The union government on Thursday decided to call a meeting of country’s iron ore producers next week to discuss problems faced by the sector.
Speaking to reporters here, Commerce Secretary G.K. Pillai said: “We have called a meeting of the iron ore producers on 1st April. We will persuade them to reduce prices and any hike [...]

Shenhua Energy Co. Ltd. , China’s top producer of coal, sold 18.5 percent more coal in 2006 as power suppliers and steel manufacturers propped up demand for the black hydrocarbon.
Shenhua sold 171.1 million tonnes of coal last year, of which 23.9 million tonnes was exported — a rise of just 2.6 percent.
It produced 12.5 percent [...]

Spot coal prices have plummeted over the last 12 months and shares of most coal producers have gone along for the ride, but overall pricing in the industry is surprisingly robust.
Until this summer, spot coal prices, or the price a customer might pay in a one-time transaction for immediate delivery, were riding high. According to [...]