Australia

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GFG Alliance finalizes new financing for Wyalla plant – Gupta

Group issues statement after claims of numerous debts

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Global iron ore exports grew by 2% y/y in 2024

Australia exported 866 million tons of this raw material last year

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Australia reduced coking coal exports by 23% m/m in January

Deliveries to India and China fell sharply due to weak demand

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Iron ore exploration expenditures in Australia reach peak in 10 years

In the third quarter of 2024, they amounted to $134.9 million, growing by 9.7% year-on-year

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Australia predicts stabilization of coking coal prices

Iron ore prices will fall in the future due to softening demand and new supply

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BHP and Rio Tinto to build a pilot green pig iron plant in Australia

The start of commercial operation is expected in 2028

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Rio Tinto expects ore production to grow by 15 million tons in 2023-2025

In addition to increasing its production performance, the company is actively promoting its decarbonization strategy

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Anglo American sells Australian coking coal mines

The buyer will be the American Peabody Energy, the amount of the deal is $3.8 billion

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Australia reduced iron ore exports by 4% y/y in October

Compared to September, iron ore supplies fell by 9.7%

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Fortescue increased iron ore shipments by 4% y/y in July-September

Sales volumes reached 47.7 million tons

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Australia increased coking coal exports by 19.5% y/y in September

Compared to August, foreign supplies of these raw materials fell by 0.8%

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Australia increased iron ore exports by 2.4% y/y in January-September

In September, these volumes increased by 3.2% compared to August – up to 75.9 million tons

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