The project kicked off construction in January last year with an investment of 4.125 billion yuan ($564 million).

It found that mild weather over Australia's winter led to lower demand for electricity over the period.

With robust signs from the realty and construction sectors, the steel market will recover soon, he added.

Japan’s JFE Steel Corp is in talks to buy a stake in the metallurgical coal business of Canada’s Teck Resources, two people aware of the development said, adding to the list of suitors that also includes miner Glencore.

China exports 17002.979 tons of calcium metal from January to September.

China exports 1762.508 tons of calcium metal in September 2023

Coal miner Whitehaven Coal has struck $3.2-billion deal with diversified miner BHP and Mitsubishi Development to acquire the Duania and Blackwater metallurgical coal mines in Queensland.

Iron-ore production in the first quarter ended September fell by 3% on the previous quarter, to 63.2-million tonnes