Platts reported that Australia’s Stanmore Coal Ltd. (ASX:SMR) received a $1.23 million research grant from the Japanese government. The grant is intended to help develop Stanmore’s Range project in the Surat coal field.
Platts reported that coal exports from Australia's PWCS terminals to Japan are increasing again following last year's earthquake and tsunami.
Platts reported that New Hope (ASX:NHC) said its profits may be negatively affected by the outcome of current Japan thermal coal contract talks.
Reuters reported that Xstrata (LSE:XTA) will sell Canadian coking coal to Japan in a joint venture with JX Nippon.
Mining Weekly reported that Chubu Electric (TSE:9502) is shifting its coal trading unit from Japan to Singapore.
Bloomberg reported that Bumi Resources (OTC Pink:PBMRF) said it plans to increase coal sales to Japan by 17%.
Platts reported that most 2012 coal supply contracts between Australian producers and Japanese thermal coal consumers are settled.
While 2011 was not as radiant as its long term coal projections, both thermal and coking coal markets saw consistent production and consumption growth.
Bloomberg reported that Electric Power Development Co. Ltd. (TYO:9513) will buy a 10% stake in Aston's (ASX:AZT) Maules Creek coal project.
Bloomberg reported that Japan is expected to consume more coal as it maintains its nuclear reactors over the next eight months.
Get our independent commentary on coal trends and companies delivered to your inbox.
