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Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL


China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China Securities Journal said, reporting on a forecast from the China National Coal Association. Demand from the world’s biggest producer and consumer of coal could be about 3,400 Mt from this year, the newspaper reported. China uses coal to fuel about 80% of its power plants and to make steel.

Government stimulus may boost economic growth by more than 8% this year, according to official forecasts, spurring factory output and power and fuel use. China’s energy demand may rise 3.6% in 2010, Shanghai Securities News said, citing National Energy Administration Director Zhang Guobao.

Growth in coal demand should be fairly stable in 2010, as economic growth next year is expected to be as strong as this year. So power demand will be high also. Electricity generation in the world’s third-biggest economy climbed at the fastest pace in almost five years in November as industrial production grew 19% in the month, data from the National Bureau of Statistics showed. Coal consumption is expected to increase between 6 and 7% to about 3,200 Mt next year. Also, the country’s coal production capacity may expand by almost 300 Mt in 2010. Supply and demand of coal in China should stay largely balanced next year. Short-term supply tightness in certain regions will still be seen in the first quarter. To read more 
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Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...


Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...


Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands. The Viet Nam Coal ...


Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...


Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...


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