Indonesia's Berau Coal Saw 2010 Output Surged 16%
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
Articles Tagged "growth"
Alarm Bells Ring For Coal Imports
The figures are daunting. Coal demand in the international market has been waning. International coal prices have been lingering at a low track from March to May, and statistics from China's customs shows that China's import of coal in May reached 9.43 million tonnes surging by 133.1 per cent year-on-year, which is also the highest level ever. But there are rays of hope elsewhere. Western Australia's miners have recorded their fifth consecutive month of growth, and UAE's Coal & Oil Group is planning to invest around $300 million to buy new ships and to acquire coal mines.
Coking Coal prices and quality not competitive enough globally
Coal India, one of the leading coal companies in the world with reserves of 287 million tonnes of coking and non-coking coal, has charted out a growth path with focus on acquisitions. For full story, click here
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.
Coal India outperforms Sensex during economic turmoil
Solar Explosives’ recent contract with Coal India will boost its growth. The scrip has outperformed the Sensex during the economic turmoil over the past one year. For full story, click here
