Thermal and coking coal production have helped the overall balance of goods and services to record levels in July, according to Australian Bureau of Statistics (ABS) trade data.
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Potential ‘cold war’ with China could wreak havoc for mining
Oxford University professor of globalisation and development Ian Goldin has warned the Australian mining sector that tensions with China could escalate into a 'cold war' with further impacts on supply chains.
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Iron ore price returns to above $US200/tonne
Iron ore prices reached $US208.67 ($268.72) per tonne on Tuesday after reports flagged a potential easing of production cuts at Chinese steel mills.
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Coal price rise boosts New Hope
New Hope Group has flagged that the monthly average thermal coal price at its New South Wales operations have increased by 78 per cent since September 2020.
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China looks to control commodities for stability
In the wake of record-high copper, iron ore and steel prices, Chinese Premier Li Keqiang has made clear the country’s need to control the commodities to ensure China’s economic stability.
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Pilbara Ports Authority retains strong iron ore exports
Western Australia’s Pilbara Ports Authority has maintained strong iron ore shipments from Port Hedland during April as prices have surged.
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Venture Minerals to capitalise on strong iron ore market
Venture Minerals has started commissioning for its wet screening plant at the Riley iron ore mine in Tasmania.
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Orica seeks sale of Minova
Orica has put subsidiary Minova up for sale following hampered market conditions and the halving of overall earnings.
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Iron ore price eclipses $US230/tonne
The price of seaborne iron ore has jumped to a record $US230.56 ($294.52) per tonne, just after it surpassed the $US200 per tonne mark.
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Copper price rockets to all-time high
Copper has topped its record price after reaching $US10,361 ($13,200) per tonne on the London Metal Exchange (LME) last week.
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Australia-China trade tensions escalate
China’s National Development and Reform Commission (NDRC) has suspended economic communications with Australia, which emphasises Beijing's move away from Australian commodities.
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Iron ore price breaks $US200/tonne
Iron ore prices have hit another record mark, surpassing $US200 ($259) per tonne to outdo last month’s historic high.
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Venture iron ore to set sail from Riley
Venture Minerals is less than two weeks away from commissioning the wet screening plant at the Riley iron ore mine in Tasmania.
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Iron ore loses steam amid crackdown on China’s steel mills
Iron ore prices for Australian fines imports to China have recovered to US$160.1 ($210) per dry metric tonne after falling to a six-week low earlier in the week.
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Australian copper production declines in 2020
The International Copper Study Group (ICSG) has found that global copper mine production remained stable in 2020 despite production declines in Australia.
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BHP expands EV research with Chinese think tank
BHP has agreed to support Automotive Data of China in a two-year partnership to develop the research of electrified transport.
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Coronado reinforces positive coal outlook
Coronado Resources is expecting demand from international markets for its metallurgical coal will climb 14 per cent by 2030.
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Tight supply and demand of iron ore to stay: BHP
BHP expects iron ore demand will remain strong due to increases in Chinese steelmaker activity.
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Iron ore prices resurface after dive
The price of Australian iron ore fines has moved back above $US150 ($US196.31) per dry metric tonne after sharp falls in recent weeks.
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Yancoal plots NSW coal mine expansion
Yancoal has flagged the possibility of an underground operation at the Mount Thorley Warkworth thermal and coking coal project in New South Wales.
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