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Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.91mln tons of coal, a reduction of 43.2% compared to 3.37mln tons in same period of 2008, but up by 54% month on month.
In June 2009, China's coal exports created the low point of 1.14mln tons, till now it successively climbed month on month for three months.
Analysts thought that the summer coal-using peak in Northern Hemisphere may be the main reason pushing up the coal exports, and the generally restoring global economy may also drive the coal demand.
However, coke demand continues sluggish, in January-August, coke exports were 320,000 tons accumulatively, among them, in August, the coke exports were 40,000 tons. General Administration of Customs analyzed that due to the influence of the international financial crisis, the world's steel demand remained weak, large-scale enterprises all over the world began to reduce production, and coke demand became shrink.
In addition, the major coke importer such as Brazil, India generally increased assorted production capacity, more tending to import coking coal and automatically smelting coke, and gradually reduced the dependence on China's coke.
Source: Alibaba
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Thursday, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent ...
Thursday, 18 June 09
MORE FUNDS FOR COAL VIDESH ASSET BUY
The government plans to let Coal Videsh, a subsidiary of Coal India, have more than Rs 1,000 crore at its disposal to shop for assets abroad.
&ld ...
Wednesday, 17 June 09
MINE EXPLOSION'S DEATH TOLL HITS 30 - (UPDATE 1 )
Search and rescue workers have discovered the bodies of 30 miners who were killed in a coal mine explosion in the West Sumatra regency of Sawahlunto ...
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA
* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T
* Talks between individual power firms and miners ongoing
South Korean utilities ...
Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
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- Orica Mining Services - Indonesia
- PTC India Limited - India
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- Intertek Mineral Services - Indonesia
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