Britain is set to encounter widespread power shortages within eight years due to the country's switch to cleaner energy generation, according to forecasts contained in a government report. A growing reliance on intermittent renewable energy sources, such as wind, is set to exacerbate the problem.
Continue reading "Britain: Head In The Sand?"
Monday, July 6, 2009
To give a boost to thermal power generation, the government has set an annual coal production target of 1,055 million tonnes in the XIIth Five-Year Plan. For full story, click here
Continue reading "Govt. has targeted 1,055 mln tonne Annual Coal Output"
Tuesday, June 16, 2009
Chinese coal trader China Qinfa Group is planning an US$ 81 million (HK$630 million) Hong Kong IPO, for investment in new production facilities. The company is set to sell 250 million shares at a range of HK$2 to HK$2.52 per share, representing a 2008 price-to-earnings multiple of 7.5 to 9.5. Also, Alpha Natural Resources Inc (ANR.N) is to acquire Foundation Coal Holdings Inc (FCL.N) for $1.5 billion in an all-stock deal to create the third-largest U.S. coal producer, signaling an expected wave of consolidation in the fragmented industry.
Continue reading "China Sees Coal In New Light"
Tuesday, June 2, 2009
PT Bumi Resources Tbk, Indonesia’s leading thermal coal producer, increased its 2009 output target and forecast a 13 percent increase in output from a year ago. Herlan Siagian, general manager of marketing at Bumi Resources, stated: About 20 million tonnes will come from the Arutmin mine, while KPC (Kaltim Prima Coal) will produce 40 million [...]
Continue reading "Indonesia's Bumi has surged '09 Coal Output Target"
Thursday, March 19, 2009
The Power Ministry declared that it has enhanced the coal imports target of electricity generation units by about 15% to 28.7 million tonnes in 2009-10 to ensure that the utilities do not reel under any dry fuel shortage. For full story, click here
Continue reading "Govt. revises coal imports target by 15% for fiscal 2010"
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Wednesday, September 2, 2009