Chinese coal traders shrug off Indonesian coal export ban
Utilities in the region are fully relying on long-term contract supplies from domestic mines, and do not need to purchase from the spot market at the moment, said a Chinese coal trader.
The Silangan copper and gold mine could be Philex's biggest source of revenue after its 61-year-old Padcal mine in the north is expected to close in 2022.
Chinese coal traders are reported to have cut back on buying from Australia after the length of time taken by customs to clear cargoes reportedly doubled.
Kyrgyz gold producer Chaarat and Turkish mining and mine construction contractor Çiftay want to collaborate on the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.