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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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Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sour ...


Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...


Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...


Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...


Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that,  prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...


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