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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, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
Sunday, 14 March 10
CHINESE COAL PRICE MAY RISE TO TRADE NEAR SPOT, MACQUARIE SAYS
Bloomberg reported that, Steel mills in China, the world’s biggest producer of the alloy, may pay more for domestic coking coal this year as d ...
Sunday, 14 March 10
THERE IS NO INDICATION OF SLOWING DOWN OF IRON ORE AND COAL IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com: The dry bulk freight market continued the upward trend and the BDI closed 8.14 pct this week.
The Cape index up by 10.32 pct ...
Saturday, 13 March 10
INDONESIA COAL EXPORTS DROP IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons in January 2010 which fell slightly to 22.89 mln ton of coal i ...
Saturday, 13 March 10
INDONESIA TELLS BUKIT ASAM TO DITCH PARTNER IN SUMATRA RAILWAY UNLESS PROJECT STARTS
The Jakarta Globe reported that, the Indonesian government has urged state-owned miner PT Tambang Batubara Bukit Asam to look for new partners to he ...
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Showing 5941 to 5945 news of total 6871 |
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- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
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