Western Cdn Coal Profit Dived on Weak Coal Prices
Metallurgical coal producer Western Canadian Coal declared that its first-quarter profit plunged 94 percent as it sold fewer tonnes of coal and prices dipped sharply. For full story, click here
Archive for August, 2009
Coal Blocks for Companies Setting Up End-Use Industry
The government is planning to incorporate a provision in the proposal for auction of coal blocks, under which preference would be given to companies, which were willing to set up end-use industries in the State in which they would mine coal. For full story, click here
Australia NewCastle Coal Exports Jumped
Coal exports at Australia’s Newcastle port, the world’s leading coal export terminal, jumped to a seven-month high in the latest week, as a backlog of shipments were sent following improved output at the mines. For full story, click here
Indonesia's Berau Coal Saw 2010 Output Surged 16%
Indonesia’s fifth-leading coal miner, PT Berau Coal, expects 2010 output to be nearly 16 percent higher than this year, as new customers and new contracts help fuel growth. For full story, click here
Govt. demands 70% Coal Blocks for Power Sector
The state government has urged the Central government to reserve 70 per cent of coal blocks for the power sector. Gujarat energy and petrochemicals minister Saurabhbhai Patel in a meeting with Union minister for power Sriprakash Jaiswal urged the Central government that the present arrangement of allotting coal mines to state governments should be continued. [...]
Govt. Demanded 70% Coal Blocks for Power Sector
The state government urged the Central government to reserve 70 per cent of coal blocks for the power sector. Gujarat energy and petrochemicals minister Saurabhbhai Patel in a meeting with Union minister for power Sriprakash Jaiswal urged the Central government that the present arrangement of allotting coal mines to state governments should be continued. For [...]
Coal India Eyed $1.25 bln IPO in a Year
State-run miner Coal India Ltd plans to surged up to $1.25 bln by selling 10 percent through an initial public offer expected within a year. For full story, click here
Huaneng Power Backed in Profit, Warned of Coal Prices
Huaneng Power International Inc., China’s leading electricity provider, declared a return to profit in the first half of 2009, buoyed by two tariff hikes in the second half of last year and lower coal costs. For full story, click here
China Coal Bid will test Investment Review
China’s fourth leading coal producer is set to bid for Queensland coal miner, Felix Resources. The potential deal is the leading involving an Australian firm and a Chinese state-owned company since Chinalco’s failed bid to double its stake in Rio Tinto. For full story, click here
Australia NewCastle Coal Exports Jumped
Coal exports at Australia’s Newcastle port, the world’s leading coal export terminal, jumped to a seven-month high in the latest week, as a backlog of shipments were sent following improved production at the mines. For full story, click here
