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Profits Up for Thermal Coal Producers After a Number of Lean Years
March 1, 2018
Platts reported that after a number of lean years, the sun is again shining for some thermal coal producers, as profits roll in at a heady rate that could easily be mistaken for another commodities boom. Take Glencore for example.
Heron Awards PYBAR Underground Mining Contract for Its Woodlawn Mine, Australia
March 1, 2018
Heron Resources Limited announced that it has awarded the Underground Mining contract for its wholly-owned Woodlawn Zinc-Copper Project located near Tarago, 250km southwest of Sydney, New South Wales, Australia, to specialist underground mining contractor, PYBAR Mining Services. PYBAR is an
Indian Government Issues Guidelines for Auction of Coal Mines to Private Firms
March 1, 2018
BloombergQuint reported that a week after the government of India announced that, in a historic decision, that private and foreign firms will be permitted to bid for coal mines in India, the guidelines for such bidding have been issued. The
China’s Coastal Coal Freight Rates Increase After Resumption of Production
March 1, 2018
Platts reported that freight rates for shipping coal from northern China’s Qinhuangdao port to the ports of Zhangjiagang, Shanghai and Guangzhou in the east and south China moved upwards after the Lunar New Year holidays, Qinhuangdao Port operator. The freight
Vorkutaugol Mines Starts Installation of Advanced Security System, Russia
March 1, 2018
JSC Vorkutaugol, one of the largest coal mining companies in Russia, owned by PJSC Severstal, has begun the installation of a multifunctional security system at the Vorkutinskaya, Zapolyarnaya, Komsomolskaya and Vorgashorskaya mines. In December 2017, components of the security system
Air Products to Acquire Shell’s Coal Gasification Technology Business and Patent Portfolio
February 28, 2018
Air Products has entered into an agreement to acquire Royal Dutch Shell’s Coal Gasification Technology business as well as Shell’s patent portfolio for Liquids (Residue) Gasification. Financial terms are not being disclosed, and the acquisition is expected to close in
Rio Tinto Receives $345 Million Offier from Hydro to Acquire Its ISAL Smelter, Iceland
February 28, 2018
Rio Tinto has received a binding offer from Hydro of $345 million, subject to final adjustments, to acquire Rio Tinto’s ISAL smelter in Iceland, its 53.3 percent share in the Aluchemie anode plant in the Netherlands and its 50 percent
Glencore Positive on Copper, Zinc, Nickel Amid Electric Vehicle Optimism
February 27, 2018
Fast Markets reported that Glencore is positive on the outlook for copper, zinc, nickel and cobalt amid optimism over growth in the electric vehicle market, while its net income jumped more than four-fold to USD 5.78 billion in 2017 on
Kazakh Mining Company Eurasian Resources Looks to Spin Off and List Assets
February 27, 2018
Reuters quoted three banking sources as saying that Kazakh mining company Eurasian Resources Group, formerly known as ENRC, is working on a plan to eventually spin off and list some of its assets to help repay debt. The company, then
FLSmidth Selected to Supply a Fourth Copper Concentrator to KAZ Minerals, Kazakhstan
February 27, 2018
FLSmidth to deliver the key technologies for a fourth copper concentrator to KAZ Minerals in Kazakhstan. Underlining FLSmidth’s ability to deliver competitive, productive and efficient copper concentrator process equipment anywhere in the world, KAZ Minerals in Kazakhstan, has selected FLSmidth
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