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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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Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
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Thursday, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING
Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.
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Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.& ...
Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry offici ...
Thursday, 18 February 10
INDONESIA ZONING RULE THREATENS MINING - INDUSTRY
Reuters reported that, confusion over a new Indonesian land use regulation could halt the operations of some mining firms, providing a new threat to ...
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- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Australian Coal Association
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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