13 coal producers, including BHP Billiton and Rio Tinto made a fully funded offer of A$4.85-billion to buy the Queensland Rail (QR) coal track network. Nick Greiner, the chairperson of the Queensland Coal Industry Rail Group (QCIRG) is quoted saying: “Our offer is able to be settled with the government prior to the IPO, and [...]
Eastern Star Gas Limited (ESG), an Australian gas and coal seam gas (CSG)(1) development company has announced their agreement with Hitachi, Ltd. (NYSE:HIT/TSE:6501, “Hitachi”) and Toyo Engineering Corporation (TOYO) to do a feasibility study for an electric-motor-driven Mid-Scale LNG plant in Newcastle in the state of New South Wales, Australia. Click here to access the [...]
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
China Shenhua Energy Co, the country’s top coal producer is expecting Japanese and South Korean clients to pay at least as much as Chinese customers for this year’s annual contract prices. For full story, click here
Philippine electricity producer National Power Corp. announced that it has awarded a contract to oil and gas explorer PNOC-Exploration Corp to supply 100,000 tonnes of coal to the state-run power firm. For full story, click here
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
The U.S. Interior Department has said it will try to overturn a Bush administration rule that made it easier for coal mining companies to dump mountaintop debris into valley streams. The action is the latest blow to the coal industry, which defends mountaintop mining as a safer, cheaper alternative to traditional underground mining.
Shanxi announced that it has signed a total of 542 million tonnes of coal sales contracts, with the average coal price of CNY 486 per tonne up by CNY 108 per tonne YoY and it’s approximate to the average price of last year. For full story, click here
Coal India Ltd, the country’s leading coal producer, has assured supply of 313 million tonnes of the fuel to power firms under a long-term contract for 2009-10. CIL Chairman Partha S Bhattacharyya stated: We will be giving 307 million tonnes of coal under the long-term fuel-supply agreement to the facilities commissioned till March 2009. Additional [...]
Nippon Steel Corp., Japan’s largest mill declared that it has won a 63 percent cut in pulverized coal contracts. For full story, click here
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