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COAL

Iron-ore price movements turns India into a net importer

Global and Indian iron-ore prices were moving in opposite directions significantly changing the dynamics of the local markets and making India a net importer. Indian export offers for high-grade iron-ore fines with an iron content of 63.5% and...
16th September 2014
 
COAL

Oz thermal coal exporters losing money despite cost-cutting efforts

Despite 18 months of aggressive cost cutting, nearly half of Australia’s thermal coal exports are loss making; but improved cost structures will stand miners in good stead when the price tide turns, advisory firm HDR Salva reported this week....
16th September 2014
 
IRON-ORE

As mining curbs bite, India offers market to glut-hit iron-ore

An oversupplied global iron-ore market may find some relief from an unlikely source as former No.3 exporter India turns into a big importer due to a cutback in domestic production. The country may ship in up to 45-million tonnes over the next...
16th September 2014
 
Mining Services

Local pump manufacturers expand

APE MULTISTAGE PUMP The pump boasts pressure-boosting, fire-fighting and water-circulation functionalities suited to the mining industry Johannesburg-based pump manufacturers APE Pumps and Mather+Platt, owned by India-based multinational pumps manufacturer WPIL, have bought factory space alongside their existing pump factory as part of efforts to expand their portfolio as pumps...
12th September 2014
 
ECONOMY

SA, Australia talk mining, ocean economy

International Relations and Cooperation Minister Maite Nkoana-Mashabane South Africa and Australia have committed to advance each other’s common interests, while unleashing mutual economic opportunities. This emerged after bilateral consultations between International Relations and Cooperation Minister Maite...
11th September 2014
 
IRON-ORE

Indian government proposes merger of KIOCL and NMDC

To bail out ailing iron-ore miner KIOCL Limited (formerly Kudremukh Iron Ore Company Limited) the Indian government is considering merging it with NMDC Limited, the country’s largest iron-ore miner. KIOCL, which operated an iron-ore...
10th September 2014
 
COAL

India's Supreme Court reserves judgment on illegal coal blocks

India's Supreme Court ended its hearing on Tuesday into whether it would cancel the award of more than 200 coal blocks it had previously ruled illegal, with Chief Justice Rajendra Mal Lodha saying it would reserve judgment to an unspecified later...
9th September 2014
 
IRON-ORE

Anglo American names ex-Cargill marketing boss as iron-ore sales chief

Global miner Anglo American has appointed David Trotter, the former strategic marketing manager at trading house Cargill, as its new head of iron ore sales, the company said on Monday. Trotter, who has also worked at Anglo's rival miners...
9th September 2014
 
Company Announcement

Core Consultants Publishes Monthly Manganese Report PDF Available

Renowned mining consultancy, Core Consultants, published its inaugural manganese report on 2nd September 2014.  The report is issued monthly and details pertinent trends in the manganese ore, alloys and steel markets. The manganese market has...
9th September 2014
 
MINING & ENVIRONMENT

Rio includes CCS in climate change arsenal

Mining giant Rio Tinto has touted carbon capture and storage (CCS) as a viable solution to climate change, with Rio’s energy CEO Harry Kenyon-Slaney saying that further CCS milestones could be expected as the technology continues to prove...
9th September 2014
 
ENERGY & CHEMICALS

Sasol repositions itself for gas-based future Video Available

Sasol Southern African operations VP Bernard Klingenberg South African energy and chemicals group Sasol has “strategically repositioned” itself over the past three years to focus on gas-based opportunities in Southern Africa and North America, having moved away from coal-to-liquids opportunities in...
8th September 2014
 
COAL

India directs miners to deliver emergency coal supplies to power plants

The Indian government has directed domestic coal miners to launch emergency measures to tackle acute coal shortages facing thermal power producers, with a third of the country’s power plants threatened by closure. Coal India Limited (CIL) and...
8th September 2014
 
 
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