Elk Valley Resources’ Post

An article from Stockhead highlights the robust enthusiasm for coking coal, which is critical for steel production. This optimism is leading Glencore to reconsider plans to spin off its coal assets. This shows the crucial importance of coking coal in global steel production, which has become an indispensable component in industrial processes. With Glencore potentially retaining its coal business due to the market’s positive outlook, it highlights the favourable conditions and sustained demand for coking coal. The strong demand for coking coal reinforces the importance of Valory’s Premium Low-Volatile coking coal projects, which aim to supply this crucial resource to the steel industry. Valory’s focus on high-quality coking coal aligns perfectly with the industry’s needs, ensuring it can meet the growing demand from steelmakers. The article indicates that the market conditions are expected to remain strong. The continuing demand for coking coal, driven by its critical role in steel production, ensures that companies like Valory have a strong future. https://lnkd.in/g9UneGMU

Queensland faces many challenges, but this one could go either way. How will Green Steel impact the Queensland Metallurgical Coal industry? The demand for the Iron Ore industry to meet environmental demands while maintaining a competitive advantage and responding to investor pressure could have a profound impact. Meeting Environmental Demands: Hydrogen-based direct reduction ranks as the most advanced non-coal-based technology in primary steelmaking, offering substantial potential for mitigating CO2 emissions. Competitive Advantage: The cost premiums of hydrogen-based steel production could be negated by electricity prices, and harnessing renewable energy sources is a competitive advantage. Thus, the market dynamics of iron ore and steel are increasingly influenced by energy costs and carbon pricing mechanisms. Investor Pressure: Companies are responding to investor pressure with commitments to spend billions on decarbonisation. The Impact on Australia: The transition to green steel has profound macroeconomic implications for Australia, home to some of the world's largest iron ore and metallurgical coal reserves. Source: The Australian Financial Review #GreenSteel #SustainableMining #RenewableEnergy #ClimateAction #InnovationInSteel #AustraliaMining #Decarbonization #HydrogenEconomy #InvestInGreen #FutureOfSteel #Coal #IronOre Rio Tinto BHP Anglo American

@Bens Creek said it had executed an agreement with Avani Resources, its largest shareholder, for the delivery of 400,000 (+/- 10%) short tons of High Vol B metallurgical coal. Delivery is expected to be made over 12 months, subject to any train delays, starting from 1 April 2024 unless otherwise mutually agreed between Bens Creek and Avani. The intention is to supply three to five trains per month subject to levels of coal production and train availability, added the West Virginia-based coal miner. Bens Creek added that the coal is being purchased by Avani at a price which will be in line with the prevailing market rates for the sale and purchase of High Vol B coal. The agreement, which is a non-exclusive contract, also allows the company to place up to 240,000 (+/- 10%) additional short tons with other buyers on the same terms and conditions.  More at #Proactive #ProactiveInvestors #AIM #OTC #BEN #BENCF #coal #trains http://ow.ly/K9jn105k7qK

Queensland faces many challenges, but this one could go either way. How will Green Steel impact the Queensland Metallurgical Coal industry? The demand for the Iron Ore industry to meet environmental demands while maintaining a competitive advantage and responding to investor pressure could have a profound impact. Meeting Environmental Demands: Hydrogen-based direct reduction ranks as the most advanced non-coal-based technology in primary steelmaking, offering substantial potential for mitigating CO2 emissions. Competitive Advantage: The cost premiums of hydrogen-based steel production could be negated by electricity prices, and harnessing renewable energy sources is a competitive advantage. Thus, the market dynamics of iron ore and steel are increasingly influenced by energy costs and carbon pricing mechanisms. Investor Pressure: Companies are responding to investor pressure with commitments to spend billions on decarbonisation. The Impact on Australia: The transition to green steel has profound macroeconomic implications for Australia, home to some of the world's largest iron ore and metallurgical coal reserves. Source: The Australian Financial Review #GreenSteel #SustainableMining #RenewableEnergy #ClimateAction #InnovationInSteel #AustraliaMining #Decarbonization #HydrogenEconomy #InvestInGreen #FutureOfSteel #Coal #IronOre Rio Tinto BHP Anglo American

Queensland faces many challenges, but this one could go either way. How will Green Steel impact the Queensland Metallurgical Coal industry? The demand for the Iron Ore industry to meet environmental demands while maintaining a competitive advantage and responding to investor pressure could have a profound impact. Meeting Environmental Demands: Hydrogen-based direct reduction ranks as the most advanced non-coal-based technology in primary steelmaking, offering substantial potential for mitigating CO2 emissions. Competitive Advantage: The cost premiums of hydrogen-based steel production could be negated by electricity prices, and harnessing renewable energy sources is a competitive advantage. Thus, the market dynamics of iron ore and steel are increasingly influenced by energy costs and carbon pricing mechanisms. Investor Pressure: Companies are responding to investor pressure with commitments to spend billions on decarbonisation. The Impact on Australia: The transition to green steel has profound macroeconomic implications for Australia, home to some of the world's largest iron ore and metallurgical coal reserves. Source: The Australian Financial Review #GreenSteel #SustainableMining #RenewableEnergy #ClimateAction #InnovationInSteel #AustraliaMining #Decarbonization #HydrogenEconomy #InvestInGreen #FutureOfSteel #Coal #IronOre Rio Tinto BHP Anglo American

Queensland faces many challenges, but this one could go either way. How will Green Steel impact the Queensland Metallurgical Coal industry? The demand for the Iron Ore industry to meet environmental demands while maintaining a competitive advantage and responding to investor pressure could have a profound impact. Meeting Environmental Demands: Hydrogen-based direct reduction ranks as the most advanced non-coal-based technology in primary steelmaking, offering substantial potential for mitigating CO2 emissions. Competitive Advantage: The cost premiums of hydrogen-based steel production could be negated by electricity prices, and harnessing renewable energy sources is a competitive advantage. Thus, the market dynamics of iron ore and steel are increasingly influenced by energy costs and carbon pricing mechanisms. Investor Pressure: Companies are responding to investor pressure with commitments to spend billions on decarbonisation. The Impact on Australia: The transition to green steel has profound macroeconomic implications for Australia, home to some of the world's largest iron ore and metallurgical coal reserves. Source: The Australian Financial Review #GreenSteel #SustainableMining #RenewableEnergy #ClimateAction #InnovationInSteel #AustraliaMining #Decarbonization #HydrogenEconomy #InvestInGreen #FutureOfSteel #Coal #IronOre Rio Tinto BHP Anglo American

Whitehaven Coal reported softer coal sales for the March quarter which fell 17 per cent to 3.12 million tonnes, compared to the prior quarter. The company posted an average coal price per tonne of $219 for the quarter, which was a 1 per cent decline on the December quarter. Meanwhile, run-of-mine production of 4.4 million tonnes was 13% lower than the previous quarter. #WhitehavenCoal #CoalSales #MarchQuarter #ProductionUpdate #CoalIndustry #ResourceSector #PriceDecline #AveragePrice #RunOfMine #ProductionDrop #CoalMarket

Government #received 44 #bids in the #10th round of #commercial #coal mine auction, know #details – #Global #News #Desk 44 bids have been received for 67 coal blocks put up for sale under the 10th round of #auction of commercial mines. The #government gave this information on Friday. A total of 44 bids were submitted in physical form. The Coal Ministry had put 67 coal mines up for sale in the 10th round of commercial mine auction in June. The coal ministry said in a statement that the substantial number of bids underlines the continued interest and participation of stakeholders in India's emerging coal sector, PTI reported. Got good response in the industry According to the news, there has been considerable participation from small and medium-sized players in the auction https://lnkd.in/euYcSkHV #coalmine #coalmineauction #coalmines #commercialcoalmineauction

Norsk Hydro, one of Europe’s top aluminum producers, recently reiterated that high interest rates and poor construction demand will likely pressure aluminum demand. The company believes that certain regions will see a 50% drop year-over-year in construction and building demand. Because of this, they predict that aluminum demand won’t recover until at least 2H2024. If interest rates stay high through 2H2024, aluminum demand won't recover this year, they believe. Norsk Hydro made these comments in an interview with the Financial Times on Monday. (Source: Bloomberg)   #commodities #trading #markets #metals #economy #economics #hedgefunds #hedgefund #money #investing #investment #business #familyoffice #oil #energy #finance #mining 

Big news: Consolidated Copper Corp has successfully restarted the Tschudi copper plant, producing LME Grade A copper cathode in Namibia for the first time in four years. CEO John Sisay said: "Tschudi has the potential to rival the great copper mines of the Central African Copper Belt. Yet, the true measure of our success will lie in the benefits experienced by the local community and our contribution to the clean energy value chain.” The Tschudi mine is the first phase in CCC's plan to sustainably recommission three brownfield copper mines in Namibia, reinforcing our commitment to Responsible Copper. Recommissioning the plant has also resulted in 61 new Namibian jobs, with more than 75% of the budget for this first phase of the mine restart spent locally. Watch below for an exclusive insight into CCC's Tschudi operation: https://lnkd.in/eMXAybux