BHP bumps up 2020-21 iron ore guidance on Samarco restart, softens ...Thu, 21 Jan 2021 00:00:00 GMT
Mining giant BHP bumped up its fiscal 2020-2021 (July-June) iron ore production guidance following the restart of its joint venture Brazilian Samarco operation, while its metallurgical coal output is expected to be in the lower end of the forecast range due to weather impact. BHP now expects iron ore production of 245 million-255 million mt for the current fiscal year, which is up from the previous range of 244 million-253 million mt. The added tonnes are all due to Samarco, while BHPs
Government assures Coal India of 'full support', stresses on ...Thu, 21 Jan 2021 00:00:00 GMT
But having said that the improvement is a continuous process, learning is a continuous process....let us learn new things, new ideas, new approach, and new goal. And in this, the image of coal (sector), Coal India needs to be changed. We have to change the image of Coal India, Joshi stressed.
Nifty Metal index slips 4%; SAIL, Tata Steel, Hindustan Copper ...Mon, 18 Jan 2021 00:00:00 GMT
An increase in coking coal prices would not augur well financially for steel companies' in India, ICICI Securities said in a
Profiteering or Profitability What domestic steel industry wants ...Fri, 15 Jan 2021 00:00:00 GMT
Steel production through BF-BOF route uses iron ore of 1.65 tonne and coking coal of around 750 kg per tonne of steel. Steel pricing continues to occupy a centrepiece in the media for the last few weeks. A variety of responses and feedback from end-using sectors, policy planners, industry associations are filling up the pages. It is difficult to take a dispassionate view on the issue from the producers or users points of view. Let us look at some of the facts. Steel prices (HRC as the
Kazakhstan: worker trapped at ArcelorMittal Temirtau mineThu, 14 Jan 2021 10:43:06 GMT
At 09:53 p.m. on January 13, increased methane gas emission and coal small fraction fines were released during the exploratory well drilling at the Lenin mine of the ArcelorMittal Temirtau JSC coal department, the Emergency Situations Ministry's press service reported. Reportedly one worker is left trapped underground. The rescue works are underway. (Kazinform/Ukrainian metal)
The post Kazakhstan: worker trapped at ArcelorMittal Temirtau mine first appeared on The Ukrainia
Itochu to exit thermal coal business by 2024Thu, 14 Jan 2021 00:00:00 GMT
Itochu Corporation plans to start divesting its thermal coal mining assets in Australia from this year.
Coal exchange likely to start later this year, move aimed at ...Tue, 12 Jan 2021 00:00:00 GMT
A senior government official said the move is aimed at setting up a mature coal trading market by the time the commercial coal mines become operational.
Next tranche of commercial mining auction to be launched this ...Mon, 11 Jan 2021 00:00:00 GMT
Presently, about 19 major approval or clearances are required before starting a coal mine in the country. In the absence of a unified platform for grant of clearances, the companies were required to approach different departments leading to delay in operationalisation of coal mines, Joshi said.
Coal sector to play vital role in achieving target of USD 5 trillion ...Mon, 11 Jan 2021 00:00:00 GMT
Launching a single window clearance system for the coal sector, he said commercial coal mining auctions will now facilitate small and medium industries to receive coal supplies easily. The home minister said the coal sector has crossed an important milestone towards fulfilling the dream of 'Aatmanirbhar Bharat' (self reliant India) under the leadership of Prime Minister Narendra Modi.
Steel sector seeks relief in customs duty on key raw materialsThu, 07 Jan 2021 00:00:00 GMT
The domestic steel industry is seeking reduction in basic customs duty on key raw materials like anthracite coal, metallurgical coke, coking coal, and graphite electrode in the upcoming Budget. The non-availability of these items in good quality and quantity hinders the growth of the steel industry, industry body Confederation of Indian Industry (CII) said in its Budget recommendations for the sector. The basic customs import duty on anthracite coal is 2.5 per cent. The availability of the
Ktunaxa Nation and Teck Sign Joint Management Agreement for Conservation ...Thu, 07 Jan 2021 00:00:00 GMT
Cranbrook, B.C. The Ktunaxa Nation and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (Teck) today announced the signing of a Joint Management Agreement for more than 7,000 hectares of land purchased by Teck in 2013 for conservation. The lands are located in amakis Ktunaxa and in the region of Tecks steelmaking coal operations in southeast British Columbia.
Thermal coal imports at major ports fall 16% to 55 MT in Apr-Dec ...Wed, 06 Jan 2021 00:00:00 GMT
Coal volumes at the 12 major ports declined for the ninth straight month in December 2020, as per the Indian Ports Association. These ports had handled 66 MT of thermal coal and 42 MT of coking coal in April-December period of the previous financial year.
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