Coal Investing News» demand

No Plan to Hike Coal Prices

Reporter — Sat, 08 Aug 2009 07:45:08 +0000

The government today declared it is not considering any surge in coal prices at the moment despite the demand for a hike by state-run Coal India Ltd earlier in the day. The company also said that a moderate price hike is likely.

Coal Minister Sri Prakash Jaiswal stated:

No plan (to hike coal prices) yet… But can’t say about the future.

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Chinese Miners Meet 65% of thermal Coal Sales Quota

Reporter — Fri, 07 Aug 2009 09:54:47 +0000

Chinese coal miners, led by China Shenhua Energy Co have sold more than half of a government quota for the fuel as of the end of May at higher prices after demand improved.

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BHP Billiton will expand Mt. Arthur Thermal Coal Mine

Reporter — Fri, 24 Jul 2009 06:04:36 +0000

BHP Billiton, the world’s leading mining company, declared that it would spend $260 million to expand output at the Mt. Arthur thermal coal mine in Australia by 30 percent amid a rebound in demand.

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NALCO Imports Coal to tide Over Fuel Crisis

Reporter — Tue, 07 Jul 2009 16:27:48 +0000

Despite having a comfortable coal, the National Aluminium Company has decided to import coal to tide over its shortage in the wake of more coal demand for its 860 MW captive power plant here.

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NTPC, Coal India to purchase mining assets overseas

Reporter — Wed, 24 Jun 2009 12:26:29 +0000

State-owned utility National Thermal Power Corporation and the leading coal producer Coal India are in advanced stages of acquiring mining assets in Mozambique, Indonesia and Australia, as the new government firms up plans to meet the growing energy demand.

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Transport Problems have held back Russian Coal Exports

Reporter — Sat, 20 Jun 2009 04:25:55 +0000

Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia’s leading coal producers to raise exports quickly to make up for weak domestic demand during the country’s slump.

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CIL has targeted 435 MT Coal Output

Reporter — Fri, 05 Jun 2009 16:45:44 +0000

Coal major Coal India Limited, which meets 85 per cent of the nation’s coal demand has targeted to produce 435 million tonne of coal during the current fiscal. This is 7 per cent higher than the last fiscal’s achievement of 403 million tonnes.

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ConocoPhilips sticks to coal-seam LNG timeframe

Reporter — Mon, 01 Jun 2009 13:02:09 +0000

U.S. oil major ConocoPhillips and Australian partner Origin Energy are sticking with their 2014 output start-up date for a $24.5 billion gas-export project in Australia, despite uncertainty over future demand.

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Foundation Coal Holdings stated cuts in Output, 60 workers

Reporter — Fri, 29 May 2009 15:43:24 +0000

Mine operator Foundation Coal Holdings Inc. on Friday declared that its Central Appalachian affiliates are slashing output levels to meet current demand and laying off 60 workers.

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South Korea's Coal Imports in April dipped 22%

Reporter — Wed, 20 May 2009 15:51:31 +0000

South Korea’s imports of heating coal in April dipped 22 percent from a year earlier on bearish demand from domestic utilities.

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