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Tuesday, 28 July 09
SHENZHEN ENERGY INKS COAL PURCHASE CONTRACT WITH CHINA SHENHUA


China Knowledge reported that, Shenzhen Energy Group Co Ltd has signed a five-year contract with China Shenhua Energy Co Ltd, which is engaged in the coal mining, power generation and transportation businesses, to purchase a total of 27.5 million tons of coal in the period from 2009 to 2013, sources reported.

According to the contract, the Shenzhen-listed company will purchase 4.5 million tons of coal from China Shenhua Energy each year between 2009 and 2011, and will purchase 6.5 million tons in 2012 and 7.5 million tons in 2013. The annual purchase volume may be adjusted by about 10%.

This year, Shenzhen Energy's purchase of coal from China Shenhua Energy will satisfy 50% of Shenzhen Energy's total coal needs.

Reportedly, in the second quarter of this year, Shenzhen Energy reaped a total of RMB 415 million through shareholding cuts in GD Midea Holding Co Ltd, Bank of Communications and Guangdong Shaoneng Group Co Ltd

Source: China Knowledge



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Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...


Wednesday, 05 August 09
PEOPLE'S MINING SHOULD BE REGULATED UNDER RPP MINERBA
The Indonesian Institute of Science (LIPI) has called on the government to include a specific provision for people’s mining in the draft govern ...


Tuesday, 04 August 09
SRI LANKA IS LOOKING FOR 650,000 TON OF COAL NEXT YEAR FOR ITS FIRST 900 MW POWER PLANT.
COALspot.com ( Sri Lanka) : Lanka Coal Company Limited was issued a tender on 23 July 2009 to purchase 650,000 +/- 20% MT Bituminous Coal per a ...


Monday, 03 August 09
ONE YEAR CHARTER RATES FOR SUPRAMAX WAS AT AROUND USD 18,500 - VISTAAR SINGAPORE
COALspot.com (Singapore) : The freight market was flat this week with hardly any change in the BDI.The cape was up by about 4 pct and closed at 5,38 ...


Saturday, 01 August 09
APGENCO SAYS BOUGHT 500,000T MALAYSIAN COAL
The Malaysian Insider reported that, Indian state utility Andhra Pradesh Power Generation Corporation Ltd (Apgenco) has bought 500,000 tonnes of Mal ...


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