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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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Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
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- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- The University of Queensland
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
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