Celsius Coal Ltd. (ASX:CLA) announced that it has signed a non-binding memorandum of understanding (MOU) with Xinjiang Bayi Iron and Steel Group and China Minmetals Group, both of which are potential offtake customers.
Articles Tagged "China"
Reuters reported that China gave the go ahead to over 100 million tonnes of new coal production capacity in 2013. That's six times more than the 2012 total and equivalent to 10 percent of the United States' yearly usage.
The Wall Street Journal reported that although 2013 was a tough year for coal, factors such as "booming" production from Wyoming's open-pit mines and demand from emerging economies like India and China will make for better prospects in 2014.
Mineweb reported that in 2013, deaths at Chinese coal mines fell by 24 percent, to 1,049 dead or missing. Late last year, the nation's State Administration of Work Safety said that it plans to make coal mines safer moving forward.
Yingli Green Energy Holding Company Ltd. (NYSE:YGE) announced that its subsidiary, Yingli Energy (China) Company Ltd. has entered an agreement to set up a joint venture with Shuozhou Coal Power Company Ltd., a subsidiary of Datong Coal Mine Group Company Ltd., China's third-biggest state-owned coal miner.
In a study set to be released today, the University of Oxford's Stranded Assets Programme looks at what China's changing demand for coal will mean for Australia's coal assets, a question that has been on the minds of many market participants of late.
Bloomberg reported that according to the International Energy Agency (IEA), global coal consumption will rise by 2.3 percent per year until 2018. Last year, the agency predicted that coal use would grow by 2.6 percent per year through to 2017.
Mineweb reported that according to Chinese news agencies, 21 miners were killed in a coal mine explosion "at the Changji Hui autonomous prefecture of the Xinjiang Uygur autonomous region in China’s Xinjiang Province."
There are two types of metallurgical coal, thermal and metallurgical. Here's a look at what they are used for, where they are mined and which companies are mining them.
Bloomberg reported that this week, Kenya plans to sign a concession accord with China's Fenxi Mining Industry Co. to develop a deposit containing 400 million metric tons of coal. The move will allow the country to tender 31 more blocks spread across counties in both the north and south of the nation.