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Mongolia Energy Corp, a former technology company that remade itself into a natural resources developer in 2007, will deliver its first coking coal cargo this August and is also looking at projects beyond Mongolia, a senior executive said.

Mineral rich Mongolia is attracting more attention from global investors after a deal in October with Ivanhoe Mines and Rio Tinto to develop the $3 billion Oyu Tolgoi mine, one of the world’s biggest untapped copper and gold deposits.

Nippon Steel Corp., Japan’s largest steelmaker, will pursue investments in iron ore and coal mines, joining rivals in a bid to curb costs and secure supplies of the steelmaking ingredients.

The company wants to supply 50 percent of its raw material needs by buying stakes in mines or developing new ones “as early as we can,” Executive Vice President Shinichi Taniguchi said March 4 in an interview in Tokyo. Mines partly owned by the mill supply 35 percent of its iron ore and 25 percent of its coking coal needs.

Nippon Steel Corp., Japan’s largest steelmaker, will pursue investments in iron ore and coal mines, joining rivals in a bid to curb costs and secure supplies of the steelmaking ingredients.

The company wants to supply 50 percent of its raw material needs by buying stakes in mines or developing new ones “as early as we can,” Executive Vice President Shinichi Taniguchi said March 4 in an interview in Tokyo.

Essar Group said its purchase of Trinity Coal Corp., the Indian company’s first overseas coal mine acquisition, will help lock in raw materials with...

Coking coal supplier’s annual talks with steelmakers to improve the benchmark contract price for 12 months from 1 April. Raw material suppliers of steel demand change coking coal pricing system. Coking coal suppliers want coking coal prices per quarter than the annual contract.

JFE Steel Corp. Is the largest steel manufacturer in Japan is planning investments worth 50 billion yen in the coal mines owned Qcoal Pty.. Coal mines located in Queensland, Australia. JFE Steel Investment in this coal mine will provide the right shares by 20 percent.

Teck Resources Limited announced today new coal production guidance for 2010. Teck now expects coal production in 2010 to be 23.5 to 25 million tonnes and is actively planning for further production increases in 2011 and 2012. Teck President and CEO Don Lindsay said: “Our coal team is focused on near term expansion opportunities in light of the tight market that we expect for high quality hard coking coal. We are fortunate to be able to add production with relatively small incremental capital.” While capital budgets are still under review, Teck expects its overall capital spending...

Growth in China’s industrial sector is always getting the attention of mining companies, because the growth of industrial sector affects the growth of the global industrial sector.

Growth in demand for raw...