Coal Investing News» contract

13 Coal Miners Bid $4.85 Billioln for Queensland Rail Network

Mike Rodger — Thu, 27 May 2010 00:06:01 +0000

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 Enters MOU with Toyo Engineering

Mike Rodger — Tue, 25 May 2010 00:54:08 +0000

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 Berau Coal Saw 2010 Output Surged 16%

Mike Rodger — Thu, 13 Aug 2009 13:32:04 +0000

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 denies giving ground on export coal price

Mike Rodger — Mon, 15 Jun 2009 16:30:25 +0000

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

Napocor has awarded 100,000 T coal contract to Philippine firm

Mike Rodger — Wed, 27 May 2009 10:42:49 +0000

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 has signed coking coal deals at $100 a tonne

Mike Rodger — Fri, 08 May 2009 10:49:35 +0000

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

Obama To Reverse Bush Rule On Coal

Mike Rodger — Tue, 28 Apr 2009 06:24:18 +0000

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 signs 542 million tonnes of coal sales contracts

Mike Rodger — Thu, 09 Apr 2009 20:45:22 +0000

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 earmarked 313 m.t for power firms in fiscal 2010

Mike Rodger — Fri, 03 Apr 2009 13:10:14 +0000

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 won price cut in pulverized coal contracts

Mike Rodger — Tue, 31 Mar 2009 14:13:00 +0000

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