China ahead has been shut down in closure of Coal Power Plants
China has been shut down small coal-fuelled power plants with a total generating capacity of 54.07 million kilowatts from 2006 to the end of June this year. For full story, click here
Articles Tagged "capacity"
China Shenhua Energy will double Coal Capacity by 2014
China Shenhua Energy Co Ltd has planned to double its annual coal output capacity by 2014 from this year’s level. For full story, click here
JSW Steel has signed coking coal deals at $100 a tonne
JSW Steel, the country’s leading steelmaker by capacity, has signed a coking coal contract for the year at $100 per tonne. For full story, click here
Listed Semirara expects coal sales to surge by 5% with new equipment
Listed Semirara Mining Corp. is expecting to sell more coal this year despite low prices with new equipment expected to raise the firm’s mining capacity. Isidro A. Consunji, vice-chairman and chief executive officer of Semirara Mining, stated: We are looking at selling between 3.8 million metric tons and four million metric tons this year in [...]
Coal Stocks Swing
Coal stocks have been hit hard in this recession, given slumping electricity demand in the U.S. and the sharp drop-off of steel demand. For shareholders of Patriot Coal Corp (PCX: NYSE), the pain has been particularly acute. The stock lost 96 per cent of its value since last June's record highs. This year alone, Patriot's stock is down 41 per cent versus a 1 per cent decline by the Dow Jones U.S. Coal Index.
Coal and Oil – the Rise and Fall
Supply and demand of coal is expected to be a bit more important in 2009, with the almost irrational movement along with crude oil turning out to be less of an influence.
GMR bullish on power; plans to buy coal mine in Indonesia
GMR Group plans to buy 100-150 million tonne capacity coal mine in Indonesia to feed 1,500 megawatt power generation capacity for 20 years. For full story, click here
