Rio Tinto iron ore train derails in WA
NewsAn investigation has been launched following an iron ore train crash near Karratha involving a Rio Tinto autonomous train colliding with stationary wagons.
With oil prices still pushing record levels and coal demand from China and India running strong most analysts are quietly optimistic that there will be no sudden fall in prices. Morgan Stanley recently raised its expectations for long term coking coal prices describing the outlook for coking coal producers as “very bright,” adding that “despite a step change in hard coking coal pricing, with recent settlements quoted at US$125/t and higher, the number of new mine developments announced has been
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