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Get summaries of the top business news from a global perspective Sample With India's escalating energy crisis, the country is on the edge to increase coal importation as well as scout possible coal ventures with miners around the world. India's coal
The market has been keenly observing coal and iron ore prices in recent weeks, with Wesfarmers now following Anglo American's lead in price-slashing. Australian mines is more to blame than any deterioration in the global economy.
Russian mining group Severstal plans to boost production of coking coal and expects iron ore mines in Liberia and Brazil to come online by 2017, the company said Thursday in a presentation to investors in London. CEO Vadim
Indias largest independent metallurgical coke producer Gujarat NRE Coke on Friday said that the process for receiving all the approvals and clearances to set up the greenfield project in Andhra Pradesh is underway and progressing...The companys
Bathurst Resources has despatched its first export coal from the Cascade mine on the West Coast's Denniston Plateau, with the first shipment through Westport due in November. While Bathurst faces inevitable delays as local and environmental groups
Limited is close to acquiring a coking coal mine in Russia with an estimated reserve of about 70 million tonnes. The company will seek board approval for the acquisition within a few days. Rana Som told reporters on the sidelines of a seminar on
Demand for iron ore, copper and aluminium will double in the next 15 to 20 years, Rio Tinto chief executive Tom Albanese said on Tuesday. The massive increase in demand will be driven by the Brics economies, he said during an investor seminar. Made
Credit Suisse said on Monday it had completed the first ever coking coal swap transaction via a new over the counter contract cleared by the CME Group . The contract was between Credit Suisse and an unnamed coal industry participant involving 60,000
Chinese steelmakers are scrambling to buy coking coal mines in Mongolia, China's largest supplier of the fuel. China is the world's biggest steel producer and needs the coke to keep its blast furnaces in operation. State-owned steel makers, including
Hegarty's Tigers Realm Coal is about to list after pulling in $45 million from its scaled-back float. The raising, at a reduced price of 60¢ a share because of equity market weakness, was well short of the originally promoted target of $200 million.