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Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a venture with a Fujian state-owned enterprise, Fujian Materials (Group) Co., Ltd (FMGC) for sale and export of coal to China.
FMGC intends to import 2 million tonnes of coal annually from Australia, steadily increasing this to 10 million tonnes per annum.
FMGC has agreed to purchase coal exclusively from ASF Group sourced from the Australian energy and resources sectors.
The coal will be sourced from coal fines deposits at coalfields on the south coast of New South Wales.
ASF Energy is also seeking other supply sources of Australian east coast coal which could either be contracted for supply or acquired to assist ASF to expand its coal supply and export business.
FMGC has already raised a Letter of Credit in ASF Energy’s favour in respect of the first shipment, comprising approximately 45,000 tonnes of coal which is expected to depart Port Kembla by February, 2010.
Subject to the successful completion and delivery of this shipment, ASF Energy intends to make regular monthly 45,000-tonne coal export shipments to FMGC, thereby creating a significant source of recurring cash flow for ASF.
ASF Group chairman, Min Yang said the company is encouraged by the exclusive working relationship with Fujian Materials. The first transaction represents a qantifiable first step in the relationship with a key Chinese state owned enterprise.
ASF is looking to develop a profitable business in the export of coal from Australia to China. The company's key relationships in China had been instrumental in the procurement of the agreement.
Source: Proactive Investors
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Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
Monday, 18 January 10
BHP TO SPEND $267 MILLION ON QUEENSLAND COKING COAL
BHP Billiton Ltd, the world’s largest mining company, will spend $267 million to accelerate development of the Caval Ridge mine and the Hay Po ...
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- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Marubeni Corporation - India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
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