India to import 36.8Mt of coking coal in 2012

The Indian steel industry would have to import 36.8-million tons of coking coal in 2012 to meet an estimated steel demand of 58.7-million tons. This import would increase to some 43.3-million tons in 2013 against a steel demand of 65-million tons,...

Peabody sees 10% growth in seaborne coal demand this year

Peabody Energy, the largest US coal miner, on Thursday said it expected global demand for coal to increase significantly over the next decade, despite cooling US markets. The NYSE-listed company said coal-fuelled heat and power generation was on...

Rising supply will slowly push iron-ore prices down

Iron ore prices will slowly decline in the next few years as steelmakers cut production to cope with overcapacity and more supply comes on stream, Wood Mackenzie iron and steel consultants said on Wednesday at Reuters Mining Summit. Average...

Vale moderately optimistic about iron-ore outlook

Brazil's Vale, the world's second-largest mining company, is moderately optimistic about the outlook for iron ore and expects significant demand from top consumer China, Claudio Alves, global marketing director, said on Tuesday. This comes on the...

Company Announcement: Global Iron Ore Demand Set to Double

Global iron ore demand is set to double to around 3.5 billion tonnes per year by 2030, with Chinese appetite for the commodity continuing to drive the market, albeit at a slower pace than during the last decade.

Assore reports 48.5% increase in headline earnings

JSE-listed Assore on Wednesday reported a 48.5% headline earnings increase to R2.1-billion for the six months ended December, up from R1.39-billion a year earlier. This was mostly attributed to 50%-owned Assmang’s 57.2% increase in headline...

Long-term iron-ore outlook positive, Kumba asserts

The outlook for global iron-ore demand was likely to improve over the medium- to long-term, Anglo American’s Kumba Iron Ore CEO Chris Griffith said on Thursday. Global demand for iron-ore would remain dependent on steel manufacturing in China,...

Company Announcement: Flying the flag for NSW coal in India

The ties between NSW and India will continue to grow on the back of strong demand for metallurgical coal for steel production as the country continues to urbanise and industrialise.

India’s iron-ore reserves insufficient for projected steel production

The present level of iron-ore reserves in India was unlikely to be sufficient to meet project demand by 2019/20, the Indian mineral resource regulator, the Indian Bureau of Mines (IBM) has reported. According to the revised National Steel Policy,...

Vale iron ore head sees Asia driving steel

Iron ore will continue to sell in the range of $120 to $180 per tonne in the near term, while China, a driver of Asian steel consumption, constrains its economy in the face of inflationary threats, a senior executive of Brazilian mining giant Vale...

Copper to average $4/lb in 2012 - Scotiabank's Mohr

Copper has been on a rollercoaster ride over the past year, with the price of the metal hitting a record $4.60/lb before diving to $3.08/lb, but Scotiabank economist and commodity markets specialist Patricia Mohr said the metal would likely...

Coking coal prices to fall as world demand softens

Coking coal prices could fall to below $240/t by the fourth quarter of next year, as demand softened and supply recovered from flood-hit basins in Australia, a Wood Mackenzie analyst said on Wednesday. However, the price for the steelmaking...