As North Korean imports of anthracite coal have waned with sanctions, those from Russia have soared.
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Australia’s Department of Industry, Innovation and Science sees iron ore prices averaging $50 a tonne next year, and dropping to $49 a tonne in 2019.
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At three-month low with $50s now in sight.
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A strong price recovery for the main commodities South Africa mines and exports has helped the country’s sector stage a turnaround in 2017, the first time in five years the industry is back in the black.
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It would have opened up for mining a vast national reserve in the country’s Amazon, larger than the size of Switzerland.
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The most-active coking coal futures on the Dalian Commodity Exchange tumbled as much as 6.5 percent in early trade on Monday.
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The commodity has fallen every week so far in September.
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