Iron ore, coking coal prices are soaring
Iron ore price jumps 5.2%, coking coal rises to levels last seen during cyclone Debbie as Chinese mills restock.
Latest Stories
Top mining stock becomes 2017’s worst loser on China steel shift
Australian iron ore producer is only stock on the nation’s blue-chip resources index to hand investors a loss in 2017, tumbling from its previous top status.
Satellites are reshaping how traders track earthly commodities
Companies like Ursa Space Systems Inc. are using satellites to try to shed light on tightly held secrets in the commodity trading world.
Coal’s fading crown to get Indian polish as demand stagnates
Coal may have fallen out of favor in North America and Europe, but India and other Asian nations ensure the dirtiest fossil fuel continues as energy supply.
Russia’s Nornickel opens $2.5 bln credit line for refinancing
The proceeds will be used for refinancing existing debt, financing capital expenditure and general corporate purposes.
Gold miner Avocet to sell Burkina Faso assets
The sale is part of a larger restructuring involving Avocet's overdue loans totaling $28.7 million.
ArcelorMittal South Africa paying first fine instalment in parts
ArcelorMittal South Africa, which has agreed to pay a 1.5 billion rand ($116.85 million) fine for colluding to fix steel prices in five instalments.
Rio Tinto to retrofit Pilbara trucks for autonomous handling
Mining giant Rio Tinto Ltd said it plans to expand its fleet of autonomous trucks operating in Australia’s Pilbara iron-ore region, part of a cost-cutting program across its operations.
Newcastle: world’s biggest coal export port announces shift away from coal
Newcastle, the world’s largest coal export port, must “urgently” diversify its traffic, the port’s incoming chairman has said, warning that the “long-term outlook for coal is a threat to the port”.
