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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, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
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- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Australian Coal Association
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- The University of Queensland
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
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