and promote alloy production.
The company, which is controlled by businessman Igor Zyuzin and came close to bankruptcy last year, circulated the final draft of a restructuring proposal among its creditors.
The state-run company said it wants to increase its total coking and thermal coal output to 18.2 million tonnes in 2030 from 15.6 million expected in 2018.
Iron ore futures in China rose for a second session on Tuesday, supported by demand from steel producers for high-grade raw material to boost productivity.
Iron ore price jumps 5.2%, coking coal rises to levels last seen during cyclone Debbie as Chinese mills restock.
Chinese coke and iron ore futures fell further in trading Thursday, amid growing concerns that steel demand in world's top producer will decline for winter.
China's coal imports dropped 21 percent in October as government moves to replace coal with cleaner fuel, iron ore prices followed coal futures higher.