Australia notified China of Adani coal mine approvals in letter

SYDNEY, Oct 26 (Reuters) – Australian politicians told China of government approvals for a controversial A$16.5-billion ($13-billion) coal mine project being built by Indian conglomerate Adani Enterprises, a panel of senators heard on Thursday. Thousands of people turned out across Australia this month to protest against the project in northeastern Queensland state, which Adani has[…]

Chinese coal imports from North Korea plummet

According to Chinese customs data released on Tuesday, the country imported 512,000 tonnes of coal – mainly the steelmaking variety – from North Korea in September. Volumes were down 71.6% from the same month last year as Beijing institutes the latest round of UN  sanctions on the rogue regime. While the UN Security Council ban on Pyongyang’s sale of[…]

UNEP urges mining companies to better manage tailings facilities

The United Nations Environmental Programme released a report titled “Mine tailings storage: safety is no accident,” where the organization urges mining companies to put safety first and avoid erecting dams using methods that are known to be high risk. “The United Nations Environment Rapid Response Assessment on mine tailings looks at why existing engineering and[…]

China iron ore makes biggest monthly drop since May 2016 as demand concerns rise

China iron ore futures made their biggest monthly decline since May 2016 amid increasing concerns about demand as government inspections have curtailed steel production and ample inventories. The Dalian Commodity Exchange’s most-traded iron ore contract, for January delivery, closed down 0.98 percent at 454.5 yuan ($68.45) per tonne. This means the contract has fallen 19[…]

China bought tonnes of North Korean coal

North Korea’s biggest trading partner imported 1.64 million tonnes of coal in August, despite a supposed embargo imposed by Beijing to comply with the UN sanctions aimed at stopping Pyongyang’s nuclear ambitions. According to CNN, even though China announced in February that it would halt all coal shipments from its smaller neighbour through the end[…]