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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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Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
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- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Planning Commission, India
- Economic Council, Georgia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Australian Coal Association
- Thai Mozambique Logistica
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
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