Though the world economy continues to remain frail, more and more production is coming on line and mines are being developed. And as factories begin to open rather than close, and for all the new nuclear power plants being foreshadowed, there will be an enormous demand for thermal coal. A false dawn?
Banpu BANP.BK, Thailand’s leading coal miner, plans to raise coal shipments to China by about 30 percent to 2 million tonnes in 2009. Hartono Widjaja, senior vice president of Marketing China & North Asia, stated: China’s coal import spree is likely to continue at least through this year. For full story, click here
Straits Resources revealed that it has just sold its stake in its coal assets to Thailand’s PTT International Company for $US335 million. For full story, click here
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