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Donkin coal mine in Cape Breton closing permanently

cbc.ca on MSN.com - 3/30/2020 2:49:25 PM
The underground Donkin coal mine in Cape Breton is closing permanently. Operator Kameron Coal announced the decision on Monday morning, saying the shutdown is due to geological conditions in the mine,

COLUMN-Coal beats gold (and other commodities) amid coronavirus gloom: Russell

Reuters - 3/17/2020 6:27:00 AM
Amid carnage in the oil markets, and sharp losses for other commodities such as copper, you may be tempted to think gold is the best option for a positive return. But coal beats the metal. Coal’s image is increasingly that of a pariah fuel,

Metal Prices Boosted By A South African Move To Close Its Mines

Forbes - 3/24/2020 7:46:00 AM
A major “outage” event, the closure of South Africa’s big mining industry for 21 days, is expected to flow into the prices of a wide range of minerals and metals.

Are iron ore, steel and coal prices having a Wile E. Coyote moment?

Sydney Morning Herald - 3/20/2020 2:01:00 AM
E. Coyote and just haven't realised it yet?Credit:AP Iron ore, Shanghai steel futures and Australian coking coal have up until now been sharing something that is increasingly at odds with virtually every other commodity, namely that their prices have held up in the face of mounting economic gloom. Benchmark 62 per cent iron ore for delivery to ...

China is about to accelerate coal production and these ASX small caps could benefit

Stockhead on MSN.com - 3/25/2020 3:26:32 AM
And with China now returning to work coal is tipped to be another beneficiary of the post-COVID ramp-up. Especially since the Asian behemoth just gave the green light to an extra

Finally, Gravity Is Reasserting Itself On Iron Ore Prices

Seeking Alpha - 3/26/2020 9:59:00 AM
Just as we were about to go to press with an article on the surprising resilience of seaborne iron ore and coking coal prices in Asia, the market in Asia closed

UPDATE 1-New Hope sees lower coal prices, higher costs thinning 2H profits

Reuters - 3/24/2020 1:24:00 AM
Australian coal producer New Hope Corp said on Tuesday that attributable profit after tax fell 46% in the first half as it flagged slimmer second-half profits on the back of weaker coal prices and lower production.

COLUMN-Are resilient iron ore, steel and coking coal having a Wile E. Coyote moment?: Russell

Reuters - 3/19/2020 6:14:00 AM
(Repeats item issued earlier. The opinions expressed here are those of the author, a columnist for Reuters.) LAUNCESTON, Australia, March 19 (Reuters) - China’s iron ore and steel markets appear to be taking a risky bet that Beijing’s yet-to-be-announced stimulus measures will be enough to offset a looming global recession as the coronavirus spreads across the world.

Corsa Coal Announces Financial Results for Fourth Quarter and Full Year 2019

Business Insider - 3/30/2020 9:15:00 PM
Corsa Coal Corp. (TSXV: CSO; OTCQX: CRSXF) ("Corsa" or the "Company"), a premium quality metallurgical coal producer, today reported financi

The State of China Commodities: A Slow & Unsteady Recovery

Bloomberg on MSN.com - 3/18/2020 11:23:50 PM
Supply and demand in China’s gigantic commodities industry show how the world’s biggest consumer is making a gradual but uneven return to normality after being ravaged by the coronavirus. While oil refining and coal use slowly trend higher as factories resume operations and people get back in their cars and return to work,