About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd. For full story, click here
South African logistics group Transnet declared a plan by its rail division to upgrade its coal line had fallen behind schedule by 12 months due to the late delivery of new locomotives. For full story, click here
China Knowledge declared that Heilongjiang Longmay Mining Group Company Limited sold 6.79 million tonnes of washed coal in the first 5 months in 2009 up 14.6% YoY. For full story, click here
China Mining declared that China has made progresses in building large coal production bases with 13 leading coal production bases approved by the state making up 83% of the national coal output. For full story, click here
Cement maker ACC Ltd today signed an agreement with Madhya Pradesh Government to jointly explore and develop four coal blocks, having an estimated reserve of 200 million tonnes, in the state. For full story, click here
The pending issue of appointing a regulator has been put on the 100-day agenda by the government. For full story, click here
Indian cement maker Ultratech has purchased 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery. For full story, click here
South Korean shipper SK Shipping Co. declared that it had won a USD 100 million deal to ship coal for a power company. For full story, click here
The Mayawati government on Tuesday set the ball rolling in the Centre’s court over bleak power situation in the state when it asked for specific provisions while allocating coal blocks for various thermal power stations. For full story, click here
State-owned utility National Thermal Power Corporation and the leading coal producer Coal India are in advanced stages of acquiring mining assets in Mozambique, Indonesia and Australia, as the new government firms up plans to meet the growing energy demand. For full story, click here
Friday, June 26, 2009