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Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm will build a new mining complex to give China Power International Development (CPI) 30m tonnes of coal a year for 20 years. Analysts say it is further evidence of China's strong demand for resources boosting Australia's economy.
Most of China's power stations rely on coal - and demand has risen sharply in recent months after a government stimulus programme re-energised its economy.
Knock-on effects
The plan involves building a huge new mining complex in the Australian state of Queensland, and laying 500km (311 miles) of railway line to move the coal to the coast. Resourcehouse's executive director, Phil McNamara, said the "once-in-a-century project" would include open-cast and underground mines, with construction likely to begin later this year.
| “Most of China's power stations rely on coal - and demand has risen sharply in recent months after a government stimulus programme re-energized its economy” |
The complex in the Galilee basin, to be called China First, is expected to start coal production in 2013 and will churn out some 40 million tonnes a year.
Queensland state premier Anna Bligh anticipates the project will create tens of thousands of jobs and produce multi-million dollar royalty payments for the state government. But the lucrative Sino-Australian deal will almost certainly disappoint some environmental groups, says the BBC's Phil Mercer in Sydney.
They believe Australia's reliance on plentiful reserves of coal, both for domestic electricity generation and for export, should be reduced in favour of renewable sources of energy.
Analysts say the deal signals a thaw between the two nations, following a string of incidents in 2009 that strained relations, from the arrest in Shanghai of an Australian mining executive from Rio Tinto to the high-profile visit to Australia of Uihgur activist leader Rebiya Kadeer.
An attempt by the state-owned resources company, Chinalco, to buy into the Anglo-Australia mining giant, Rio Tinto, also ended in acrimony.
Source: BBC
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Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
Monday, 24 May 10
PAMA TO CLOSE COALS ACQUISITION IN 2010
Insider Stories reported that, Indonesia's largest coal mining contractor PT Pamapersada Nusantara, subsidiary of PT United Tractors Tbk (UNTR), wi ...
Sunday, 23 May 10
SINGARENI LEVIES PREMIUM TO BALANCE COAL DEMAND - BUSINESS STANDARD
Business-Standard reported that, In view of the rising demand for coal, Singareni Collieries Company Limited has recently levied a premium on c ...
Saturday, 22 May 10
THE BRENT CRUDE PRICES WAS SHARPLY DOWN AT US$ 71.72 PER BARREL - VISTAAR SHIPPING
COALspot.com: The freight market was under pressure with the caps size index down by 10 pct with uncertainty in Europe crisis continuing.
The BD ...
Saturday, 22 May 10
PORT CONGESTION IN AUSTRALIA HELPING RATES CHINA COAL IMPORT BOOM TO CUSHION FREIGHT RATES
China's record coal imports this year will provide some support to freight rates but growing pressure from fleet oversupply is set to limit gains. ...
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- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- PTC India Limited - India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
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