COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Saturday, 09 May 09
CHINA PLANS TO BUILD COAL STOCKPILE BASES IN SHANDONG - BLOOMBERG


China, the world’s largest coal producer and consumer, plans to build stockpiles of the fuel in the eastern province of Shandong to ensure supplies and help stabilize prices, the nation’s top economic planner said.

The province will complete the construction of four to six coal stockpile bases within the next three to five years, the National Development and Reform Commission said in a statement on its Web site today. The bases will each have a capacity to store more than 20 million metric tons of coal.

Shandong’s annual coal shortage may rise to more than 190 million tons next year, according to the commission. Coal prices at China’s Qinhuangdao port, a domestic benchmark, soared to a record in July last year and since then have almost halved as the global recession reduced energy demand.

"The province needs to build coal stockpiles and transit bases urgently to cope with potential energy supply disruptions,” the commission said. "Coal resources will become tighter in the long term, and it will be harder to secure resources from the outside market.”

Shandong, the nation’s second-most populous province, produced 135 million tons of coal last year, while provincial demand was 270 million tons, the commission said. By next year, coal consumption may rise to 311 million tons and output may be less than 150 million tons, the economic planner said. China produced 2.6 billion tons of coal in 2008.

Coal Imports

The bases will be stocked with coal from local mines and possibly imports from countries including North Korea, Indonesia and Vietnam, the commission said, without elaborating.

"Shandong needs more coal from the outside market compared with other provinces, so it’s necessary for them to build some stockpiles,” Wang Shuai, a mining analyst at Orient Securities Co., said by telephone in Shanghai. “On a national level, it may not be that urgent to build coal stockpiles now as China is self-sufficient.”

The four bases will be located in Longkou, Laiwu, Zhucheng and Qihe in the first phase and two more will be built in Rizhao and Heze “when the time is ripe,” the commission said.

The base in Longkou city will start operations in October and will eventually have a capacity of 50 million tons, the commission said.

Source: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ashxl8kfqenM



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million   ...


Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...


Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...


Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...


Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...


   1356 1357 1358 1359 1360   
Showing 6786 to 6790 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Independent Power Producers Association of India
  • McConnell Dowell - Australia
  • Bank of China, Malaysia
  • VISA Power Limited - India
  • World Coal - UK
  • Arch Coal - USA
  • Gujarat Electricity Regulatory Commission - India
  • Kalimantan Lumbung Energi - Indonesia
  • J M Baxi & Co - India
  • DBS Bank - Singapore
  • Bharathi Cement Corporation - India
  • Mitra SK Pvt Ltd - India
  • Sucofindo - Indonesia
  • Central Electricity Authority - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Banpu Public Company Limited - Thailand
  • IHS Mccloskey Coal Group - USA
  • Chettinad Cement Corporation Ltd - India
  • SN Aboitiz Power Inc, Philippines
  • Global Business Power Corporation, Philippines
  • Savvy Resources Ltd - HongKong
  • Mjunction Services Limited - India
  • The Treasury - Australian Government
  • Sarangani Energy Corporation, Philippines
  • Bangkok Bank PCL
  • Cargill India Pvt Ltd
  • TNPL - India
  • Australian Commodity Traders Exchange
  • Altura Mining Limited, Indonesia
  • GHCL Limited - India
  • Reliance Power - India
  • Standard Chartered Bank - UAE
  • Global Coal Blending Company Limited - Australia
  • Argus Media - Singapore
  • Price Waterhouse Coopers - Russia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Infraline Energy - India
  • Rashtriya Ispat Nigam Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Cemex - Philippines
  • Holcim Trading Pte Ltd - Singapore
  • APGENCO India
  • Surastha Cement
  • Semirara Mining Corp, Philippines
  • Economic Council, Georgia
  • IBC Asia (S) Pte Ltd
  • Thriveni
  • Deutsche Bank - India
  • Jindal Steel & Power Ltd - India
  • Essar Steel Hazira Ltd - India
  • Moodys - Singapore
  • CIMB Investment Bank - Malaysia
  • Dalmia Cement Bharat India
  • Orica Australia Pty. Ltd.
  • SMC Global Power, Philippines
  • Siam City Cement PLC, Thailand
  • LBH Netherlands Bv - Netherlands
  • SUEK AG - Indonesia
  • MEC Coal - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Mintek Dendrill Indonesia
  • Xindia Steels Limited - India
  • Bhushan Steel Limited - India
  • Maersk Broker
  • Mitsubishi Corporation
  • Interocean Group of Companies - India
  • Mechel - Russia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Platou - Singapore
  • Siam City Cement - Thailand
  • Japan Coal Energy Center
  • GNFC Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Cebu Energy, Philippines
  • bp singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Idemitsu - Japan
  • London Commodity Brokers - England
  • Aboitiz Power Corporation - Philippines
  • Cigading International Bulk Terminal - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Indonesia Power. PT
  • GMR Energy Limited - India
  • Agrawal Coal Company - India
  • International Coal Ventures Pvt Ltd - India
  • Coal Orbis AG
  • Bukit Baiduri Energy - Indonesia
  • SASOL - South Africa
  • HSBC - Hong Kong
  • Maheswari Brothers Coal Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • ANZ Bank - Australia
  • Maruti Cements - India
  • Fearnleys - India
  • Total Coal South Africa
  • Shenhua Group - China
  • Kobexindo Tractors - Indoneisa
  • Kepco SPC Power Corporation, Philippines
  • KPCL - India
  • Borneo Indobara - Indonesia
  • Jaiprakash Power Ventures ltd
  • CoalTek, United States
  • Attock Cement Pakistan Limited
  • Straits Asia Resources Limited - Singapore
  • WorleyParsons
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • U S Energy Resources
  • Oldendorff Carriers - Singapore
  • Uttam Galva Steels Limited - India
  • Bank of America
  • JPower - Japan
  • Tata Power - India
  • Enel Italy
  • Bangladesh Power Developement Board
  • Bhatia International Limited - India
  • Rudhra Energy - India
  • Marubeni Corporation - India
  • Coal and Oil Company - UAE
  • Leighton Contractors Pty Ltd - Australia
  • Vale Mozambique
  • Coal India Limited
  • TeaM Sual Corporation - Philippines
  • Lafarge - France
  • Petrochimia International Co. Ltd.- Taiwan
  • Kumho Petrochemical, South Korea
  • Planning Commission, India
  • Thermax Limited - India
  • Gujarat Sidhee Cement - India
  • Merrill Lynch Bank
  • Indo Tambangraya Megah - Indonesia
  • PowerSource Philippines DevCo
  • New Zealand Coal & Carbon
  • RBS Sempra - UK
  • The University of Queensland
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Noble Europe Ltd - UK
  • Kideco Jaya Agung - Indonesia
  • Samsung - South Korea
  • globalCOAL - UK
  • Meralco Power Generation, Philippines
  • Carbofer General Trading SA - India
  • Grasim Industreis Ltd - India
  • Central Java Power - Indonesia
  • Inco-Indonesia
  • Energy Development Corp, Philippines
  • Vizag Seaport Private Limited - India
  • Indian Oil Corporation Limited
  • Ind-Barath Power Infra Limited - India
  • Antam Resourcindo - Indonesia
  • Goldman Sachs - Singapore
  • OPG Power Generation Pvt Ltd - India
  • Singapore Mercantile Exchange
  • GB Group - China
  • Power Finance Corporation Ltd., India
  • Wilmar Investment Holdings
  • Asia Cement - Taiwan
  • Bahari Cakrawala Sebuku - Indonesia
  • GVK Power & Infra Limited - India
  • SRK Consulting
  • Adani Power Ltd - India
  • Indian Energy Exchange, India
  • CNBM International Corporation - China
  • Commonwealth Bank - Australia
  • Geoservices-GeoAssay Lab
  • Sical Logistics Limited - India
  • Coeclerici Indonesia
  • PTC India Limited - India
  • Manunggal Multi Energi - Indonesia
  • Peabody Energy - USA
  • JPMorgan - India
  • Samtan Co., Ltd - South Korea
  • GN Power Mariveles Coal Plant, Philippines
  • Edison Trading Spa - Italy
  • Vitol - Bahrain
  • Energy Link Ltd, New Zealand
  • EMO - The Netherlands
  • Iligan Light & Power Inc, Philippines
  • UBS Singapore
  • Semirara Mining and Power Corporation, Philippines
  • MS Steel International - UAE
  • Parry Sugars Refinery, India
  • Star Paper Mills Limited - India
  • PLN Batubara - Indonesia
  • Cement Manufacturers Association - India
  • Ceylon Electricity Board - Sri Lanka
  • Heidelberg Cement - Germany
  • Asian Development Bank
  • TANGEDCO India
  • Merrill Lynch Commodities Europe
  • Pinang Coal Indonesia
  • Videocon Industries ltd - India
  • McKinsey & Co - India
  • Neyveli Lignite Corporation Ltd, - India
  • EIA - United States
  • European Bulk Services B.V. - Netherlands
  • UOB Asia (HK) Ltd
  • Ince & co LLP
  • Anglo American - United Kingdom
  • Sree Jayajothi Cements Limited - India
  • Runge Indonesia
  • Shree Cement - India
  • Ministry of Finance - Indonesia
  • Eastern Energy - Thailand
  • NALCO India
  • Alfred C Toepfer International GmbH - Germany
  • TGV SRAAC LIMITED, India
  • Thailand Anthracite
  • Kobe Steel Ltd - Japan
  • Karaikal Port Pvt Ltd - India
  • Indonesian Coal Mining Association
  • IOL Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Simpson Spence & Young - Indonesia
  • Australian Coal Association
  • World Bank
  • Kaltim Prima Coal - Indonesia
  • Coastal Gujarat Power Limited - India
  • BRS Brokers - Singapore
  • Sojitz Corporation - Japan
  • Cosco
  • Bhoruka Overseas - Indonesia
  • Deloitte Consulting - India
  • Bulk Trading Sa - Switzerland
  • CESC Limited - India
  • Bukit Makmur.PT - Indonesia
  • ACC Limited - India
  • KEPCO - South Korea
  • CCIC - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Indian School of Mines
  • TRAFIGURA, South Korea
  • Adaro Indonesia
  • Orica Mining Services - Indonesia
  • Credit Suisse - India
  • Intertek Mineral Services - Indonesia
  • The India Cements Ltd
  • Glencore India Pvt. Ltd
  • Baramulti Group, Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Globalindo Alam Lestari - Indonesia
  • ING Bank NV - Singapore
  • Mercator Lines Limited - India
  • Jatenergy - Australia
  • Maharashtra Electricity Regulatory Commission - India
  • Malco - India
  • Minerals Council of Australia
  • SMG Consultants - Indonesia
  • Wood Mackenzie - Singapore
  • Gujarat Mineral Development Corp Ltd - India
  • Gupta Coal India Ltd
  • Rio Tinto Coal - Australia
  • Coalindo Energy - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Thomson Reuters GRC
  • Sindya Power Generating Company Private Ltd
  • OCBC - Singapore
  • Sakthi Sugars Limited - India
  • ICICI Bank Limited - India
  • IMC Shipping - Singapore
  • Riau Bara Harum - Indonesia
  • Tamil Nadu electricity Board
  • Ministry of Transport, Egypt
  • Karbindo Abesyapradhi - Indoneisa
  • Toyota Tsusho Corporation, Japan
  • Electricity Authority, New Zealand
  • PetroVietnam Power Coal Import and Supply Company
  • Maybank - Singapore
  • Ministry of Mines - Canada
  • Thai Mozambique Logistica
  • Meenaskhi Energy Private Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • IEA Clean Coal Centre - UK
  • Makarim & Taira - Indonesia
  • Tanito Harum - Indonesia
  • Metalloyd Limited - United Kingdom
  • KPMG - USA
  • The State Trading Corporation of India Ltd
  • Russian Coal LLC
  • NTPC Limited - India
  • Barasentosa Lestari - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Gresik Semen - Indonesia
  • Thiess Contractors Indonesia
  • Trasteel International SA, Italy
  • Barclays Capital - USA
  • Eastern Coal Council - USA
  • Freeport Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Ambuja Cements Ltd - India
  • Electricity Generating Authority of Thailand
  • Larsen & Toubro Limited - India
  • Binh Thuan Hamico - Vietnam
  • Salva Resources Pvt Ltd - India
  • Parliament of New Zealand
  • South Luzon Thermal Energy Corporation
  • PetroVietnam
  • ETA - Dubai
  • Asmin Koalindo Tuhup - Indonesia
  • Qatrana Cement - Jordan
  • Chamber of Mines of South Africa
  • Africa Commodities Group - South Africa
  • Medco Energi Mining Internasional
  • Bayan Resources Tbk. - Indonesia
  • SGS (Thailand) Limited
  • Indorama - Singapore
  • Therma Luzon, Inc, Philippines
  • Petron Corporation, Philippines
  • Vedanta Resources Plc - India
  • Kartika Selabumi Mining - Indonesia
  • Core Mineral Indonesia
  • Platts
  • Latin American Coal - Colombia
  • Mitsui
  • Tata Chemicals Ltd - India
  • Berau Coal - Indonesia
  • KOWEPO - South Korea
  • Miang Besar Coal Terminal - Indonesia
  • Mercuria Energy - Indonesia
  • Madhucon Powers Ltd - India
  • Petrosea - Indonesia
  • Cardiff University - UK
  • Xstrata Coal
  • Krishnapatnam Port Company Ltd. - India
  • Arutmin Indonesia
  • PLN - Indonesia
  • Posco Energy - South Korea
  • Formosa Plastics Group - Taiwan
  • ASAPP Information Group - India
  • AsiaOL BioFuels Corp., Philippines
  • PNOC Exploration Corporation - Philippines
  • Permata Bank - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Aditya Birla Group - India
  • BNP Paribas - Singapore
  • Inspectorate - India
  • Indogreen Group - Indonesia
  • Coaltrans Conferences
  • White Energy Company Limited
  • Indika Energy - Indonesia
  • Lanco Infratech Ltd - India
  • Britmindo - Indonesia
  • Clarksons - UK
  • India Bulls Power Limited - India
  • Romanian Commodities Exchange
  • Sinarmas Energy and Mining - Indonesia
  • San Jose City I Power Corp, Philippines
  • Georgia Ports Authority, United States
  • Pendopo Energi Batubara - Indonesia
  • Panama Canal Authority
  • Humpuss - Indonesia
  • Port Waratah Coal Services - Australia
  • Malabar Cements Ltd - India
  • Renaissance Capital - South Africa