China state planner finalizes rule to set up coal production reserve system
China’s state planner on Friday finalized a rule to set up a domestic coal production reserve system by 2027, aimed at stabilizing thermal coal prices and supplies to power plants.
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Iron ore price drifts higher as soft China data triggers stimulus hopes
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed hopes of more stimulus in the second quarter to underpin its economy.
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Global coal power grew 2% last year, the most since 2016, survey says
The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in China and decommissioning delays elsewhere, according to research published on Thursday.
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Peabody falls as production issues, weather crimp coal sales
Peabody Energy Corp. shares sunk to the lowest in seven months after the biggest US coal miner warned that first-quarter sales will be lower than expected due to production issues at mines in Australia and weak demand in the US.
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Vitol CEO confirms energy trading giant is getting into metals
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with an “exciting decade” ahead.
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BMO drops anti-coal policy amid Wall Street rebuke of ESG
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia.
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Scottish bacteria may help clean up acid mine drainage
Researchers at the University of Edinburgh discovered that bacteria found in areas polluted by acid mine drainage had the potential to detoxify the environment by removing heavy metals.
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Fortescue partners with OCP Group for green energy development in Morocco
Australia’s Fortescue said on Monday it would form a joint venture with OCP Group to supply green hydrogen, ammonia and fertilizers to Morocco, Europe and international markets, as the iron ore miner looks to transform itself into a green energy superpower with a global footprint.
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BMO drops anti-coal policy amid Wall Street rebuke of ESG
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being labeled an energy “boycotter” in West Virginia.
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Visit: 67
Supply of 8.7 million tons of Mobarakeh steel products to the market
Mining News Pro - The CEO of Mobarakeh Steel announced that all the organization's goals were achieved in 1402 despite all the restrictions in the fields of electricity, gas and raw materials and said: If we consider the amount of product delivery to the domestic and export markets as the final performance of the company's ambitious employees, we must announce Since the beginning of 1402, 8.7 million tons of products have been transported to the target markets in the total domestic and export market, while fulfilling the planned goals, which has grown by 6% compared to last year.
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Iron ore’s reset to $100 heralds China’s new economy shift
Iron ore’s reset to around $100 a ton is indicative of a broader reshaping of China’s commodities markets that favors the new economy over the old.
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Iron ore price swings near $100 as traders mull fragile China recovery
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic recovery may be starting to gain traction countered weakness in the steel market.
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Iron ore price swings near $100 as traders mull fragile China recovery
Iron ore reversed direction after dropping to its lowest level in 10 months as optimism that the country’s economic recovery may be starting to gain traction countered weakness in the steel market.
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Nippon Steel emphasizes its ‘deep roots’ in the US as it pursues US Steel deal
Nippon Steel intends to pursue its proposed acquisition of US Steel and wants its “deep roots” in the United States to be recognized, its new president said – remarks that come after US President Joe Biden expressed opposition to the deal.
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Ferrexpo hit with corporate rights restrictions for Ukraine subsidiaries
Iron ore pellet producer Ferrexpo said a court has prohibited the transfer of ownership and other shares-related corporate rights of the company’s subsidiaries in Ukraine.
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China’s younger steel industry slows net zero path, BHP CEO says
China’s steel industry is young compared to Europe’s, and its transition to net zero may be slower as it takes a different path to reach government-mandated decarbonization goals, according to BHP Group Ltd.’s chief executive officer Mike Henry.
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Iron ore price set for weekly gain on prospects of improving China demand
Iron ore futures were mixed on Friday, but set for a weekly gain on mounting anticipation of a pick up in demand in top consumer China amid signs of improving steel consumption.
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Criminals’ attempt to kidnap Peruvian miners quashed
The Pataz Unified Command, whose members hail from the National Armed Forces and the National Police, detained three men in their mid-to-late twenties, who attempted to kidnap a group of miners in the La Libertad region, northwestern Peru.
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Polish court allows Turow coal mine to stay open for now
A Polish coal mine near the Czech border will be able to continue operating for now, the state news agency PAP reported on Wednesday, following the latest in a series of contradictory court rulings.
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Activist Tribeca asks Glencore to move main listing to Sydney
Activist investor Tribeca Investment Partners has called on Glencore to shift its primary listing from London to Sydney and abandon a plan to spin off its profitable coal business, the Financial Times reported on Wednesday.
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Former Vale board member claims political influence in CEO succession
A former board member for Brazilian miner Vale said his decision to step down on Monday came after the firm’s succession process was conducted in a “manipulated manner,” according to his resignation letter seen by Reuters on Tuesday.
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Indonesia understates methane emissions from mining, report says
Methane emissions from Indonesia’s expanding coal mining sector are significantly underreported, jeopardizing the nation’s international climate commitments, according to new analysis from energy think tank Ember.
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US, Canada, Indigenous groups to collaborate on reducing river pollution from BC coal mines
The United States and Canada announced Monday they have agreed to cooperate to reduce and mitigate the impacts of water pollution from coal mines originating in British Columbia’s Elk-Kootenay watershed.
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China coal group says peak demand imminent as clean power grows
China is rapidly approaching peak coal consumption, but the fossil fuel’s role in helping to address energy security concerns means its use will plateau for some time after that, according to the nation’s top industry association.
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Brazil’s CSN net profit soars on mining performance
Brazilian steelmaker and mining group CSN’s net profit jumped by more than fourfold in the fourth quarter, sending its shares higher on Thursday on the back of a solid performance in its mining business.
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