Iron ore price marks quarterly losses on China covid

Mining News Pro - Dalian and Singapore iron ore marked their second quarterly losses, despite some gains on Friday, as worries over a stringent zero-covid policy and property sector jitters in top steel producer China continued to dominate markets.

Anglo coal spinoff looks cheap against peers after 1,300% surge

Mining News Pro - Thungela Resources Ltd. has soared more than 1,300% since the South African coal miner was carved out of Anglo American Plc last year. But despite this scorching rally, investors value the stock at a discount to worldwide peers, whose reserves of the fuel may last longer.

Baffinland gets nod from Nunavut board to extend Mary River operation until year-end

Mining News Pro - Baffinland Iron Mines has received a positive recommendation from the Nunavut Impact Review Board (NIRB) to temporarily increase production at its Mary River iron ore mine in Canada’s Nunavut territory to 6 million tonnes through to the end of the year.

China rust belt province plans $87 billion clean energy overhaul

Mining News Pro - A northeastern province that was once one of China’s major coal and industrial hubs has launched a 600 billion yuan ($87 billion) plan to expand clean energy production.

Rio Tinto, China Baowu to develop Australian iron ore project for $2bn

Mining News Pro - Rio Tinto Ltd said on Wednesday it would team up with its biggest customer China Baowu Steel Group to develop an iron ore project in Western Australia for $2 billion as it looks to prop up its production from the Pilbara region.

Global iron ore output to fall by 2% in 2022

Mining News Pro - Overall, the global iron ore production is expected to grow at a forecast period (2023-2026) CAGR of 2.6% to reach 2,716.9Mt in 2026. Overall, this growth will be primarily driven by Australia and Brazil.

China’s iron ore imports

Mining News Pro - China’s imports of iron ore in August rose 5.5% from the prior month, customs data showed on Wednesday, even as operating rates at blast furnaces only slightly improved.

Iron ore price back above $100 a tonne as Chinese city vows to rescue stalled home projects

Mining News Pro - The iron ore price rose on Thursday after the Chinese city of Zhengzhou said it would start building stalled housing projects.

Asia coal price hits record as global hunt for fuel escalates

Mining News Pro - Thermal coal in Asia advanced to a record as a threat of supply disruptions adds new risks to a global energy sector already engulfed in crisis.

Swiss steel mill readies for shorter hours as energy bills soar

Mining News Pro - Swiss steel mill Stahl Gerlafingen has gained regulatory approval to put staff on shorter working hours to contend with soaring energy bills that will cost in a month what they normally cost in a year, the NZZ am Sonntag paper reported.

Could Coal Waste Be Used to Make Sustainable Batteries?

Mining News Pro - Acid mine drainage has long been a scourge in Appalachia. Recent research suggests that we may be able to simultaneously clean up the pollution and extract the minerals and elements needed to power green technologies.

Europe crisis shows coal’s value, South Africa minister says

Mining News Pro - South Africa’s energy minister dismissed the notion that renewable electricity can bring an end to years of rolling blackouts, pointing to Europe’s pivot back to the use of fossil fuels as evidence of the constraints of using green energy.

Iron ore price below $100 on China steel curbs

Mining News Pro - The iron ore price fell below $100 a tonne for the first time in over five weeks on signs that the crisis in China’s steel industry is worsening.

India coal baron becomes world’s third richest trailing only Musk

Mining News Pro - Few outside of India had heard of Gautam Adani just a few years ago. Now the Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, has become the world’s third-richest person.

Russian seaborne coal exports halted by EU ban

Mining News Pro - Russian coal exports were effectively halted by a European Union ban on entities within the 27-nation bloc servicing shipments of the fuel to anywhere in the world.

South32 in talks with Appin coal mine workers over pay

Mining News Pro - South32 Ltd said on Wednesday it was in pay-related negotiations with its Appin coal mine workers following their threat to stage a partial strike for a week.

South32 in talks with Appin coal mine workers over pay

Mining News Pro - South32 Ltd said on Wednesday it was in pay-related negotiations with its Appin coal mine workers following their threat to stage a partial strike for a week.

South32 nixes $700 million investment in NSW met coal mine

Mining News Pro - Global miner South32 Ltd said on Tuesday it would not proceed with a $700 million upfront investment to extend its Dendrobium metallurgical coal mine in New South Wales, citing scant potential returns.

Germany to prioritize coal trains over passenger services

Mining News Pro - Germany plans to give coal trains priority over passenger services on its rail network as it struggles with an energy crunch that’s threatening the economy, the Welt am Sonntag newspaper reported, citing a draft proposal.

More flooding in Mexican mine frustrates rescue effort for 10 miners

Mining News Pro - Mexico’s efforts to save 10 miners who became trapped in a flooded coal mine 13 days ago hit another setback as underground water levels have surged higher, officials said on Monday.

BHP hits profit record and sees demand healing in China

Mining News Pro - BHP Group, the world’s biggest miner, posted its highest ever full-year profit on record commodity prices, and will push ahead with growth options on a stronger demand outlook in China.

UK coal mine dilemma pits energy crisis against green goals

Mining News Pro - In the far northwest corner of England, coal mining was so finished that the local museum paying tribute to the industry shut a few years ago after running into financial trouble.

Coal giants are making mega profits as climate crisis grips the world

Mining News Pro - The globe is in the grips of a climate crisis as temperatures soar and rivers run dry, and yet it’s never been a better time to make money by digging up coal.

Australia’s renewable energy ambitions dwarfed by coal

Mining News Pro - One of the refrains of the environmental lobby is that Australia is extremely well-placed to become a renewable energy superpower, and that this will replace the loss of revenue from coal and natural gas exports.

Coal’s skyrocketing prices could last years on Russia disruption

Mining News Pro - Coal’s remarkable rise from a fuel left for dead to one of the world’s hottest commodities is likely to last for years.

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