24-July-2012 (Tuesday)

International and Domestic Coal News

Coal falls with world markets, China quiet Ship owners waiting for ship prices to fall further before moving in more aggressively Coal India Plans Heavy Spending to Increase Supplies Improve Railways coal delivery for better returns Coal mine allocation: 9 companies under the scanne

Should private container train operators carry coal? Coal India gets cabinet nod for taking over closed unit of FCI in Orissa Thar Coal Block-I : Work on mine development to start in Oct Whitehaven Coal Ltd announces June 2012 quarterly report West Australian state bars coal mining, exploration in tourist region NTPC Invites Bids For 2.6 Million Tons Of Low Moisture Imported Coal New Chairman For Australian Coal Association Indonesian Companies ABM Investama And Avra Asia Work Out Long-Term Co ... Coal Prices In Mixed Trends; Stocks Remain High At Both Ends Tata Power Signs A Long Term Coal Supply Agreement With PT Antang Gunu ... Taiwan Power Company To Import 0.588 Million Tons Of Low Ash And Extra ... HBA Dropped Sharply In July Sub-Bit FOB Indonesia Coal Swap Lost $ 1.26 Per Ton Excess Supply & Weak Demand Keep Coal Prices Low DSP Of SGX Asiaclear OTC Coal Swap's This Weeks Movements Slightly P ... Indonesian Producers Are Planning To Cut Production If Coal Prices Fal ... Asian Coal Trading Community Embraces API 5 And API 8 Minister Denies Coal Export Tax Plan, Endorses Restrictions - The Jaka ... Coal regulator panel likely to meet on July 25 Coal India, DVC commit equipment orders to enable MAMC revival Renewable energy replacing coal-fired Undue favours to 12 firms in coal blocks: CBI Coal Asia offers IPO shares at par value Coal mine owners in legal battle over production Indonesia's June Coal, Nickel Shipments Decline From May Conspiracy against Thar Coal Power Project Bushfire survivor launches coal fight Coal Ministry invites EoI to unearth reserves below mega projects Govt invites EoI to unearth coal reserves under mega projects JSW Energy scouts for coal mines overseas Group of Ministers on coal regulatory bill may meet this week PTC India plans to trade 1.3 mn tonnes coal this fiscal Citizens appealing coal river mountain surface mine approval JSPL to acquire Canadian coal miner CIC Energy for $115 mn Coal exports overseas are increasing from Appalachian Mines ASSOCHAM seeks PM intervention in coal supply to power companies Maharashtra seeks coal, gas to avoid generation loss Tata Power in coal supply pact with Indonesian firm EPA reviews part of power plant rule Coal exports bring unacceptable risks to the environment - Report US EPA to review mercury rule on new power plants EPA to review mercury rule on new power plants Murray Cuts 29 Coal Jobs EPA to Review Mercury Rule for New Coal Plants After Complaints Department of Environmental Protection proposes change to coal mine pollutant ...

Manganese Ore News

New manganese mine in Kalahari takes shape Iron ore export slumps to multi-year low in April-June Bracken International Mining Signes Agreement with Sanit Trading ... BHP Billiton Q2 manganese ore output up 1%; alloy down by half South African iron ore mining output index in May up by 23%

Ferro Alloy News

Vale's manganese ore, ferro-alloy output drops in Q2 2012 Ferro-alloy plant on strike in Georgia New ferroalloy plant worth USD 750 mln to be commissioned in Aktobe in 2013 Metkore Alloys signs ferrochrome metal recovery service contract Ferro-alloys imports into Turkey slowed down in May

Other Raw Material & Mining News

Monday Market Monitor - Iron Ore - WEEK 29 - Dragon bites again Steam building up in thermal coal market Iron ore shipped to Tianjin port fell by 2.1pct on July 19 Anglo CEO gives cautious outlook on iron ore prospects in West Africa Planned listing draws investors - Coal Asia says CITIC Sino Iron mine cost surges to AUD 8 billion -Report Glencore coal strike in Colombia enters 4th day AusGroup awarded new contract for Jimblebar Project El Nino a double blow to coal exporters Ferrex Inc raises GBP 1.015 million through a placing Talga raises USD 2.3 million in placement ahead of iron ore drilling American plc notification on Kumba interim results 2012 PT Garda Tujuh H1 profit increases 72 times Coal mine owners in legal battle over production West Coast Mayors say anti mining petition ill informed Fitch publishes special report on US coal producers Kenya's KES 8.5 billion coal mining project in danger - Report EPA to review mercury rule for coal plants after complaints United Tractors heavy equipment sale dropped by 2.3pct YoY in H1 2012 Downsizing deals - Two coal firms in Pittsburgh announce layoffs Maharashtra seeks coal and gas to avoid generation loss

International and Domestic Steel News

Monday Market Monitor - India - WEEK 29 - No respite despite sparse monsoon Tokyo Steel to hike flat product price for August shipment Chinese high export duty on manganese metal to be reviewed - Report Steel Dynamics profit falls 55% on weaker pricing Japanese BF mills start negotiations for Asia for August and September shipment Mauling continues in Chinese steel market Monday Market Monitor - EU - WEEK 29 - Outlook remains negative for H2 Macroeconomic indicators - Indian economy to grow at slowest pace in 10 years - Poll Natural resources can not be exclusive domain of government - Mr Ruia TATA Steel looking to Asia and Africa for growth Indian needs to surpass global thermal coal availability by 2017 5 dead as tower in steel factory collapses in Raigarh SAIL and NINL merger proposal scrapped - Report Steel companies allege NMDC ore export price lower than local rate Jharkhand steel dreams hit by Saranda orders CIL invites EoI to extract coal reserves below mega projects JSPL to buy CIC Energy for USD 115 million - Report Nippon Paint makes debut in Bangladesh Mahindra to roll out first tractor from plant in Andhra Pradesh JSW Energy scouting for thermal coal mines overseas

DLF receives nod for selling wind power unit North Eastern Grid goes down due to water shortage PTC India plans to trade 1.3 million tonnes coal this fiscal Auto parts makers edgy over Maruti strike MRPL handles its 5000 ship TTDB and TATA Steel initiate massive plantation drive at Tara Tarini Hill Shrine Monday Market Monitor - EU - WEEK 29 - Outlook remains negative for H2 CSC to cut domestic prices for September shipment Japanese steel majors profit in April to June quarter to dip Downsizing deals - Reorganization likely at Ascometal Chinese rising steel exports slam Asian steel producers - Report Global DRI production figure for June 2012 Monday Market Monitor - Scrap - WEEK 29 - In stable mode RG Steel sold Steubenville Plant - Report Striking workers at Halyvourgia steel mill vote for more action Praxair starts up new air separation unit for Gerdau's Colombia plant EU 27 BFI production figure for June 2012 Rautaruukki lowers profit outlook for FY 2012 EUROFER economic and steel market outlook 2012-13 - Automotive US oil and gas rig count dropped by 18 to 1935 last week Sandvik Materials Technology report on Q2 and H1 2012 Macroeconomic indicators - US building permits and housing starts rise in June Other Europe crude steel production figure for June 2012 Intl Steel Structures to share with the world its building technology Mazda Motor sold 70pct stake for JPY 21 billion to Itochu Renault and Nissan to invest USD 160 million South Korean plants Philippine car imports up by 28pct YoY in H1 2012 South Korea starts commercial operations at New Gori 2 reactor Macroeconomic indicator -Seoul FDI up by 57pct YoY in H1 2012 Oi Nuclear Plant's No 4 reactor to begin generating power on July 21

Scrap News

Taiwanese stainless scrap imports up by 9pct MoM in June Italian spot scrap prices remain steady since last week How Much Is A Scrap Of Royal Wedding Toast Worth? Weak scrap metal markets blamed for Minnesota layoffs Declining gold price cuts scrap sales by a half China's domestic scrap prices still falling Ukrainian scrap prices seen bouncing as mills restock Scrap FIPB to energise investment Chinese buyers shun scrap imports on weaker domestic prices TSI's scrap reference prices stabilise; US sentiment up Weekly scrap wrap-up: US prices look to rise for August Base metal prices-Mumbai-JUL 21 Today's Apps Gone Free: Scrap It: Summer Time HD, Note'd, Save The Pencil ... Ferrous Scrap Loses More Value in Early July Credit Suisse Raises Price Target on Nucor (NUE) Livestock, ethanol producers scrap over mandates Asia Gold-Higher prices trigger selling; summer demand tepid Buy Nucor: The Worst Is Priced In Nucor Reports Results For Second Quarter And First Half Of 2012 Shagang cuts scrap prices again; market prices plummet

--