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China's CNOOC 2018 net profit doubles, best performance in 4 yrs

2019-03-22 15:55:06 Company,  Cost & Profit

Chinese state-owned oil and gas producer CNOOC delivered its best performance in four years in 2018 due to an increase in oil and gas...

Maanshan Iron & Steel 2018 net profit jumps 43.94% on yr

2019-03-22 15:41:46 Company,  Cost & Profit

Maanshan Iron and Steel Co., Ltd (Masteel), one of the largest iron and steel complex in China, reaped a net profit of 5.94 billion y...

Steel producer Mechel's 2018 profits fall 7% on lower sales

2019-03-22 09:23:15 Company,  Cost & Profit,  International

Russian steel and coal producer Mechel said on March 21 its 2018 core earnings fell 7% versus the previous year, with lower sales in ...

Longyuan Power gains 4.2 bln yuan of net profit in 2018

2019-03-21 17:07:57 Company,  Cost & Profit

China Longyuan Power Group Co., Ltd, one state-owned wind power generator under CHN Energy, brought in 4.17 billion yuan of net profi...

China Shenhua Feb commercial coal output up 14.7% YoY

2019-03-21 13:55:09 Company,  Production & Sales

China Shenhua Energy Co., Ltd, a listed arm of China Energy Investment Corporation, produced 25.7 million tonnes of commercial coal i...

China Shenhua Feb polythene sales up 12.7% YoY

2019-03-21 13:55:05 Company,  Production & Sales

China Shenhua Energy Co., Ltd, one world-class coal-based integrated energy company, sold 31,900 tonnes of polythene in February, inc...

Anglo earmarks $162m for Australian coal mine rehabilitation

2019-03-21 13:38:18 Company,  Resource,  International

Diversified miner Anglo American announced on March 20 that it would invest more than $162 million to rehabilitate its Australian min...

Taiyuan steelmaker sets ring forging record

2019-03-21 11:23:11 Company,  Nuclear

Taiyuan Iron and Steel Co (TISCO) has set a new record thanks to its production of the world's largest and heaviest weldless integral...

Vietnam's Vinacomin strives to meet increasing demand for coal

2019-03-21 10:45:21 Company,  Production & Sales,  International

The Vietnam National Coal-Mineral Industries Holding Co., Ltd (Vinacomin) had been working to meet the increasing demand for coal for...

Datong Coal Mine launches a 600,000 T coal-to-olefin project

2019-03-21 09:00:28 Company,  MTO

Datong Coal Mine Group Co., Ltd., a state-owned coal mining enterprise based in Shanxi province, started construction of a coal-to-ol...

China's 1st intelligent large mining height coal face project passes experts' appraisal

2019-03-20 17:35:58 Company,  Safety

China's first intelligent large mining height coal face project in an Inner Mongolia-based coal mine with rock burst risk passed expe...

Brazil's Vale to resume work at largest mine in Minas Gerais state

2019-03-20 11:48:20 Company,  Iron Ore

Brazilian miner Vale SA said on March 19 that a local court had cleared the way for it to resume operations at its Brucutu mine, its ...

Coal miner New Hope targets project decision by year-end

2019-03-20 11:34:12 Company,  International

Australian coal producer New Hope Corp expects to decide on whether to reopen a mine and develop an adjacent deposit by year-end, des...

CGN New Energy Feb power sales down 12.5% YoY

2019-03-20 08:35:10 Company,  Price

CGN New Energy Holdings Co., Ltd., one listed company of China General Nuclear Power Corporation (CGN), sold 902.8 GWh of electricity...

Brazil court suspends operations at two more Vale dams

2019-03-19 14:45:20 Company,  Iron Ore

A Brazilian court has ordered Vale SA, the world's largest iron ore miner, to suspend operations at two more dams, demanding that it ...

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Editors Recommendations

1 Weekly global coal market news summary (Mar 18-Mar 22) 2019-03-22

Traders expect Indonesian coal prices to drop further A general consensus was among traders that Indonesian coal prices would go down further in the near term, mainly due to waning demand fro

2 China's coal imports from Mongolia may retreat as domestic production ascends 2019-03-22

China's intake of Mongolian coking coal is expected to decrease with Chinese domestic supply gradually recovering as safety and environmental inspections on mines are coming to an end in key productio

3 China Coal Daily Track (Mar 22) 2019-03-22

Thermal coal Production area Some miners in Yulin of Shaanxi further lowered coal prices amid decreased buying activities; large miners in Shenmu and Fugu cut their bidding prices amid slac

4 Chinese thermal coal prices less likely to surge before late Apr 2019-03-22

Participants in Chinese spot thermal coal market reckoned it less likely for prices of the fuel to rise sharply before late April, when utilities may make large purchases after maintenances.

5 Traders expect Indonesian coal prices to drop further 2019-03-22

A general consensus was among traders that Indonesian coal prices would go down further in the near term, mainly due to waning demand from Chinese buyers. Most traders and end users held

6 China thermal coal prices stabilize on demand 2019-03-22

Spot thermal coal prices showed signs of stabilization falling for over one week, with buying appetite rising from non-power end users and renewed optimism filtering through the market. I

7 China's pricing power facing challenges from new competitors in SE Asian steel market 2019-03-22

Chinese steel mills are facing increasing competitions in the southeastern Asian steel market with its predominant position being challenged by competitors from other countries. Southeast

8 China Coal Daily Track (Mar 21) 2019-03-21

Thermal coal Production area Coal prices fell by 20-30 yuan/t in Shenmu city of Shaanxi as downstream users reduced purchase owing to previous high prices. Miners in Yulin city expected further

9 Indonesian coal prices extend downtrend amid weak demand 2019-03-21

Spot prices of Indonesian thermal coal have extended the downward trend since late last week, as demand weakened after a large purchase from a state-run power producer. On March 20, the F

10 China 5,500 Kcal/kg NAR coal ceases drops as demand improves 2019-03-21

Prices of 5,500 Kcal/kg NAR coal stopped declines that had lasted for seven days at northern China ports, in response to increased buying appetite from cement plants. On March 20, the Fen

Most Read News Stories

1 Mongolia Mining 2018 ROM production up 30.3% YoY 2019-03-18

Mongolia Mining Corporation (MMC), Mongolia's large premium coking coal producer and exporter, recorded a historical high annual run-of-mine (ROM) coal production of 10.9 million tonnes, representing

2 3 dead, 5 injured in Shanxi coal mine accident 2019-03-18

A coal mine accident that occurred in Jiexiu of Shanxi in the afternoon of March 14 had led to three deaths and five injured, said the city government office on March 16. When blasting op

3 Tangshan halts over 40% sintering machines under Level II emergency measures 2019-03-18

Tangshan city in northern China's top steelmaking province Hebei issued second-level emergency steps to combat heavy pollution, requesting more than 40% of sintering machines to suspend production and

4 Weekly China coal market news summary (Mar 18 – Mar 22) 2019-03-22

China's top 3 provinces contribute 68% of raw coal output in Jan-Feb China's three largest coal bases produced 68% of the country's total raw coal in January-February, stable from the 2018 leve

5 China sets antidumping measures on steel products from EU, Japan, South Korea, Indonesia 2019-03-22

China's commerce ministry said on March 22 it will impose temporary antidumping measures on stainless steel billet and hot-rolled stainless steel plate from the European Union, Japan, South Korea and

6 China Shenhua Feb commercial coal output up 14.7% YoY 2019-03-21

China Shenhua Energy Co., Ltd, a listed arm of China Energy Investment Corporation, produced 25.7 million tonnes of commercial coal in February, up 14.7% year on year and 21.8% month on month, the com

7 China Coal 2018 net profit up 49.9% on yr 2019-03-19

China Coal Energy Co., Ltd, a listed subsidiary of China National Coal Group, reaped a net profit of 3.44 billion yuan ($511.82 million) in 2018, jumping 49.9% from a year ago, a record high in recent

8 Underground storage proposed to end winter gas crunch 2019-03-18

China should step up the construction of underground gas storage facilities to meet increasing demand during the peak consumption period in winter, according to Zhang Mingsen, former deputy chief engi

9 Shanxi sets 50 bln yuan to upgrade industries 2019-03-18

Northern China's coal-rich Shanxi province has established a 50-billion-yuan ($7.45 billion) fund to boost the development of its industries, local authorities said lately. The fund, init

10 China Feb power consumption up 7.2% on yr, NEA 2019-03-21

China consumed 489.1 TWh of electricity in February, increasing 7.2% from the preceding year, showed data from the National Energy Administration on March 20. For the residential segment,

Most Read Analysis & Comments

1 China's QHD port boosts inventories to help stabilize coal prices 2019-03-13

Qinhuangdao port, a major coal transfer hub in northern China, is expected to increase coal inflows and build up stocks, in an aim to help rein in recent coal price hikes at coastal market.

2 China coal shipping market languishes again 2019-03-12

China's coal shipping market started to lose strength following a 10-day rise, in line with increasing tepidness in coal trades at northern ports. After thermal coal prices surged to a fr

3 China thermal coal sales hit a roadblock 2019-03-15

Thermal coal sales were hammered in both producing regions and northern transfer ports in China, market sources confirmed with, causing declines in prices of the fossil fuel.

4 Indonesia, Russia coals zero in on Chinese market amid supply gap 2019-03-11

Indonesian and Russian miners zeroed in on Chinese seaborne import thermal coal market after a supply gap emerged along with China's tightened grips on Australian coal and curbed production in domesti

5 Thermal coal market shows sign of slowing at Chinese N ports 2019-03-11

Traders warned there might be downward risks soon for thermal coal traded at ports in northern China when coal mines are allowed to resume production in main production areas. Triggered b

6 Indonesian thermal coal further saps as trades wind down 2019-03-15

Indonesian thermal coal prices further sapped after several days of stabilization, as the sole support of weather-interrupted shipments in Kalimantan and Sumatra has failed to offset the impact of ebb

7 Production resumption may allay supply concerns for thermal coal in China 2019-03-13

Chinese thermal coal miners are gradually recovering operations, boosting expectations that supply shortness will be alleviated later on. As of March 11, three batches of coal mines, 95 i

8 Chinese thermal coal prices retreat despite tight supply 2019-03-12

Spot thermal coal prices lost ground at northern Chinese ports at the start of this week, although supply remained tight at production bases. Bearish sentiment arose in the market and buyers entered "

9 Indonesian thermal coal falls back alongside softening Chinese market 2019-03-12

Prices of Indonesian low-CV thermal coal started to fall back at China's seaborne import market on the first day of this week, in tandem with a weakening domestic market in the world's top buyer of t

10 Chinese thermal coal market shrouded in bearish sentiment 2019-03-15

Bearish sentiment dominated Chinese spot thermal coal market on concerns that northern miners will resume production soon. With the "Two Sessions" due to conclude on March 15, market play

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