Articles Tagged "agreement"

Back In The Black

Coal prices have risen 30 per cent from their low in March. However, for the second half of 2009, there are still risks of tight coal supply. In China, many domestic producers have arbitraged the low offshore prices with higher onshore prices, which has made demand look stronger than it was. So, correction is expected in the new two months. However, strong demand for thermal coal in China and India is expected to help Asia avoid the first fall in imports for a decade this year, and push import growth even higher in 2010.

Coal India, NTPC has signed fuel supply pact

Coal India on Friday has signed the much-awaited fuel supply agreement with NTPC for the supply of coal to the thermal power generating company, having both penalty and bonus clauses. Mr Partha S Bhattacharyya, Chairman, CIL, stated: Coal India signed the model FSA with NTPC, which represents all PSU power utilities. The tenure of the [...]

Gulfside Minerals acquired Onjuul Coal Property

Gulfside Minerals Limited declared that the Company has signed final Share Purchase Agreements with two private Mongolian companies to acquire 100% interest in three Mining Exploration Licenses encompassing the Khar-khonkhor Brown Coal Deposit and the Onjuul Brown Coal Deposit located within the Choir-Nyalga Coal Basin situated in SW Mongolia. For full story, click here