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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 has increased by 78 per cent since September 2020. The company aimed to establish demand in new markets following China’s ban of Australian coal last year. The...

Coal Trades At $102 Per Tonne, Highest Since 2018

Coal futures were trading around $102 per tonne, a level not seen since December of 2018, as miners struggle to meet robust demand, particularly from China and supply remains constrained. Electricity consumption in China, a key barometer of economic activity, grew...

Research reveals formation of ultra high-grade gold

The high-grade Fosterville mine in Victoria. Image: Kirkland Lake Gold The secret behind the formation of bonanza gold deposits has been revealed by two researchers from Canada’s McGill University. Professor Anthony Williams-Jones of the Department of Earth and...

China looks to control commodities for stability

In the wake of record-high copper, iron ore and steel prices, Chinese Premier Li Keqiang believes the country needs to manipulate its commodities to ensure China’s economic stability. A UBS research report suggested multiple possible avenues for China, all with...