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Tag: china

China coal boycott a stand-off of convenience

Written by dev on . Posted in All News, Coal.

Australian coal was being used as a tap to be turned on by Chinese steel mills and power stations when convenient according to one resource analyst.

The miner’s union says ships at anchor in the South China Sea are holding Australian coal worth between AUD500 million and AUD700 million.

There could be as many as 70 ships that have been held at bay for months on false quality concerns said CFMEU mining division Queensland state secretary, Steve Smythe. 

The ships were a floating reserve for Chinese steel mills and power stations said Fat Prophets Resource Analyst David Lennox. . .

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A brief history of coal mining

Written by dev on . Posted in All News, Coal, Copper, Exploration.

Did you know that Taronga Park Zoo was the site of a proposed coal mine? Or that coal was first mined in Ipswich in 1825. This from Geoscience Australia.

The earliest recognized use of coal is from the Shenyang area of China around 4000 BC where black lignite was carved into ornaments. Coal from the Fushun mine in north-eastern China was used to smelt copper as early as 1000 BC.

Marco Polo, the Italian who travelled to China in the 13th century, described coal as "black stones ... which burn like logs", and said coal was so plentiful, people could. . .

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Iron ore on strong course despite China storm

Written by dev on . Posted in All News, Coal.

China’s reliance on Australian iron ore will likely prevent the steelmaking commodity from being used as a lever in trade tensions between Australia and its biggest trading partner, according to local miners.

After the Morrison government called for an investigation into the origins of the coronavirus in April, China restricted imports of Australian beef and barley and ordered an anti-dumping investigation into Australian wine. 

News broke this week of China curbing Australian coal imports but it remains unclear whether the move is a tactical industry play or an escalation of the economic pressure it has deployed in. . .

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Trade diversification at the Port of Weipa

Written by dev on . Posted in All News.

North Queensland Bulk Ports has assisted the kick-start of mineral sands exports from Port of Weipa in Far North Queensland.

NQBP recently supported Clear Logistics Australia to facilitate the export of up to 70,000 tonnes of mineral sands.

Two shipments have made their way to China in recent months since Clear Logistics Australia sought the opportunity discovered at Urquhart Point, on the South Bank of the Embley River about 5km from Weipa.

Clear Logistics is a part-owner of Green Coast Resources, better known for its bauxite operations at Weipa’s Hey Point.

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