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Tuesday, 06 July 10
SHENHUA GROUPS 2013 PROFIT MAY EXCEED $15 BILLION - BUSINESS WEEK
Business Week reported that, Shenhua Group Corp., China’s biggest coal producer, expects profit to exceed 100 billion yuan ($15 billion) by 2013 as the company develops projects in Australia, Indonesia, Mongolia and Russia.
The company has a revenue target of 300 billion yuan for 2013, according to notes in a speech to be delivered tomorrow by Li Jingping, general manager of coal transport and sales, at a coal conference in Dalian city.
Profit may reach 45 billion yuan in 2009, Zhang Xiwu, chairman of the parent of Hong-Kong listed China Shenhua Energy Co., said last year. Peabody Energy Corp., the biggest U.S. producer, reported a net income of $448 million in 2009. Shenhua is developing overseas projects to meet demand for coal, used to generate 80 percent of China’s power, after the nation became a net importer of the fuel for the first time in 2009.
China’s domestic coal output may increase to 4 billion tons by 2015, according to the notes. The country’s coal-fired power generators capacity may reach 960 million kilowatts, he wrote.
Shenhua’s installed power capacity may reach 62.2 million kilowatts in 2015, of which 48.6 million kilowatts will be coal- fired generators, and 5.4 million kilowatts wind and solar plants, the notes said.
Shenhua’s Power Output
The company’s power output for this year is estimated at 150 billion kilowatts and coal production may reach 360 million tons. Commercial coal sales may rise to 420 million tons by the end of this year, Li said.
China’s share of electricity generated from coal-fired plants may fall to 72 percent by 2015 from 75.9 percent now, according to Li. The world’s biggest greenhouse gas emitter wants to cut coal consumption and boost use of cleaner-burning alternatives as the government sets a target to reduce carbon dioxide the nation emits for each unit of economic output by 40 to 45 percent by 2020 from 2005 levels.
The company may produce 2.5 million tons of fuel from coal- to-liquid projects, Li wrote separately.
Shenhua started operating the nation’s first plant to turn coal into fuels such as gasoline and diesel in 2008. The plant is located in Inner Mongolia.
Source: Business Week
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Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
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- The State Trading Corporation of India Ltd
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- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Planning Commission, India
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- Sarangani Energy Corporation, Philippines
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- Wilmar Investment Holdings
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- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
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- Goldman Sachs - Singapore
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- TNB Fuel Sdn Bhd - Malaysia
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- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
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- Chamber of Mines of South Africa
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
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- Parliament of New Zealand
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- Indian Energy Exchange, India
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