Mitsui produces coking coal
and thermal coal at its Moura and Theodore coal mines via a joint venture with Anglo Coal Australia Pty., a subsidiary of Britain's Anglo American Plc., the report said.
Japanese steel mills and Australian coking coal
producers have agreed on a 7.5% price rise.
German coal company RAG Aktiengesellschaft received regulatory clearance from the European Commission on November 17 for its plans to take sole control of Burton Coal Joint Venture, an Australian mine-owner producing primarily coking coal
. In a statement, the Commission explained that its Merger Task Force's routine investigations showed that the deal would have "significant effects" on the German market for coking coal
, but would not have adverse effects on the competition on this market.
MKM Partners analyst Daniel Scott upgraded Warrior Met Coal to Buy from Neutral and raised his price target to $37 from $31 as part of his broader research note titled "Coking Coal
Still on a Roll".
As part of the agreement, Mechel will annually supply JFE Steel up to 1m tonnes of metallurgical coals, mostly coking coal
concentrate produced by Yakutugol Holding Company OAO, as well as coking coal
concentrate produced at the Elga coal deposit.
The Company has been progressing an exploration drilling programme to test extensions to the existing Ovoot Project coking Coal
We think that the negative price trend a which has already lasted for four consecutive quarters a is not over, as demand for coking coal
on the domestic and export markets remains sour.
Goldman Sachs has increased the target price of Winsway Coking Coal
(1733.HK), one of the leading suppliers of imported coking coal
Roongta told Mail Today, " Post- expansion, SAIL plants will require larger volumes of iron ore, coking coal