Met coal price set to fall – McCloskey

The price of metallurgical coal was poised to fall, McCloskey Group founder Gerard McCloskey said on Wednesday. “The market is in over-supply,” McCloskey told the IHS McCloskey South African Coal Exports Conference in Cape Town.

Mining Indaba Schedule

SA coal industry to grow amid uncertainties, says McCloskey

International coal markets specialist McCloskey Group chairperson and founder Gerard McCloskey, who will be speaking at the Commodities Review at this year’s Investing in African Mining Indaba, in Cape Town, believes that South Africa’s coal...

McCloskey bullish on coal as Asian demand remains strong

Coal prices were expected to be robust this year with the contract price of coking coal being sustained at $200/t and steam coal sustained at $100/t, McCloskey Group chairperson Gerard McCloskey said on Wednesday. He told delegates at a...

Coal consumption outpaced oil and gas in 2008, says BP

World coal consumption grew faster than oil, natural gas and electricity demand for a sixth year in 2008, BP said last week. Coal use expanded 3,1% to 3,30-billion tons of oil equivalent, London-based BP said in its annual Statistical Review of...

Coal’s future still bright despite SA looking to tighten environmental controls – Prevost

Wood Mackenzie senior coal analyst Xavier Prevost, who at the weekend accepted the Fossil Fuel Foundation’s 2008 Annual Prestige award, has “great hopes” for the local coal sector, despite the prospect of tighter environmental controls....

Price of SA export coal likely to drop to $120/t by year-end – analyst

While South Africa's red-hot export coal prices have traders seeing levels of $200/t free-on-board (FOB) being only "days away", a local expert believed that prices would fall to around $120/t by the end of the year. Current price levels were...

Global mining conferences get an early start

The Mining Indaba is one of several international mining conferences on this year’s calendar, including the third South African Coal Exports Conference, hosted by the McCloskey Group, which will take place between January 31 and February 1...

Coal from RBCT at highest levels since July `04 - report

Coal from the world's biggest single coal exporting terminal, Richards Bay Coal Terminal (RBCT), achieved its highest prices in more than three years in October, a newswire reported on Monday.

Coal and BEE on the table at SA conference

The shifting face of control of South Africa's coal exports has prompted the McCloskey Group to stage an issue-driven conference into this issue with the support of the Department of Minerals and Energy (DME).