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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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Monday, 20 July 09
INDONESIA PRODUCES 72 MILLION MT IN FIRST HALF OF YEAR: OFFICIAL
Indonesia produced 72 million mt of coal in the first half of 2009, or 31.3% of the government’s target this year, a senior government officia ...


Sunday, 19 July 09
JINDAL S&P IN TALKS TO BUY SA COAL MINE FOR RS 350-400 CR (US$ 80 - 90 MILLION)
Economic Times reported that, Naveen Jindal-led Jindal Steel & Power (JSPL) is acquiring a thermal coal mine in South Africa, a top company exec ...


Saturday, 18 July 09
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Saturday, 18 July 09
THE FUTURE FOR SUPRAMAX FOR NEXT 3 YEARS TILL 2012 WOULD BE AROUND US$ 13,500 PER DAY - CAPT. REDDY
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Friday, 17 July 09
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