Commercial Coal Mining In India Potentially Heading For Backburner

Signs are emerging that commercial coal mining in India, sans any end-use restrictions and permitting free merchant sale, will be put on the backburner, if not die a slow death altogether. Although no official acknowledgement of the same is forthcoming from any of the departments involved in opening up of the coal mining sector to
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Australian miner New Hope Corp on Tuesday said thermal coal prices would push higher in coming months, extending a rise that helped boost its profits in the last financial year. The company said its full-year pretax profit climbed 6 percent to A$149.5 million ($107.49 million) from $140.6 the year before, as markets for thermal coal
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The effects of a summer drought have continued to weigh on crops in the European Union despite less severe conditions in the past month, the EU’s crop monitoring service said on Monday, as it trimmed its outlook for 2018 maize and sugar beet yields. Persistent dryness, which has hurt crops and parched grasslands across northern
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China’s steel and iron ore prices finished trading up more than 1 percent on Tuesday, with Beijing announcing after the close that it would take countermeasures in response to the latest round of U.S. trade tariffs. China’s commerce ministry said in a statement that it had “no choice but to retaliate” to the latest move
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Shanghai rebar steel futures edged higher on Monday after weekend data showed that China’s home prices accelerated in August at the quickest pace in almost two years, boding well for steel demand in the world’s top consumer. Signs of more and stricter production curbs in China this winter also helped buoy steel prices, but investors
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In Asia Pacific thermal coal circles it is known as the “great decoupling” and refers to the yawning gap between spot traded prices for Newcastle 6,000 NAR thermal coal and another grade of Newcastle thermal coal, 5,500 kcal/kg NAR. That gap has blown out to an unprecedented $50/mt, from only $10/mt in early February, and
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Global steel-making capacities are expected to increase by nearly 52 million mt over 2018-2020, the Organisation for Economic Co-operation and Development said in its Recent Developments in Steelmaking Capacity report. The report, released Sunday, comes ahead of the OECD’s Global Forum on Steel Excess Capacity scheduled for September 17-18 and forms part of the OECD’s
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China’s steel output eased in August after hitting a record-high in July, crimped by tough production restrictions in major steelmaking regions as part of efforts to clear the country’s smoggy skies. The world’s biggest steel maker churned out 80.33 million tonnes of crude steel last month, according to data from the National Bureau of Statistics
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Prices of steel and iron ore regained some lost ground in China on Thursday after the United States invited Chinese officials for talks, spurring hopes of a deal to end a trade dispute between the world’s two largest economies. Washington has sent an invitation to senior Chinese officials for talks in coming weeks, the White
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The European Union sees little chance of relief from controversial U.S. metal tariffs before mid-2019 while aiming for a narrow trans-Atlantic trade deal to avert any extra American automotive duties, according to one of the bloc’s officials. The European Commission’s current talks with the U.S. to reduce trans-Atlantic market barriers for industrial goods should keep
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