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Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. The sale was made by Xcoal, the exclusive representative of CONSOL in Asia, as a result of an Asian Marketing Initiative announced last month by CONSOL.
The sale of a Panamax vessel of approximately 82,000 short tons is destined for merchant coke plants in the Tianjin/Guafeng area of China. The vessel will be loaded at CONSOL's Baltimore terminal.
CONSOL Energy is enthusiastic about this sale. It hopes to receive a significant premium for its Bailey Mine coal when compared to its local thermal market. It believes that this sale will establish CONSOL as a premium brand in Asia. Xcoal has representative offices in Beijing, Seoul, Tokyo and Singapore.
Last week, CONSOL’s board approved a $1 billion capital budget for 2010, which included $400 million for CNX Gas Corporation. The budget focuses on the goals of improving the efficiency and productivity of its fleet of mines, while funding meaningful production growth in the gas business. To read more Zacks
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Thursday, 14 January 10
INDONESIA POWER REDUCES COAL SUPPLY
PT Indonesia Power will reduce coal supplies from PT Tambang Batu Bara Bukit Asam to its Suralaya Power Plant. "The coal supply for the plant s ...
Thursday, 14 January 10
INDIANS RESUME S. AFRICA COAL BUYING AGAINST INDEX - REUTERS
Indian trade buyers have resumed buying of South African prompt coal cargoes after a two-month hiatus but are opting for index-linked pricing, hopin ...
Wednesday, 13 January 10
STEAMING COAL SUPPLY SPOT CONTRACT FOR TAEAN POWER PLANT
COALspot.com (South Korea): Korea Western Power Co., Ltd is looking for total 1.12 million tons of Bituminous Coal for TAEAN Power Plant.
Accord ...
Wednesday, 13 January 10
INDONESIA ISSUES COAL, METAL DECREE
Indonesia has issued a ministerial decree which requires metal and coal miners to set aside a certain amount of their production for domestic needs, ...
Wednesday, 13 January 10
RESTING TIME FOR INDONESIAN COAL LOADING VESSELS
COALspot.com (Indonesia): 11 - 15 vessels are waiting in anchorages of Muara Berau and Tanjung Pemancingan to load total about 700,000 – ...
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- Bangladesh Power Developement Board
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- India Bulls Power Limited - India
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
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