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Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS


Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mine is estimated to contain within itself 7-8 billion tonnes of coal reserves. This has been informed by the Adani Enterprises in a press meet and as per sources this has been a major deal for the Indian Inc.

Adani Enterprises has acquired the coal mine for its subsidiary, the Singapore based Adani Global.

From the $1 billion, Adani is supposed to part from the first tranche of $435 million in the following few days.

The remaining payment is slated to be made over the next few months.

Adani Enterprises has planned to invest largely in the project in order to produce a target of over 50 million tonnes of coal in the following 3-4 years. 

However, the ultimate status of the deal is expected to be announced within mid-August of this year and Adani Enterprises has refused to say anything regarding the development of this project so far.
Source: Top News



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Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...


Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...


Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...


Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today. According to our market sources, Coas ...


Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...


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