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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, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...
Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
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- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Aditya Birla Group - India
- PTC India Limited - India
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