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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, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
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Showing 6036 to 6040 news of total 6871 |
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- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
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