Santos will spend $476 mln increasing coal seam gas
Santos will spend A$476 million to expand its coal seam gas assets in the Gunnedah basin in Australia’s New South Wales state. For full story, click here
Articles Tagged "asset"
NTPC has scouted for coal blocks abroad
NTPC Ltd, country’s leading power generator, is looking at bagging coal assets abroad independently. Partha S Bhattarcharya, chairman, CIL, stated: This is a win-win situation for both the companies.The FSA which was introduced on account of the New Coal Distribution Policy issued in 2007, had already been given effect to all coal consuming sectors barring [...]
Coal: Bullish On The Long Term
We are into the second half of the second month of 2009 and pressure on coal prices have not eased. While the long-term outlook in this sector remains strong, thanks to strong fundamentals, spot prices continue to be under pressure. The reasons are being cited as high utility coal inventories, lower demand for electricity and competition from natural gas.
ICVL in talks with foreign cos for coal asset buyouts
International Coal Ventures is in talks with New Zealand-based coal mining firms, Te Kuha, Tatu and Coal Brookdale and US-based Tennessee for buyouts. For full story, click here
