Iron ore and Coal

Mining News Pro - Formosa Ha Tinh Corporation (FHS), Vietnam’s largest steel manufacturer of the country has revealed the billet export offers today for shipments scheduled by July.

Mining News Pro - NRW Holdings says it has been awarded the Koodaideri Rail Formation South Earthworks contract by Rio Tinto.

Mining News Pro - Job vacancies in the mining and resources sector dipped by 1.1 per cent in April despite strong commodity prices over the past three months.

Mining News Pro - The EPA has recommended the mine for environmental approval subject to conditions including the protection of national park water resources and threatened ghost bats.

Mining News Pro - The world’s second largest miner, Rio Tinto, (ASX, LON, NYSE:RIO) is a step closer to begin expanding its West Angelas iron ore mine in the Pilbara, Western Australia, as it has received the state’s environmental watchdog’s approval.

Mining News Pro - Production of Concentrate has grown by 33 percent in Tabas and Central Alborz companies, which are IMIDRO’s subsidiaries.

Mining News Pro - Brazilian mining giant Vale has reported a $US1.6 billion loss ($2.3 billion) in the March quarter after the Brumadinho dam disaster led to disruptions to its supply of iron ore.

Mining News Pro - Australian coal producer TerraCom (ASX:TER) has rolled out a A$63 million (about $44m) restructuring plan, consisting of a A$35-million capital raise and a $20-million convertible bond to support its growth ambitions.

Mining News Pro - The latest Australian Bureau of Statistics trade figures have revealed that the value of Queensland exports has surged over the past year to yet another record high for the state.

Mining News Pro - BHP has been hit with the largest damages claim in British legal history through a group action lawsuit seeking $US5 billion ($7.2 billion) over the 2015 Fundão dam collapse in Brazil.

Mining News Pro - Rail operator Aurizon has signed agreements with coal mining customers for a revised rail access deal via the Central Queensland Coal Network (CQCN).

Mining News Pro - Yancoal Australia has received approval from the Queensland Government for its planned expansion of the Cameby Downs thermal coal mine.

Mining News Pro - It took only 10 seconds to implode two 500-foot cooling towers that belonged to the Brayton Point Power Station in Somerset.

Mining News Pro - In a recent report, Fitch Ratings states that the rise in iron prices to over $90/dmt in April should provide cash flow windfalls for global iron ore producers through 2020, even though such prices are expected to eventually stabilize at the ~$75/dmt mark.

Mining News Pro - Anglo American (LON: AAL) released its first quarter production results on Thursday, reporting decreased production numbers, mostly because of planned disruptions at its metallurgical coal division, where production dropped 25%.

Mining News Pro - BHP has cut its iron ore production guidance for the 2019 financial year on the impacts of Tropical Cyclone Veronica, after a similar reduction by Rio Tinto yesterday.

Mining News Pro - Rio Tinto has reduced its 2019 guidance for Pilbara iron ore shipments following a damage at the port brought by tropical cyclones.

Mining News Pro - The crisis in the transportation of iron ore in Vale will appear in China within the next three weeks.

Mining News Pro - Spot iron ore prices rose from $75 per tonne to $95 per tonne in the weeks following the Brumadinho dam disaster at Vale’s (NYSE: VALE) Feijao iron ore mine in Brazil, before settling in at about $85 per tonne, according to the latest research on the global iron ore market by the Macquarie Group.

Mining News Pro - This week Chinese steel market exhibited mixed sentiments as the steel export offers softened despite hike in domestic prices. Chinese HRC and rebar export offers inched down this week amid public holidays and subdued trades. Meanwhile coking coal prices fell amid lowered Chinese buying interest. Meanwhile billet export offers fell on weekly basis. However iron ore prices reported surge on supply concerns.

In Picture