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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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Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
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- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- The University of Queensland
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
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