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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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Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
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Showing 6106 to 6110 news of total 6871 |
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- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
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