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Sunday, 22 March 09
SHENHUA ENERGY'S 2009 COAL PRODUCTION MAY GAIN 8% - BLOOMBERG


China Shenhua Energy Co., the nation’s biggest coal producer, may increase production of the energy fuel by about 8 percent this year, slower than the 18 percent growth in 2008, said Vice President Wang Jinli.

Parent Shenhua Group Corp.’s production may rise about 10 percent in 2009, Wang said in a telephone interview today, without giving exact figures. Shenhua Energy boosted coal output to 185.7 million metric tons in 2008, the Hong Kong-listed company said in January.

The Chinese coal market will “ease” this year as consumption slows while supply expands at a steady rate, the National Development and Reform Commission said last month. Coal consumption in China has fallen as power demand declined amid the steepest slowdown in the economy in almost two decades. To read more click
Bloomberg 



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Recent News

Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...


Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...


Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...


Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80 * Negotiations may conclude soon as price gap narrows * New offer at discount of about 43 pe ...


Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...


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