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Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. The sale was made by Xcoal, the exclusive representative of CONSOL in Asia, as a result of an Asian Marketing Initiative announced last month by CONSOL.
The sale of a Panamax vessel of approximately 82,000 short tons is destined for merchant coke plants in the Tianjin/Guafeng area of China. The vessel will be loaded at CONSOL's Baltimore terminal.
CONSOL Energy is enthusiastic about this sale. It hopes to receive a significant premium for its Bailey Mine coal when compared to its local thermal market. It believes that this sale will establish CONSOL as a premium brand in Asia. Xcoal has representative offices in Beijing, Seoul, Tokyo and Singapore.
Last week, CONSOL’s board approved a $1 billion capital budget for 2010, which included $400 million for CNX Gas Corporation. The budget focuses on the goals of improving the efficiency and productivity of its fleet of mines, while funding meaningful production growth in the gas business. To read more Zacks
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Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
Wednesday, 13 January 10
ADHUNIK GROUP TO BUY 50 PCT IN AUSTRALIA MINE
The Adhunik group of Industries is in talks to acquire 50 percent in an Australian coking coal mine for $100 million, the Economic Times reported on ...
Wednesday, 13 January 10
COAL MARKETS 2010 CONFERENCE - SINGAPORE, 28 - 29 JANUARY 2010
COALspot.com (Press Release): As an established annual event that has been running for more than 7 years now with extensive industry support from ke ...
Wednesday, 13 January 10
IRON ORE PRICE TIPPED TO RISE 40PC, SAYS ANZ
THE price battle in the controversial iron ore negotiations is expected to intensify.
ANZ senior commodities analyst Mark Pervan has increased h ...
Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale o ...
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- Timah Investasi Mineral - Indoneisa
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- Chamber of Mines of South Africa
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- Bharathi Cement Corporation - India
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- Africa Commodities Group - South Africa
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- White Energy Company Limited
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- Australian Coal Association
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- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
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- Indika Energy - Indonesia
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
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- Billiton Holdings Pty Ltd - Australia
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- Tamil Nadu electricity Board
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- Wood Mackenzie - Singapore
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- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
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- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- The University of Queensland
- Singapore Mercantile Exchange
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- Thai Mozambique Logistica
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- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
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- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Economic Council, Georgia
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- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- ICICI Bank Limited - India
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
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- Sindya Power Generating Company Private Ltd
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- New Zealand Coal & Carbon
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- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
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- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- SMC Global Power, Philippines
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