- Write by:
-
Friday, June 8, 2018 - 6:39:12 PM
-
1158 Visit
-
Print
Mining News –According to TerraCom. Demand for Australian thermal coal has been strong in recent months
The miner operates the Blair Athol operation in Queensland, a site it acquired for $1 in a deal announced two years ago.
TerraCom re-launched production at Blair Athol last October and has progressively extended its mine life in the time since.
In an ASX statement released today, TerraCom pointed to a healthy market for Australian thermal coal, saying it had shown considerable strength over the past two months.
The company added there was “a strong focus from buyers wishing to secure low total sulphur bituminous coal, such as product from Blair Athol.”
“The (TerraCom) sales portfolio continues to expand as old customers return looking to secure volume, and new customers trial the product. The Blair Athol brand is strong amongst Japanese and Korean buyers.”
TerraCom has secured sales for 520,000t at a forecast average price of $US92/t for the September quarter. The company plans to lock in another 130,000t of sales in the coming weeks to reach a quarterly target of 650,000t.
Its mix of September customers, by country, is led by Korea (46 per cent), followed by Japan (33 per cent), Indonesia (12 per cent), and others (9 per cent).
Short Link:
https://www.miningnews.ir/En/News/189532
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general ...
China’s copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, ...
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP ...
Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from ...
The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the ...
The US and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the ...
Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has ...
Jiang Weiping, the founder of major Chinese lithium producer Tianqi Lithium Corp., resigned as chairman after the ...
Barrick Gold faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ...
No comments have been posted yet ...